Mutual of America Capital Management LLC Decreases Stock Position in Kaiser Aluminum Co. (NASDAQ:KALU)

Mutual of America Capital Management LLC lowered its position in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 52.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,153 shares of the industrial products company's stock after selling 55,005 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.31% of Kaiser Aluminum worth $3,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of KALU. Tower Research Capital LLC TRC boosted its stake in shares of Kaiser Aluminum by 314.4% during the first quarter. Tower Research Capital LLC TRC now owns 518 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 393 shares during the period. International Assets Investment Management LLC purchased a new stake in Kaiser Aluminum in the fourth quarter worth $51,000. NewEdge Advisors LLC lifted its stake in Kaiser Aluminum by 2,214.3% in the first quarter. NewEdge Advisors LLC now owns 810 shares of the industrial products company's stock worth $60,000 after acquiring an additional 775 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Kaiser Aluminum in the second quarter worth $80,000. Finally, Captrust Financial Advisors lifted its stake in Kaiser Aluminum by 76.1% in the first quarter. Captrust Financial Advisors now owns 1,016 shares of the industrial products company's stock worth $96,000 after acquiring an additional 439 shares during the period. Hedge funds and other institutional investors own 99.29% of the company's stock.

Kaiser Aluminum Stock Up 0.2 %

KALU traded up $0.21 during trading on Thursday, reaching $90.17. The stock had a trading volume of 140,829 shares, compared to its average volume of 138,464. Kaiser Aluminum Co. has a one year low of $53.67 and a one year high of $95.56. The company has a current ratio of 2.68, a quick ratio of 1.39 and a debt-to-equity ratio of 1.72. The stock's 50 day moving average is $79.01 and its two-hundred day moving average is $69.19. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 30.88 and a beta of 1.38.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.60 earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.94. Kaiser Aluminum had a return on equity of 8.32% and a net margin of 1.53%. The firm had revenue of $722.00 million during the quarter, compared to the consensus estimate of $716.01 million. During the same period last year, the company earned ($1.66) earnings per share. The company's revenue was down 7.0% on a year-over-year basis. As a group, analysts expect that Kaiser Aluminum Co. will post 3.65 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 25th will be issued a dividend of $0.77 per share. The ex-dividend date is Wednesday, April 24th. This represents a $3.08 annualized dividend and a dividend yield of 3.42%. Kaiser Aluminum's payout ratio is presently 105.48%.

Wall Street Analyst Weigh In

A number of analysts recently commented on KALU shares. UBS Group started coverage on Kaiser Aluminum in a research note on Tuesday, January 16th. They issued a "neutral" rating and a $67.00 price target for the company. JPMorgan Chase & Co. increased their price objective on Kaiser Aluminum from $68.00 to $80.00 and gave the stock a "neutral" rating in a report on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $77.00.

About Kaiser Aluminum

Kaiser Aluminum Corporation, together with its subsidiaries, engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. It offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.