Fisher Asset Management LLC Lowers Stake in Kaiser Aluminum Co. (NASDAQ:KALU)

Fisher Asset Management LLC reduced its position in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 9.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 147,421 shares of the industrial products company's stock after selling 16,289 shares during the quarter. Fisher Asset Management LLC owned about 0.92% of Kaiser Aluminum worth $10,495,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Assenagon Asset Management S.A. purchased a new position in Kaiser Aluminum during the 4th quarter valued at about $1,136,000. Victory Capital Management Inc. lifted its position in shares of Kaiser Aluminum by 12.0% during the 3rd quarter. Victory Capital Management Inc. now owns 1,249,158 shares of the industrial products company's stock worth $94,012,000 after purchasing an additional 134,073 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Kaiser Aluminum during the 4th quarter worth about $570,000. Cambridge Investment Research Advisors Inc. increased its position in shares of Kaiser Aluminum by 99.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 11,530 shares of the industrial products company's stock worth $868,000 after purchasing an additional 5,735 shares in the last quarter. Finally, New York State Teachers Retirement System increased its holdings in shares of Kaiser Aluminum by 11.3% in the 4th quarter. New York State Teachers Retirement System now owns 4,927 shares of the industrial products company's stock valued at $351,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 99.29% of the company's stock.

Kaiser Aluminum Price Performance

NASDAQ:KALU traded up $0.02 during trading hours on Tuesday, reaching $97.81. 111,649 shares of the company traded hands, compared to its average volume of 150,837. The firm's 50-day moving average is $85.15 and its 200-day moving average is $71.16. The stock has a market cap of $1.57 billion, a P/E ratio of 28.43 and a beta of 1.37. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.66 and a quick ratio of 1.43. Kaiser Aluminum Co. has a 1-year low of $53.67 and a 1-year high of $99.46.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.44. The firm had revenue of $738.00 million during the quarter, compared to analyst estimates of $733.34 million. Kaiser Aluminum had a net margin of 1.85% and a return on equity of 8.40%. The company's revenue was down 8.7% on a year-over-year basis. During the same quarter last year, the business posted $0.99 EPS. Equities research analysts expect that Kaiser Aluminum Co. will post 4.12 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 25th will be given a dividend of $0.77 per share. The ex-dividend date is Wednesday, April 24th. This represents a $3.08 dividend on an annualized basis and a yield of 3.15%. Kaiser Aluminum's payout ratio is presently 89.53%.

Analysts Set New Price Targets

KALU has been the topic of several recent research reports. UBS Group assumed coverage on Kaiser Aluminum in a research report on Tuesday, January 16th. They issued a "neutral" rating and a $67.00 price target on the stock. Benchmark restated a "buy" rating and set a $84.00 price objective on shares of Kaiser Aluminum in a research report on Friday, April 19th. Finally, JPMorgan Chase & Co. raised their target price on Kaiser Aluminum from $68.00 to $80.00 and gave the company a "neutral" rating in a report on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $77.00.

Kaiser Aluminum Company Profile

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.