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

Kaiser Aluminum logo with Industrial Products background

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

A number of other hedge funds have also added to or reduced their stakes in KALU. Barclays PLC boosted its stake in shares of Kaiser Aluminum by 6.5% during the third quarter. Barclays PLC now owns 9,146 shares of the industrial products company's stock valued at $689,000 after purchasing an additional 556 shares in the last quarter. Swiss National Bank boosted its stake in shares of Kaiser Aluminum by 1.2% during the third quarter. Swiss National Bank now owns 35,100 shares of the industrial products company's stock valued at $2,642,000 after purchasing an additional 400 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Kaiser Aluminum by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 259,307 shares of the industrial products company's stock valued at $19,515,000 after purchasing an additional 4,685 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Kaiser Aluminum by 27.8% during the third quarter. Deutsche Bank AG now owns 8,650 shares of the industrial products company's stock valued at $651,000 after purchasing an additional 1,881 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Kaiser Aluminum by 0.5% during the third quarter. Vanguard Group Inc. now owns 1,877,075 shares of the industrial products company's stock valued at $141,269,000 after purchasing an additional 8,771 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors.


Kaiser Aluminum Stock Performance

Shares of NASDAQ KALU traded down $0.96 during midday trading on Thursday, reaching $87.95. The company had a trading volume of 93,532 shares, compared to its average volume of 142,677. The business's 50-day simple moving average is $93.98 and its 200 day simple moving average is $79.21. The stock has a market cap of $1.41 billion, a P/E ratio of 25.57 and a beta of 1.37. Kaiser Aluminum Co. has a 1 year low of $53.67 and a 1 year high of $102.42. The company has a current ratio of 2.66, a quick ratio of 1.43 and a debt-to-equity ratio of 1.56.

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

Kaiser Aluminum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Thursday, April 25th were issued a dividend of $0.77 per share. The ex-dividend date of this dividend was Wednesday, April 24th. This represents a $3.08 annualized dividend and a dividend yield of 3.50%. Kaiser Aluminum's dividend payout ratio (DPR) is presently 89.53%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Benchmark reiterated a "buy" rating and set a $84.00 price objective on shares of Kaiser Aluminum in a research note on Friday, April 19th. JPMorgan Chase & Co. raised their target price on shares of Kaiser Aluminum from $68.00 to $80.00 and gave the company a "neutral" rating in a research note on Wednesday, April 10th.

Get Our Latest Research Report on KALU

About Kaiser Aluminum

(Free Report)

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.

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Institutional Ownership by Quarter for Kaiser Aluminum (NASDAQ:KALU)

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