Kaiser Aluminum Co. (NASDAQ:KALU) Shares Bought by Northern Trust Corp

Northern Trust Corp increased its stake in shares of Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 16.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 198,201 shares of the industrial products company's stock after purchasing an additional 28,359 shares during the quarter. Northern Trust Corp owned approximately 1.23% of Kaiser Aluminum worth $13,928,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in KALU. Pitcairn Co. increased its position in Kaiser Aluminum by 3.0% during the 4th quarter. Pitcairn Co. now owns 6,118 shares of the industrial products company's stock valued at $430,000 after buying an additional 181 shares in the last quarter. New York State Teachers Retirement System increased its holdings in shares of Kaiser Aluminum by 6.2% in the fourth quarter. New York State Teachers Retirement System now owns 6,879 shares of the industrial products company's stock valued at $483,000 after purchasing an additional 400 shares during the period. KBC Group NV increased its holdings in shares of Kaiser Aluminum by 93.0% in the fourth quarter. KBC Group NV now owns 851 shares of the industrial products company's stock valued at $60,000 after purchasing an additional 410 shares during the period. MetLife Investment Management LLC boosted its stake in shares of Kaiser Aluminum by 5.0% in the fourth quarter. MetLife Investment Management LLC now owns 9,705 shares of the industrial products company's stock worth $682,000 after buying an additional 462 shares during the last quarter. Finally, AlphaQuest LLC boosted its stake in shares of Kaiser Aluminum by 497.2% in the fourth quarter. AlphaQuest LLC now owns 651 shares of the industrial products company's stock worth $46,000 after buying an additional 542 shares during the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Kaiser Aluminum Price Performance

Shares of NASDAQ KALU traded down $0.58 during midday trading on Wednesday, hitting $71.82. The stock had a trading volume of 4,901 shares, compared to its average volume of 138,445. Kaiser Aluminum Co. has a 1 year low of $46.81 and a 1 year high of $102.35. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $1.16 billion, a PE ratio of 24.97 and a beta of 1.40. The stock has a 50 day simple moving average of $62.63 and a 200-day simple moving average of $70.17.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.91. Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. The company had revenue of $777.40 million during the quarter, compared to analysts' expectations of $788.00 million. During the same quarter last year, the firm earned $1.02 earnings per share. The firm's quarterly revenue was up 5.3% compared to the same quarter last year. On average, sell-side analysts expect that Kaiser Aluminum Co. will post 5.14 EPS for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Friday, April 25th were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date was Friday, April 25th. Kaiser Aluminum's dividend payout ratio (DPR) is 115.36%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Benchmark lowered their price target on Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. StockNews.com upgraded Kaiser Aluminum from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. JPMorgan Chase & Co. raised their target price on Kaiser Aluminum from $62.00 to $64.00 and gave the company a "neutral" rating in a research report on Monday, April 28th. Finally, Wolfe Research upgraded Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research report on Friday, April 11th.

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.