Northern Trust Corp Increases Holdings in Kaiser Aluminum Co. (NASDAQ:KALU)

Northern Trust Corp grew its holdings in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 16.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 198,201 shares of the industrial products company's stock after acquiring an additional 28,359 shares during the period. Northern Trust Corp owned about 1.23% of Kaiser Aluminum worth $13,928,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Aquatic Capital Management LLC increased its holdings in shares of Kaiser Aluminum by 87.1% in the fourth quarter. Aquatic Capital Management LLC now owns 1,684 shares of the industrial products company's stock worth $118,000 after purchasing an additional 784 shares during the last quarter. Voya Investment Management LLC increased its holdings in shares of Kaiser Aluminum by 6.2% in the fourth quarter. Voya Investment Management LLC now owns 13,256 shares of the industrial products company's stock worth $931,000 after purchasing an additional 776 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Kaiser Aluminum by 9.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,976 shares of the industrial products company's stock worth $772,000 after purchasing an additional 943 shares during the last quarter. Dark Forest Capital Management LP increased its holdings in shares of Kaiser Aluminum by 103.5% in the fourth quarter. Dark Forest Capital Management LP now owns 12,342 shares of the industrial products company's stock worth $867,000 after purchasing an additional 6,276 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Kaiser Aluminum by 325.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,768 shares of the industrial products company's stock worth $124,000 after purchasing an additional 1,352 shares during the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KALU has been the topic of several research reports. Wolfe Research raised Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a report on Friday, April 11th. Benchmark reduced their target price on Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating on the stock in a report on Monday, April 21st. StockNews.com raised Kaiser Aluminum from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Finally, JPMorgan Chase & Co. boosted their price objective on Kaiser Aluminum from $62.00 to $64.00 and gave the stock a "neutral" rating in a research note on Monday, April 28th.

Kaiser Aluminum Trading Up 1.0%

Shares of NASDAQ KALU opened at $71.69 on Friday. The business's 50 day moving average is $62.35 and its two-hundred day moving average is $70.28. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.44 and a quick ratio of 1.36. Kaiser Aluminum Co. has a 1-year low of $46.81 and a 1-year high of $102.42. The stock has a market capitalization of $1.16 billion, a P/E ratio of 24.98 and a beta of 1.40.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $1.44 earnings per share 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 for the quarter, compared to analysts' expectations of $788.00 million. During the same period in the previous year, the firm posted $1.02 earnings per share. The firm's revenue for the quarter was up 5.3% on a year-over-year basis. As a group, research analysts expect that Kaiser Aluminum Co. will post 5.14 EPS for the current year.

Kaiser Aluminum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Friday, April 25th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, April 25th. This represents a $3.08 annualized dividend and a dividend yield of 4.30%. Kaiser Aluminum's dividend payout ratio (DPR) is presently 115.36%.

Kaiser Aluminum 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.

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