Russell Investments Group Ltd. decreased its stake in shares of Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 70.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 15,625 shares of the industrial products company's stock after selling 36,418 shares during the quarter. Russell Investments Group Ltd. owned 0.10% of Kaiser Aluminum worth $1,098,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in KALU. Envestnet Asset Management Inc. increased its stake in Kaiser Aluminum by 1.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 41,106 shares of the industrial products company's stock valued at $2,889,000 after acquiring an additional 556 shares during the period. Wells Fargo & Company MN increased its position in shares of Kaiser Aluminum by 23.5% during the fourth quarter. Wells Fargo & Company MN now owns 36,196 shares of the industrial products company's stock valued at $2,544,000 after purchasing an additional 6,886 shares during the period. Pitcairn Co. increased its position in shares of Kaiser Aluminum by 3.0% during the fourth quarter. Pitcairn Co. now owns 6,118 shares of the industrial products company's stock valued at $430,000 after purchasing an additional 181 shares during the period. Wellington Management Group LLP lifted its position in Kaiser Aluminum by 103.6% in the fourth quarter. Wellington Management Group LLP now owns 431,980 shares of the industrial products company's stock worth $30,355,000 after purchasing an additional 219,827 shares during the period. Finally, Orion Portfolio Solutions LLC lifted its position in Kaiser Aluminum by 43.4% in the fourth quarter. Orion Portfolio Solutions LLC now owns 10,886 shares of the industrial products company's stock worth $765,000 after purchasing an additional 3,294 shares during the period. Institutional investors and hedge funds own 99.29% of the company's stock.
Kaiser Aluminum Price Performance
Shares of NASDAQ:KALU traded down $1.76 on Friday, hitting $60.66. The stock had a trading volume of 222,209 shares, compared to its average volume of 138,671. The firm's 50 day moving average price is $62.85 and its 200-day moving average price is $70.60. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.44. Kaiser Aluminum Co. has a twelve month low of $46.81 and a twelve month high of $102.42. The company has a market capitalization of $976.63 million, a price-to-earnings ratio of 21.14 and a beta of 1.32.
Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The industrial products company reported $1.44 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.91. The firm had revenue of $777.40 million for the quarter, compared to analyst estimates of $788.00 million. Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. On average, equities research analysts predict that Kaiser Aluminum Co. will post 5.14 earnings per share for the current year.
Kaiser Aluminum Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 25th will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, April 25th. This represents a $3.08 dividend on an annualized basis and a yield of 5.08%. Kaiser Aluminum's dividend payout ratio is 107.32%.
Analysts Set New Price Targets
KALU has been the subject of a number of recent research reports. Wolfe Research upgraded shares of Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research note on Friday, April 11th. StockNews.com raised shares of Kaiser Aluminum from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Finally, Benchmark decreased their price objective on Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating on the stock in a report on Monday, April 21st.
View Our Latest Report on KALU
Kaiser Aluminum Company Profile
(
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.
See Also
Before you consider Kaiser Aluminum, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kaiser Aluminum wasn't on the list.
While Kaiser Aluminum currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
