TD Waterhouse Canada Inc. Makes New $684,000 Investment in Kaiser Aluminum Co. (NASDAQ:KALU)

TD Waterhouse Canada Inc. purchased a new stake in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 9,734 shares of the industrial products company's stock, valued at approximately $684,000. TD Waterhouse Canada Inc. owned about 0.06% of Kaiser Aluminum at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. AlphaQuest LLC raised its holdings in shares of Kaiser Aluminum by 497.2% during the fourth quarter. AlphaQuest LLC now owns 651 shares of the industrial products company's stock worth $46,000 after acquiring an additional 542 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Kaiser Aluminum in the 4th quarter valued at $52,000. KBC Group NV increased its position in Kaiser Aluminum by 93.0% during the fourth quarter. KBC Group NV now owns 851 shares of the industrial products company's stock worth $60,000 after buying an additional 410 shares during the last quarter. HighTower Advisors LLC bought a new position in shares of Kaiser Aluminum in the 4th quarter valued at approximately $213,000. Finally, Virtu Financial LLC acquired a new position in shares of Kaiser Aluminum during the 3rd quarter worth about $217,000. Institutional investors own 99.29% of the company's stock.

Kaiser Aluminum Trading Up 2.7 %

NASDAQ KALU traded up $1.71 during trading hours on Thursday, reaching $66.17. The company's stock had a trading volume of 38,692 shares, compared to its average volume of 138,481. 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 52 week low of $46.81 and a 52 week high of $102.42. The stock has a market cap of $1.07 billion, a P/E ratio of 23.13 and a beta of 1.32. The firm has a fifty day simple moving average of $62.36 and a 200-day simple moving average of $70.44.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the firm earned $1.02 earnings per share. Kaiser Aluminum's quarterly revenue was up 5.3% on a year-over-year basis. Equities analysts forecast that Kaiser Aluminum Co. will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 25th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 4.65%. The ex-dividend date of this dividend is Friday, April 25th. Kaiser Aluminum's payout ratio is 115.36%.

Analyst Upgrades and Downgrades

KALU has been the topic of several recent analyst 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 upgraded Kaiser Aluminum from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Benchmark reduced their price objective on Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating for the company in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. lifted 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.

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.