TD Waterhouse Canada Inc. Purchases New Holdings in Kaiser Aluminum Co. (NASDAQ:KALU)

TD Waterhouse Canada Inc. purchased a new position in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm 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 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. AlphaQuest LLC lifted its holdings in 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 bought a new position in shares of Kaiser Aluminum during the 4th quarter valued at about $52,000. KBC Group NV grew its position in shares of Kaiser Aluminum by 93.0% in the 4th 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. HighTower Advisors LLC bought a new stake in Kaiser Aluminum during the 4th quarter worth approximately $213,000. Finally, Virtu Financial LLC acquired a new stake in Kaiser Aluminum during the 3rd quarter worth approximately $217,000. 99.29% of the stock is owned by institutional investors and hedge funds.

Kaiser Aluminum Stock Performance

Kaiser Aluminum stock traded down $0.96 during mid-day trading on Wednesday, hitting $63.70. 97,796 shares of the company's stock traded hands, compared to its average volume of 145,371. Kaiser Aluminum Co. has a fifty-two week low of $46.81 and a fifty-two week high of $102.42. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 22.20 and a beta of 1.32. The firm has a 50 day simple moving average of $62.51 and a two-hundred day simple moving average of $70.48. 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 (NASDAQ:KALU - Get Free Report) last announced 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. Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. The business had revenue of $777.40 million for the quarter, compared to analyst estimates of $788.00 million. During the same quarter in the prior year, the business earned $1.02 EPS. Kaiser Aluminum's quarterly revenue was up 5.3% on a year-over-year basis. On average, research analysts expect that Kaiser Aluminum Co. will post 5.14 EPS for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 25th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Friday, April 25th. This represents a $3.08 annualized dividend and a yield of 4.84%. Kaiser Aluminum's dividend payout ratio (DPR) is presently 115.36%.

Wall Street Analyst Weigh In

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

Kaiser Aluminum Company 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.