Wells Fargo & Company MN Acquires 6,886 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

Wells Fargo & Company MN grew its holdings in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 23.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,196 shares of the industrial products company's stock after purchasing an additional 6,886 shares during the period. Wells Fargo & Company MN owned approximately 0.22% of Kaiser Aluminum worth $2,544,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of KALU. Barclays PLC boosted its position in shares of Kaiser Aluminum by 101.3% during the 3rd quarter. Barclays PLC now owns 27,454 shares of the industrial products company's stock valued at $1,991,000 after acquiring an additional 13,813 shares during the last quarter. Geode Capital Management LLC raised its stake in Kaiser Aluminum by 1.2% in the third quarter. Geode Capital Management LLC now owns 376,745 shares of the industrial products company's stock valued at $27,326,000 after purchasing an additional 4,388 shares in the last quarter. Virtu Financial LLC bought a new stake in Kaiser Aluminum during the third quarter valued at approximately $217,000. Tidal Investments LLC grew its stake in Kaiser Aluminum by 27.9% in the 3rd quarter. Tidal Investments LLC now owns 6,471 shares of the industrial products company's stock worth $469,000 after buying an additional 1,412 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Kaiser Aluminum by 7.8% in the 3rd quarter. Franklin Resources Inc. now owns 18,440 shares of the industrial products company's stock worth $1,332,000 after buying an additional 1,337 shares during the last quarter. Institutional investors own 99.29% of the company's stock.

Kaiser Aluminum Trading Down 0.3 %

Shares of KALU traded down $0.20 during trading hours on Wednesday, hitting $64.46. The company had a trading volume of 211,004 shares, compared to its average volume of 138,862. Kaiser Aluminum Co. has a 52-week low of $46.81 and a 52-week high of $102.42. 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 stock's 50 day moving average price is $62.36 and its 200 day moving average price is $70.44. The firm has a market cap of $1.04 billion, a P/E ratio of 22.46 and a beta of 1.32.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $1.44 earnings per share 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 firm had revenue of $777.40 million during the quarter, compared to the consensus estimate of $788.00 million. During the same quarter in the previous year, the company posted $1.02 earnings per share. The business's revenue was up 5.3% on a year-over-year basis. On average, research analysts predict 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 will be paid on Thursday, May 15th. Stockholders of record on Friday, April 25th will be paid a dividend of $0.77 per share. The ex-dividend date is Friday, April 25th. This represents a $3.08 annualized dividend and a dividend yield of 4.78%. Kaiser Aluminum's dividend payout ratio (DPR) is presently 115.36%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KALU. Wolfe Research raised shares of Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a report on Friday, April 11th. Benchmark cut their price objective on Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating for the company 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. increased their price target on shares of 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.