Arizona State Retirement System Has $342,000 Stock Holdings in Kaiser Aluminum Co. (NASDAQ:KALU)

Arizona State Retirement System increased its holdings in shares of Kaiser Aluminum Co. (NASDAQ:KALU – Get Rating) by 4.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,498 shares of the industrial products company’s stock after purchasing an additional 176 shares during the quarter. Arizona State Retirement System’s holdings in Kaiser Aluminum were worth $342,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. BlackRock Inc. increased its stake in Kaiser Aluminum by 0.9% during the 1st quarter. BlackRock Inc. now owns 2,617,574 shares of the industrial products company’s stock worth $246,471,000 after purchasing an additional 22,167 shares in the last quarter. Vanguard Group Inc. increased its stake in Kaiser Aluminum by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,902,149 shares of the industrial products company’s stock worth $116,697,000 after purchasing an additional 40,795 shares in the last quarter. State Street Corp increased its stake in Kaiser Aluminum by 30.6% during the 1st quarter. State Street Corp now owns 1,132,280 shares of the industrial products company’s stock worth $106,615,000 after purchasing an additional 265,426 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Kaiser Aluminum by 16.7% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 660,502 shares of the industrial products company’s stock worth $40,522,000 after acquiring an additional 94,518 shares in the last quarter. Finally, Copeland Capital Management LLC grew its stake in shares of Kaiser Aluminum by 5.8% during the 4th quarter. Copeland Capital Management LLC now owns 302,333 shares of the industrial products company’s stock worth $22,965,000 after acquiring an additional 16,639 shares in the last quarter. 99.65% of the stock is owned by institutional investors.

Kaiser Aluminum Stock Up 1.4 %

KALU opened at $64.55 on Monday. Kaiser Aluminum Co. has a fifty-two week low of $56.79 and a fifty-two week high of $104.64. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.29 and a current ratio of 2.61. The company has a market capitalization of $1.03 billion, a P/E ratio of -46.78 and a beta of 1.28. The stock has a fifty day moving average of $65.97 and a 200-day moving average of $77.83.

Kaiser Aluminum (NASDAQ:KALU – Get Rating) last posted its earnings results on Thursday, April 27th. The industrial products company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.58. Kaiser Aluminum had a negative return on equity of 3.35% and a negative net margin of 0.65%. The company had revenue of $808.00 million during the quarter, compared to the consensus estimate of $810.25 million. During the same quarter last year, the firm earned $0.66 earnings per share. The company’s revenue was down 14.9% on a year-over-year basis. On average, equities analysts expect that Kaiser Aluminum Co. will post 3.2 EPS for the current year.

Kaiser Aluminum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Tuesday, April 25th were given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date of this dividend was Monday, April 24th. Kaiser Aluminum’s payout ratio is currently -223.19%.

Analyst Ratings Changes

Several brokerages have recently weighed in on KALU. Benchmark decreased their price target on shares of Kaiser Aluminum from $105.00 to $84.00 and set a “buy” rating for the company in a research note on Friday, April 21st. Wolfe Research cut shares of Kaiser Aluminum from a “peer perform” rating to an “underperform” rating and set a $67.00 price target for the company. in a research note on Wednesday, April 12th. StockNews.com started coverage on shares of Kaiser Aluminum in a research note on Thursday. They set a “sell” rating for the company. The Goldman Sachs Group cut their price objective on Kaiser Aluminum from $80.00 to $70.00 and set a “sell” rating for the company in a report on Monday, February 27th. Finally, JPMorgan Chase & Co. started coverage on Kaiser Aluminum in a report on Monday, May 8th. They issued a “neutral” rating and a $69.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $72.50.

About Kaiser Aluminum

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Kaiser Aluminum Corp. engages in the manufacture and sale of semi-fabricated specialty aluminum products. The firm caters to the aerospace, general engineering, automotive, and custom industrial applications industries. Its products include plate, sheet, coil, hard alloy shapes, soft alloy extrusions, seamless and structural extruded, drawn tube, hard alloy rod, bar, wire and forge stock.