Swiss National Bank Purchases 1,000 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

Swiss National Bank increased its position in shares of Kaiser Aluminum Co. (NASDAQ:KALU – Get Rating) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,500 shares of the industrial products company’s stock after purchasing an additional 1,000 shares during the period. Swiss National Bank’s holdings in Kaiser Aluminum were worth $2,924,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of KALU. Arizona State Retirement System grew its position in Kaiser Aluminum by 4.1% in the fourth quarter. Arizona State Retirement System now owns 4,498 shares of the industrial products company’s stock valued at $342,000 after acquiring an additional 176 shares during the period. State Board of Administration of Florida Retirement System acquired a new position in Kaiser Aluminum in the fourth quarter worth $211,000. LPL Financial LLC boosted its stake in Kaiser Aluminum by 7.7% in the fourth quarter. LPL Financial LLC now owns 3,563 shares of the industrial products company’s stock worth $271,000 after purchasing an additional 254 shares in the last quarter. Brinker Capital Investments LLC boosted its stake in Kaiser Aluminum by 2.5% in the fourth quarter. Brinker Capital Investments LLC now owns 8,829 shares of the industrial products company’s stock worth $671,000 after purchasing an additional 212 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in Kaiser Aluminum by 30.6% in the fourth quarter. SG Americas Securities LLC now owns 3,211 shares of the industrial products company’s stock worth $244,000 after purchasing an additional 752 shares in the last quarter. 99.65% of the stock is currently owned by institutional investors.

Kaiser Aluminum Stock Down 0.5 %

Shares of Kaiser Aluminum stock opened at $65.11 on Wednesday. The business’s 50 day simple moving average is $65.79 and its 200 day simple moving average is $77.60. Kaiser Aluminum Co. has a 52-week low of $56.79 and a 52-week high of $104.64. The firm has a market cap of $1.04 billion, a PE ratio of -47.18 and a beta of 1.28. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.29 and a current ratio of 2.61.

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

Kaiser Aluminum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Tuesday, April 25th were paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Monday, April 24th. This represents a $3.08 annualized dividend and a dividend yield of 4.73%. Kaiser Aluminum’s dividend payout ratio is currently -223.19%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on KALU shares. Benchmark reduced their price objective on Kaiser Aluminum from $105.00 to $84.00 and set a “buy” rating on the stock in a research note on Friday, April 21st. The Goldman Sachs Group reduced their price objective on Kaiser Aluminum from $80.00 to $70.00 and set a “sell” rating on the stock in a research note on Monday, February 27th. Wolfe Research lowered Kaiser Aluminum from a “peer perform” rating to an “underperform” rating and set a $67.00 price objective on the stock. in a research note on Wednesday, April 12th. StockNews.com started coverage on Kaiser Aluminum in a research note on Thursday, May 18th. They issued a “sell” rating on the stock. 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 target on the stock. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Kaiser Aluminum presently has a consensus rating of “Hold” and an average price target of $72.50.

Kaiser Aluminum Company Profile

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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.