NFJ Investment Group LLC Decreases Holdings in Kaiser Aluminum Co. (NASDAQ:KALU)

NFJ Investment Group LLC lowered its stake in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,796 shares of the industrial products company’s stock after selling 1,060 shares during the period. NFJ Investment Group LLC owned about 0.85% of Kaiser Aluminum worth $9,613,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Pitcairn Co. increased its stake in Kaiser Aluminum by 3.0% during the 4th quarter. Pitcairn Co. now owns 6,118 shares of the industrial products company’s stock worth $430,000 after buying an additional 181 shares in the last quarter. New York State Teachers Retirement System increased its position in shares of Kaiser Aluminum by 6.2% during the fourth quarter. New York State Teachers Retirement System now owns 6,879 shares of the industrial products company’s stock worth $483,000 after purchasing an additional 400 shares in the last quarter. KBC Group NV raised its stake in 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 last quarter. AlphaQuest LLC lifted its holdings in Kaiser Aluminum by 497.2% in the 4th quarter. AlphaQuest LLC now owns 651 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 542 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Kaiser Aluminum by 1.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 41,106 shares of the industrial products company’s stock worth $2,889,000 after purchasing an additional 556 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on KALU shares. Wolfe Research upgraded shares of Kaiser Aluminum from an “underperform” rating to a “peer perform” rating in a research report on Friday, April 11th. StockNews.com cut Kaiser Aluminum from a “hold” rating to a “sell” rating in a report on Thursday, April 10th.

Kaiser Aluminum Stock Down 0.7 %

NASDAQ KALU opened at $54.61 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 1.56. Kaiser Aluminum Co. has a 52 week low of $46.81 and a 52 week high of $102.42. The business’s fifty day simple moving average is $65.24 and its 200-day simple moving average is $71.42. The firm has a market cap of $879.22 million, a PE ratio of 19.03 and a beta of 1.32.

Kaiser Aluminum (NASDAQ:KALU) last posted its earnings results on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.30). The firm had revenue of $765.40 million during the quarter, compared to analyst estimates of $752.00 million. Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. During the same quarter in the previous year, the firm earned $0.60 earnings per share. As a group, equities analysts anticipate that Kaiser Aluminum Co. will post 5.14 earnings per share for the current year.

Kaiser Aluminum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 25th will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 5.64%. Kaiser Aluminum’s dividend payout ratio is currently 107.32%.

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.