Mutual of America Capital Management LLC Has $3.50 Million Stock Holdings in Kaiser Aluminum Co. (NASDAQ:KALU)

Mutual of America Capital Management LLC reduced its stake in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 52.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 49,153 shares of the industrial products company’s stock after selling 55,005 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Kaiser Aluminum were worth $3,499,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Tower Research Capital LLC TRC raised its holdings in Kaiser Aluminum by 314.4% in the first quarter. Tower Research Capital LLC TRC now owns 518 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 393 shares during the period. International Assets Investment Management LLC acquired a new stake in Kaiser Aluminum in the fourth quarter worth $51,000. NewEdge Advisors LLC raised its holdings in shares of Kaiser Aluminum by 2,214.3% during the first quarter. NewEdge Advisors LLC now owns 810 shares of the industrial products company’s stock worth $60,000 after acquiring an additional 775 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Kaiser Aluminum during the second quarter worth $80,000. Finally, Captrust Financial Advisors raised its holdings in shares of Kaiser Aluminum by 76.1% during the first quarter. Captrust Financial Advisors now owns 1,016 shares of the industrial products company’s stock worth $96,000 after acquiring an additional 439 shares during the period. 99.29% of the stock is owned by institutional investors.

Kaiser Aluminum Stock Down 0.6 %

Shares of KALU stock opened at $89.96 on Thursday. The company has a current ratio of 2.68, a quick ratio of 1.39 and a debt-to-equity ratio of 1.72. Kaiser Aluminum Co. has a 1 year low of $53.67 and a 1 year high of $95.56. The firm’s fifty day moving average price is $78.50 and its two-hundred day moving average price is $69.04. The firm has a market capitalization of $1.44 billion, a P/E ratio of 30.81 and a beta of 1.38.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.94. Kaiser Aluminum had a net margin of 1.53% and a return on equity of 8.32%. The firm had revenue of $722.00 million for the quarter, compared to analyst estimates of $716.01 million. During the same period in the previous year, the business earned ($1.66) EPS. The company’s revenue was down 7.0% compared to the same quarter last year. On average, equities analysts predict that Kaiser Aluminum Co. will post 3.65 EPS for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 25th will be paid a $0.77 dividend. The ex-dividend date is Wednesday, April 24th. This represents a $3.08 annualized dividend and a yield of 3.42%. Kaiser Aluminum’s payout ratio is currently 105.48%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on KALU shares. JPMorgan Chase & Co. raised their price objective on shares of Kaiser Aluminum from $68.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. UBS Group started coverage on shares of Kaiser Aluminum in a report on Tuesday, January 16th. They set a “neutral” rating and a $67.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $77.00.

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.