Nisa Investment Advisors LLC Cuts Position in Kaiser Aluminum Co. (NASDAQ:KALU)

Nisa Investment Advisors LLC cut its stake in Kaiser Aluminum Co. (NASDAQ:KALU) by 6.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,495 shares of the industrial products company’s stock after selling 414 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Kaiser Aluminum were worth $462,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Yousif Capital Management LLC increased its holdings in shares of Kaiser Aluminum by 0.8% in the 1st quarter. Yousif Capital Management LLC now owns 14,503 shares of the industrial products company’s stock valued at $1,366,000 after acquiring an additional 120 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Kaiser Aluminum by 2.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,510 shares of the industrial products company’s stock worth $466,000 after purchasing an additional 133 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Kaiser Aluminum by 1.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 14,136 shares of the industrial products company’s stock worth $1,363,000 after purchasing an additional 166 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Kaiser Aluminum by 2.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,261 shares of the industrial products company’s stock worth $468,000 after purchasing an additional 173 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Kaiser Aluminum by 16.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,388 shares of the industrial products company’s stock worth $104,000 after purchasing an additional 196 shares in the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Kaiser Aluminum Stock Performance

Shares of KALU opened at $89.96 on Thursday. The stock has a 50-day moving average of $78.50 and a two-hundred day moving average of $69.04. Kaiser Aluminum Co. has a one year low of $53.67 and a one year high of $95.56. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.39 and a current ratio of 2.68. The stock has a market cap 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 EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.94. Kaiser Aluminum had a return on equity of 8.32% and a net margin of 1.53%. The company had revenue of $722.00 million during the quarter, compared to analysts’ expectations of $716.01 million. During the same quarter in the previous year, the firm posted ($1.66) EPS. The firm’s revenue was down 7.0% compared to the same quarter last year. As a group, research analysts predict that Kaiser Aluminum Co. will post 3.65 EPS for the current year.

Kaiser Aluminum Dividend Announcement

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

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.