Yousif Capital Management LLC Sells 865 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

Yousif Capital Management LLC trimmed its stake in Kaiser Aluminum Co. (NASDAQ:KALU) by 9.8% during the 4th quarter, Holdings Channel reports. The firm owned 7,932 shares of the industrial products company’s stock after selling 865 shares during the quarter. Yousif Capital Management LLC’s holdings in Kaiser Aluminum were worth $565,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Louisiana State Employees Retirement System bought a new position in Kaiser Aluminum during the fourth quarter valued at approximately $570,000. New York State Teachers Retirement System raised its holdings in shares of Kaiser Aluminum by 11.3% during the fourth quarter. New York State Teachers Retirement System now owns 4,927 shares of the industrial products company’s stock valued at $351,000 after acquiring an additional 500 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Kaiser Aluminum in the fourth quarter valued at $51,000. Trust Point Inc. bought a new position in Kaiser Aluminum in the 4th quarter worth $526,000. Finally, ARK Investment Management LLC lifted its position in shares of Kaiser Aluminum by 10.1% in the 4th quarter. ARK Investment Management LLC now owns 31,730 shares of the industrial products company’s stock worth $2,259,000 after purchasing an additional 2,922 shares during the period. 99.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KALU. UBS Group began coverage on Kaiser Aluminum in a report on Tuesday, January 16th. They issued a “neutral” rating and a $67.00 price objective for the company. JPMorgan Chase & Co. increased their price target on shares of Kaiser Aluminum from $68.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. Finally, Benchmark reaffirmed a “buy” rating and issued a $84.00 price objective on shares of Kaiser Aluminum in a research report on Friday, April 19th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $77.00.

Kaiser Aluminum Trading Up 1.9 %

Shares of KALU stock opened at $96.11 on Monday. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.66 and a quick ratio of 1.43. The firm has a fifty day moving average price of $84.64 and a 200-day moving average price of $70.91. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 27.94 and a beta of 1.37. Kaiser Aluminum Co. has a 1 year low of $53.67 and a 1 year high of $96.47.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.44. Kaiser Aluminum had a return on equity of 8.40% and a net margin of 1.85%. The business had revenue of $738.00 million during the quarter, compared to analyst estimates of $733.34 million. During the same quarter in the prior year, the business posted $0.99 EPS. Kaiser Aluminum’s revenue for the quarter was down 8.7% compared to the same quarter last year. As a group, equities analysts predict that Kaiser Aluminum Co. will post 4.12 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 25th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Wednesday, April 24th. Kaiser Aluminum’s payout ratio is 89.53%.

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.