Fisher Asset Management LLC Sells 16,289 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

Fisher Asset Management LLC lessened its stake in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 9.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 147,421 shares of the industrial products company’s stock after selling 16,289 shares during the period. Fisher Asset Management LLC’s holdings in Kaiser Aluminum were worth $10,495,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. grew its holdings in Kaiser Aluminum by 5.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,318,145 shares of the industrial products company’s stock valued at $93,839,000 after buying an additional 68,987 shares in the last quarter. Headlands Technologies LLC grew its holdings in shares of Kaiser Aluminum by 131.8% in the fourth quarter. Headlands Technologies LLC now owns 1,544 shares of the industrial products company’s stock valued at $110,000 after purchasing an additional 878 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in Kaiser Aluminum during the fourth quarter valued at $570,000. New York State Teachers Retirement System raised its stake in 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 purchasing an additional 500 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Kaiser Aluminum during the 4th quarter valued at about $51,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Stock Performance

Shares of Kaiser Aluminum stock opened at $97.79 on Tuesday. Kaiser Aluminum Co. has a 52 week low of $53.67 and a 52 week high of $99.46. The company has a market capitalization of $1.57 billion, a PE ratio of 28.43 and a beta of 1.37. The stock’s fifty day moving average is $85.15 and its two-hundred day moving average is $71.16. The company has a quick ratio of 1.43, a current ratio of 2.66 and a debt-to-equity ratio of 1.56.

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

Kaiser Aluminum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors 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 3.15%. Kaiser Aluminum’s dividend payout ratio (DPR) is currently 89.53%.

Analyst Ratings Changes

KALU has been the subject of several recent research reports. UBS Group initiated coverage on Kaiser Aluminum in a research report on Tuesday, January 16th. They issued a “neutral” rating and a $67.00 price target for the company. JPMorgan Chase & Co. boosted their target price on Kaiser Aluminum from $68.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. Finally, Benchmark reaffirmed a “buy” rating and set a $84.00 price objective on shares of Kaiser Aluminum in a research note on Friday, April 19th. Three 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, Kaiser Aluminum has an average rating of “Hold” and an average target price of $77.00.

About Kaiser Aluminum

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.