LPL Financial LLC Has $1.13 Million Stock Holdings in Kaiser Aluminum Co. (NASDAQ:KALU)

LPL Financial LLC raised its holdings in Kaiser Aluminum Co. (NASDAQ:KALU) by 54.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 16,135 shares of the industrial products company’s stock after acquiring an additional 5,661 shares during the quarter. LPL Financial LLC owned approximately 0.10% of Kaiser Aluminum worth $1,134,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. AlphaQuest LLC grew its position in shares of Kaiser Aluminum by 497.2% during the 4th quarter. AlphaQuest LLC now owns 651 shares of the industrial products company’s stock worth $46,000 after buying an additional 542 shares during the period. Jones Financial Companies Lllp purchased a new position in Kaiser Aluminum in the fourth quarter valued at approximately $52,000. 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 acquiring an additional 410 shares during the period. HighTower Advisors LLC purchased a new position in Kaiser Aluminum in the 4th quarter valued at approximately $213,000. Finally, Virtu Financial LLC bought a new position in Kaiser Aluminum in the 3rd quarter worth about $217,000. Institutional investors and hedge funds own 99.29% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on KALU shares. StockNews.com raised Kaiser Aluminum from a “sell” rating to a “hold” rating in a report on Friday. Wolfe Research raised Kaiser Aluminum from an “underperform” rating to a “peer perform” rating in a research note on Friday, April 11th.

Kaiser Aluminum Stock Performance

Kaiser Aluminum stock opened at $53.86 on Friday. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 1.56. The stock’s 50 day moving average is $64.14 and its 200 day moving average is $71.04. Kaiser Aluminum Co. has a twelve month low of $46.81 and a twelve month high of $102.42. The company has a market capitalization of $867.15 million, a P/E ratio of 18.77 and a beta of 1.32.

Kaiser Aluminum (NASDAQ:KALU) last issued its earnings results on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.30). The business had revenue of $765.40 million during the quarter, compared to analysts’ expectations of $752.00 million. Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. During the same period last year, the firm posted $0.60 EPS. On average, equities research analysts predict that Kaiser Aluminum Co. will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 25th will be issued a $0.77 dividend. The ex-dividend date of this dividend is Friday, April 25th. This represents a $3.08 dividend on an annualized basis and a yield of 5.72%. Kaiser Aluminum’s dividend payout ratio is currently 107.32%.

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.