UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 2,903 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 7.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,887 shares of the industrial products company’s stock after acquiring an additional 2,903 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.25% of Kaiser Aluminum worth $2,873,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in shares of Kaiser Aluminum by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 790,046 shares of the industrial products company’s stock worth $55,517,000 after purchasing an additional 14,296 shares during the last quarter. American Century Companies Inc. boosted its position in Kaiser Aluminum by 12.6% during the 4th quarter. American Century Companies Inc. now owns 447,723 shares of the industrial products company’s stock worth $31,461,000 after buying an additional 49,948 shares during the period. Wellington Management Group LLP grew its holdings in Kaiser Aluminum by 103.6% during the 4th quarter. Wellington Management Group LLP now owns 431,980 shares of the industrial products company’s stock worth $30,355,000 after acquiring an additional 219,827 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Kaiser Aluminum by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 298,318 shares of the industrial products company’s stock worth $20,963,000 after acquiring an additional 3,816 shares during the last quarter. Finally, Systematic Financial Management LP grew its holdings in Kaiser Aluminum by 8.6% during the 4th quarter. Systematic Financial Management LP now owns 255,180 shares of the industrial products company’s stock worth $17,931,000 after acquiring an additional 20,263 shares during the last quarter. Institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Price Performance

Shares of NASDAQ KALU opened at $77.58 on Friday. The firm has a market capitalization of $1.25 billion, a P/E ratio of 27.03 and a beta of 1.40. The firm’s 50-day moving average price is $64.14 and its 200-day moving average price is $69.53. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. Kaiser Aluminum Co. has a 1-year low of $46.81 and a 1-year high of $100.07.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $1.44 EPS for the quarter, beating the consensus estimate of $0.53 by $0.91. Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. The firm had revenue of $777.40 million during the quarter, compared to the consensus estimate of $788.00 million. During the same quarter in the previous year, the company posted $1.02 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis. Equities research analysts anticipate that Kaiser Aluminum Co. will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Friday, April 25th were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date was Friday, April 25th. Kaiser Aluminum’s dividend payout ratio (DPR) is 115.36%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on KALU. Wolfe Research raised shares of Kaiser Aluminum from an “underperform” rating to a “peer perform” rating in a research note on Friday, April 11th. Wall Street Zen lowered Kaiser Aluminum from a “buy” rating to a “hold” rating in a research report on Saturday, May 24th. Benchmark decreased their price target on Kaiser Aluminum from $100.00 to $74.00 and set a “buy” rating for the company in a research note on Monday, April 21st. Finally, JPMorgan Chase & Co. lifted their price objective on Kaiser Aluminum from $62.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, April 28th.

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.