Millennium Management LLC Sells 162 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

Millennium Management LLC decreased its stake in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,484 shares of the industrial products company’s stock after selling 162 shares during the quarter. Millennium Management LLC’s holdings in Kaiser Aluminum were worth $456,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KALU. Wellington Management Group LLP lifted 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 valued at $30,355,000 after buying an additional 219,827 shares in the last quarter. Bridgeway Capital Management LLC bought a new stake in Kaiser Aluminum during the 4th quarter valued at about $4,581,000. Empowered Funds LLC bought a new stake in shares of Kaiser Aluminum in the 4th quarter valued at about $3,878,000. Crestline Management LP bought a new stake in shares of Kaiser Aluminum in the 4th quarter valued at about $3,558,000. Finally, American Century Companies Inc. raised its holdings in shares of Kaiser Aluminum by 12.6% in the 4th quarter. American Century Companies Inc. now owns 447,723 shares of the industrial products company’s stock valued at $31,461,000 after purchasing an additional 49,948 shares in the last quarter. Institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Trading Up 1.0%

NASDAQ KALU opened at $78.99 on Tuesday. 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 firm has a market cap of $1.28 billion, a PE ratio of 27.52 and a beta of 1.43. The company has a 50 day moving average price of $64.89 and a 200 day moving average price of $69.35. Kaiser Aluminum Co. has a 52 week low of $46.81 and a 52 week high of $100.07.

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

Kaiser Aluminum Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Friday, April 25th were paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, April 25th. This represents a $3.08 annualized dividend and a dividend yield of 3.90%. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 115.36%.

Wall Street Analysts Forecast Growth

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

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.