Kaiser Aluminum Corporation (NASDAQ:KALU) Stock Holdings Lowered by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its position in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 2.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 6,344 shares of the industrial products company’s stock after selling 191 shares during the period. Nisa Investment Advisors LLC’s holdings in Kaiser Aluminum were worth $385,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in Kaiser Aluminum by 1.8% in 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 period. American Century Companies Inc. lifted its holdings in Kaiser Aluminum by 12.6% in the fourth quarter. American Century Companies Inc. now owns 447,723 shares of the industrial products company’s stock worth $31,461,000 after purchasing an additional 49,948 shares during the period. Wellington Management Group LLP lifted its holdings in Kaiser Aluminum by 103.6% in the fourth quarter. Wellington Management Group LLP now owns 431,980 shares of the industrial products company’s stock worth $30,355,000 after purchasing an additional 219,827 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Kaiser Aluminum by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 298,318 shares of the industrial products company’s stock worth $20,963,000 after purchasing an additional 3,816 shares during the period. Finally, Systematic Financial Management LP lifted its holdings in Kaiser Aluminum by 8.6% in the fourth quarter. Systematic Financial Management LP now owns 255,180 shares of the industrial products company’s stock worth $17,931,000 after purchasing an additional 20,263 shares during the period. Institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Price Performance

KALU stock opened at $88.34 on Thursday. The company has a current ratio of 2.67, a quick ratio of 1.27 and a debt-to-equity ratio of 1.38. Kaiser Aluminum Corporation has a one year low of $46.81 and a one year high of $100.07. The firm has a market capitalization of $1.43 billion, a PE ratio of 33.09 and a beta of 1.44. The firm has a 50-day moving average of $77.46 and a two-hundred day moving average of $70.25.

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, beating analysts’ consensus estimates of $0.53 by $0.91. Kaiser Aluminum had a net margin of 1.43% and a return on equity of 7.02%. The company had revenue of $777.40 million during the quarter, compared to analyst estimates of $788.00 million. During the same period in the prior year, the firm earned $1.02 earnings per share. The business’s quarterly revenue was up 5.3% on a year-over-year basis. On average, analysts forecast that Kaiser Aluminum Corporation will post 5.14 earnings per share for the current year.

Kaiser Aluminum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 25th will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Friday, July 25th. Kaiser Aluminum’s dividend payout ratio (DPR) is 115.36%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Benchmark cut 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. JPMorgan Chase & Co. upped 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. Wolfe Research raised shares of Kaiser Aluminum from an “underperform” rating to a “peer perform” rating in a report on Friday, April 11th. Finally, Wall Street Zen raised shares of Kaiser Aluminum from a “hold” rating to a “buy” rating in a report on Saturday, June 14th.

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.