Cwm LLC Decreases Stake in Kaiser Aluminum Corporation (NASDAQ:KALU)

Cwm LLC reduced its stake in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 47.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 684 shares of the industrial products company’s stock after selling 630 shares during the period. Cwm LLC’s holdings in Kaiser Aluminum were worth $41,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in KALU. Aquatic Capital Management LLC boosted its position in shares of Kaiser Aluminum by 87.1% in the 4th quarter. Aquatic Capital Management LLC now owns 1,684 shares of the industrial products company’s stock worth $118,000 after buying an additional 784 shares in the last quarter. McIlrath & Eck LLC purchased a new stake in shares of Kaiser Aluminum in the 4th quarter worth about $121,000. Tower Research Capital LLC TRC boosted its position in shares of Kaiser Aluminum by 325.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,768 shares of the industrial products company’s stock worth $124,000 after buying an additional 1,352 shares in the last quarter. Snowden Capital Advisors LLC purchased a new stake in shares of Kaiser Aluminum in the 4th quarter worth about $205,000. Finally, Avidian Wealth Enterprises LLC boosted its position in shares of Kaiser Aluminum by 15.8% in the 1st quarter. Avidian Wealth Enterprises LLC now owns 4,118 shares of the industrial products company’s stock worth $250,000 after buying an additional 561 shares in the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on KALU. Wall Street Zen raised shares of Kaiser Aluminum from a “hold” rating to a “buy” rating in a research note on Saturday, June 14th. Wolfe Research raised shares of Kaiser Aluminum from an “underperform” rating to a “peer perform” rating in a research note on Friday, April 11th. Benchmark reduced their price objective on shares of Kaiser Aluminum from $100.00 to $74.00 and set a “buy” rating on the stock in a research note on Monday, April 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Kaiser Aluminum from $64.00 to $82.00 and gave the company a “neutral” rating in a research note on Monday, July 28th.

Kaiser Aluminum Trading Down 4.5%

NASDAQ KALU opened at $73.85 on Monday. Kaiser Aluminum Corporation has a 12 month low of $46.81 and a 12 month high of $97.00. The company has a 50-day moving average of $80.84 and a 200-day moving average of $71.40. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.70 and a quick ratio of 1.30. The company has a market cap of $1.19 billion, a P/E ratio of 18.98 and a beta of 1.51.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.72. Kaiser Aluminum had a net margin of 2.05% and a return on equity of 8.03%. The company had revenue of $823.10 million during the quarter, compared to the consensus estimate of $786.70 million. As a group, equities analysts predict that Kaiser Aluminum Corporation will post 5.14 earnings per share for the current year.

Kaiser Aluminum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 25th will be issued a $0.77 dividend. The ex-dividend date is Friday, July 25th. This represents a $3.08 dividend on an annualized basis and a yield of 4.2%. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 79.18%.

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.