Northern Trust Corp Sells 7,091 Shares of Kaiser Aluminum Corporation $KALU

Northern Trust Corp decreased its position in Kaiser Aluminum Corporation (NASDAQ:KALU) by 3.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 191,110 shares of the industrial products company’s stock after selling 7,091 shares during the quarter. Northern Trust Corp owned approximately 1.18% of Kaiser Aluminum worth $11,585,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in KALU. Tower Research Capital LLC TRC raised its holdings in Kaiser Aluminum by 325.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,768 shares of the industrial products company’s stock worth $124,000 after purchasing an additional 1,352 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Kaiser Aluminum by 9.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,976 shares of the industrial products company’s stock worth $772,000 after purchasing an additional 943 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new position in Kaiser Aluminum in the fourth quarter worth $552,000. Jane Street Group LLC increased its holdings in shares of Kaiser Aluminum by 44.2% during the fourth quarter. Jane Street Group LLC now owns 13,030 shares of the industrial products company’s stock valued at $916,000 after acquiring an additional 3,991 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Kaiser Aluminum during the fourth quarter valued at $816,000. Institutional investors own 99.29% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KALU. Wall Street Zen upgraded Kaiser Aluminum from a “hold” rating to a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. raised their price target on Kaiser Aluminum from $64.00 to $82.00 and gave the company a “neutral” rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $78.00.

Kaiser Aluminum Price Performance

NASDAQ KALU opened at $75.84 on Friday. Kaiser Aluminum Corporation has a one year low of $46.81 and a one year high of $97.00. The stock has a 50-day moving average of $80.72 and a 200 day moving average of $72.12. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 19.50 and a beta of 1.54. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.30 and a current ratio of 2.70.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $1.21 EPS for the quarter, topping the consensus estimate of $0.49 by $0.72. Kaiser Aluminum had a return on equity of 8.03% and a net margin of 2.05%.The company had revenue of $823.10 million during the quarter, compared to the consensus estimate of $786.70 million. On average, sell-side analysts forecast that Kaiser Aluminum Corporation will post 5.14 EPS for the current year.

Kaiser Aluminum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 25th were issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 4.1%. The ex-dividend date was Friday, July 25th. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 79.18%.

Kaiser Aluminum 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.