Advisors Asset Management Inc. Has $2.48 Million Holdings in Kaiser Aluminum Co. (NASDAQ:KALU)

Advisors Asset Management Inc. boosted its stake in Kaiser Aluminum Co. (NASDAQ:KALU) by 75.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,237 shares of the industrial products company’s stock after purchasing an additional 15,150 shares during the quarter. Advisors Asset Management Inc. owned about 0.22% of Kaiser Aluminum worth $2,476,000 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 stock. New York State Teachers Retirement System raised its stake in Kaiser Aluminum by 6.2% in the fourth quarter. New York State Teachers Retirement System now owns 6,879 shares of the industrial products company’s stock valued at $483,000 after purchasing an additional 400 shares in the last quarter. KBC Group NV raised its stake in Kaiser Aluminum by 93.0% in the fourth quarter. KBC Group NV now owns 851 shares of the industrial products company’s stock valued at $60,000 after purchasing an additional 410 shares in the last quarter. AlphaQuest LLC raised its stake in Kaiser Aluminum by 497.2% in the fourth quarter. AlphaQuest LLC now owns 651 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 542 shares in the last quarter. Point72 DIFC Ltd acquired a new position in Kaiser Aluminum in the third quarter valued at about $41,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in Kaiser Aluminum by 20.2% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,597 shares of the industrial products company’s stock worth $261,000 after acquiring an additional 605 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Kaiser Aluminum from a “hold” rating to a “sell” rating in a research note on Saturday, March 15th.

Kaiser Aluminum Stock Down 4.1 %

Shares of NASDAQ KALU opened at $66.28 on Friday. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 23.09 and a beta of 1.37. Kaiser Aluminum Co. has a 12 month low of $63.44 and a 12 month high of $102.42. The stock has a 50-day moving average price of $70.72 and a two-hundred day moving average price of $73.07.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.30). The firm had revenue of $765.40 million for the quarter, compared to the consensus estimate of $752.00 million. Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. During the same quarter last year, the firm posted $0.60 earnings per share. As a group, analysts forecast that Kaiser Aluminum Co. will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 24th were issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 4.65%. The ex-dividend date was Friday, January 24th. Kaiser Aluminum’s dividend payout ratio (DPR) is currently 107.32%.

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.