Kaiser Aluminum Co. (NASDAQ:KALU) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its position in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 9.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,932 shares of the industrial products company’s stock after selling 865 shares during the quarter. Yousif Capital Management LLC’s holdings in Kaiser Aluminum were worth $565,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in shares of Kaiser Aluminum in the 4th quarter valued at $51,000. Allspring Global Investments Holdings LLC increased its stake in shares of Kaiser Aluminum by 16.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,388 shares of the industrial products company’s stock valued at $104,000 after purchasing an additional 196 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Kaiser Aluminum by 50.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,756 shares of the industrial products company’s stock worth $207,000 after purchasing an additional 921 shares during the period. New York State Teachers Retirement System grew its holdings in Kaiser Aluminum by 11.3% in the fourth quarter. New York State Teachers Retirement System now owns 4,927 shares of the industrial products company’s stock valued at $351,000 after purchasing an additional 500 shares during the period. Finally, Keybank National Association OH increased its position in shares of Kaiser Aluminum by 8.3% in the third quarter. Keybank National Association OH now owns 6,383 shares of the industrial products company’s stock valued at $480,000 after buying an additional 491 shares in the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Benchmark reiterated a “buy” rating and issued a $84.00 target price on shares of Kaiser Aluminum in a research report on Friday, April 19th. JPMorgan Chase & Co. upped their target price on shares of Kaiser Aluminum from $68.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Finally, UBS Group started coverage on shares of Kaiser Aluminum in a research report on Tuesday, January 16th. They issued a “neutral” rating and a $67.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $77.00.

Kaiser Aluminum Stock Up 1.9 %

NASDAQ KALU opened at $96.11 on Monday. The company has a quick ratio of 1.43, a current ratio of 2.66 and a debt-to-equity ratio of 1.56. The business’s fifty day simple moving average is $84.64 and its 200-day simple moving average is $70.91. Kaiser Aluminum Co. has a 52 week low of $53.67 and a 52 week high of $96.47. The firm has a market cap of $1.54 billion, a PE ratio of 27.94 and a beta of 1.37.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.44. The business had revenue of $738.00 million during the quarter, compared to the consensus estimate of $733.34 million. Kaiser Aluminum had a net margin of 1.85% and a return on equity of 8.40%. The business’s revenue was down 8.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 EPS. As a group, equities analysts anticipate that Kaiser Aluminum Co. will post 4.12 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 25th will be issued a $0.77 dividend. The ex-dividend date is Wednesday, April 24th. This represents a $3.08 annualized dividend and a yield of 3.20%. Kaiser Aluminum’s dividend payout ratio (DPR) is currently 89.53%.

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.