Massachusetts Financial Services Co. MA Cuts Stock Position in Kaiser Aluminum Co. (NASDAQ:KALU)

Massachusetts Financial Services Co. MA lessened its stake in shares of Kaiser Aluminum Co. (NASDAQ:KALUFree Report) by 17.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 199,104 shares of the industrial products company’s stock after selling 41,383 shares during the period. Massachusetts Financial Services Co. MA owned 1.24% of Kaiser Aluminum worth $14,174,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of Kaiser Aluminum in the fourth quarter worth approximately $51,000. Allspring Global Investments Holdings LLC boosted its stake in Kaiser Aluminum by 16.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,388 shares of the industrial products company’s stock worth $104,000 after purchasing an additional 196 shares during the last quarter. Headlands Technologies LLC grew its holdings in shares of Kaiser Aluminum by 131.8% during the fourth quarter. Headlands Technologies LLC now owns 1,544 shares of the industrial products company’s stock worth $110,000 after buying an additional 878 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Kaiser Aluminum by 50.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,756 shares of the industrial products company’s stock valued at $207,000 after buying an additional 921 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its stake in shares of 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 worth $351,000 after buying an additional 500 shares in the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on KALU shares. Benchmark reiterated a “buy” rating and issued a $84.00 price objective on shares of Kaiser Aluminum in a report on Friday, April 19th. JPMorgan Chase & Co. increased their price target on Kaiser Aluminum from $68.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Kaiser Aluminum has an average rating of “Hold” and a consensus price target of $77.00.

Check Out Our Latest Stock Report on Kaiser Aluminum

Kaiser Aluminum Price Performance

Shares of KALU stock opened at $100.98 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.66 and a quick ratio of 1.43. The company has a market capitalization of $1.62 billion, a PE ratio of 29.35 and a beta of 1.37. The firm’s 50-day moving average is $89.90 and its two-hundred day moving average is $73.53. Kaiser Aluminum Co. has a 12 month low of $53.67 and a 12 month high of $102.26.

Kaiser Aluminum (NASDAQ:KALUGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.58 by $0.44. The firm had revenue of $738.00 million for the quarter, compared to analyst estimates 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 for the quarter was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.99 EPS. Analysts predict 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 was paid on Wednesday, May 15th. Investors of record on Thursday, April 25th were issued a $0.77 dividend. The ex-dividend date was Wednesday, April 24th. This represents a $3.08 annualized dividend and a yield of 3.05%. Kaiser Aluminum’s dividend payout ratio (DPR) is currently 89.53%.

About Kaiser Aluminum

(Free Report)

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.

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Institutional Ownership by Quarter for Kaiser Aluminum (NASDAQ:KALU)

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