Price T Rowe Associates Inc. MD Has $772,000 Stock Position in Kaiser Aluminum Co. (NASDAQ:KALU)

Price T Rowe Associates Inc. MD grew its holdings in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 9.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,976 shares of the industrial products company’s stock after acquiring an additional 943 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Kaiser Aluminum were worth $772,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in shares of Kaiser Aluminum by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 790,046 shares of the industrial products company’s stock worth $55,517,000 after purchasing an additional 14,296 shares during the last quarter. American Century Companies Inc. lifted its holdings in Kaiser Aluminum by 12.6% during the 4th quarter. American Century Companies Inc. now owns 447,723 shares of the industrial products company’s stock worth $31,461,000 after buying an additional 49,948 shares during the period. Wellington Management Group LLP lifted its holdings in Kaiser Aluminum by 103.6% during the 4th quarter. Wellington Management Group LLP now owns 431,980 shares of the industrial products company’s stock worth $30,355,000 after buying an additional 219,827 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Kaiser Aluminum by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 298,318 shares of the industrial products company’s stock valued at $20,963,000 after buying an additional 3,816 shares during the last quarter. Finally, Tributary Capital Management LLC increased its stake in shares of Kaiser Aluminum by 9.3% in the fourth quarter. Tributary Capital Management LLC now owns 269,315 shares of the industrial products company’s stock valued at $18,925,000 after buying an additional 22,839 shares during the period. Institutional investors and hedge funds own 99.29% of the company’s stock.

Wall Street Analysts Forecast Growth

KALU has been the topic of several analyst reports. Benchmark reduced their target price on Kaiser Aluminum from $100.00 to $74.00 and set a “buy” rating on the stock in a report on Monday, April 21st. JPMorgan Chase & Co. increased their price objective on shares of Kaiser Aluminum from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Monday, April 28th. Wolfe Research upgraded shares of Kaiser Aluminum from an “underperform” rating to a “peer perform” rating in a report on Friday, April 11th. Finally, StockNews.com raised shares of Kaiser Aluminum from a “sell” rating to a “hold” rating in a research report on Friday, April 18th.

Kaiser Aluminum Trading Down 1.1%

Shares of KALU stock opened at $67.66 on Monday. Kaiser Aluminum Co. has a fifty-two week low of $46.81 and a fifty-two week high of $102.42. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.44. The stock has a 50 day simple moving average of $62.05 and a two-hundred day simple moving average of $70.27. The company has a market cap of $1.09 billion, a P/E ratio of 23.57 and a beta of 1.40.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.91. Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. The company had revenue of $777.40 million during the quarter, compared to analyst estimates of $788.00 million. During the same quarter in the previous year, the business posted $1.02 EPS. Kaiser Aluminum’s revenue for the quarter was up 5.3% compared to the same quarter last year. Research analysts forecast that Kaiser Aluminum Co. will post 5.14 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 25th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 4.55%. The ex-dividend date of this dividend is Friday, April 25th. Kaiser Aluminum’s dividend payout ratio (DPR) is currently 115.36%.

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.