Prudential Financial Inc. Sells 3,623 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

Prudential Financial Inc. trimmed its holdings in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 18.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,903 shares of the industrial products company’s stock after selling 3,623 shares during the period. Prudential Financial Inc. owned 0.10% of Kaiser Aluminum worth $1,118,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of KALU. Empowered Funds LLC acquired a new position in shares of Kaiser Aluminum in the 4th quarter valued at $3,878,000. American Century Companies Inc. lifted its stake in Kaiser Aluminum by 12.6% in the fourth quarter. American Century Companies Inc. now owns 447,723 shares of the industrial products company’s stock valued at $31,461,000 after buying an additional 49,948 shares during the period. Barclays PLC boosted its holdings in Kaiser Aluminum by 101.3% during the third quarter. Barclays PLC now owns 27,454 shares of the industrial products company’s stock worth $1,991,000 after buying an additional 13,813 shares during the last quarter. Amundi raised its position in shares of Kaiser Aluminum by 196.0% in the 4th quarter. Amundi now owns 8,934 shares of the industrial products company’s stock valued at $629,000 after acquiring an additional 5,916 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Kaiser Aluminum by 6.7% in the 3rd quarter. Principal Financial Group Inc. now owns 84,370 shares of the industrial products company’s stock valued at $6,119,000 after acquiring an additional 5,287 shares during the period. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Kaiser Aluminum from a “sell” rating to a “hold” rating in a report on Sunday, March 23rd.

Kaiser Aluminum Stock Performance

KALU stock opened at $50.75 on Monday. Kaiser Aluminum Co. has a 1-year low of $46.81 and a 1-year high of $102.42. The business’s 50-day moving average price is $68.36 and its two-hundred day moving average price is $72.59. The firm has a market cap of $817.08 million, a PE ratio of 17.68 and a beta of 1.32. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56.

Kaiser Aluminum (NASDAQ:KALU) last posted its earnings results on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.30). Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. The business had revenue of $765.40 million for the quarter, compared to the consensus estimate of $752.00 million. During the same period in the previous year, the company posted $0.60 earnings per share. As a group, 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 disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 24th were given a $0.77 dividend. The ex-dividend date was Friday, January 24th. This represents a $3.08 annualized dividend and a yield of 6.07%. Kaiser Aluminum’s dividend payout ratio is currently 107.32%.

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.