New York State Teachers Retirement System Purchases 400 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

New York State Teachers Retirement System raised its position in Kaiser Aluminum Co. (NASDAQ:KALU) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,879 shares of the industrial products company’s stock after purchasing an additional 400 shares during the period. New York State Teachers Retirement System’s holdings in Kaiser Aluminum were worth $483,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Empowered Funds LLC acquired a new position in shares of Kaiser Aluminum in the fourth quarter valued at approximately $3,878,000. Stephens Inc. AR acquired a new position in shares of Kaiser Aluminum in the fourth quarter valued at approximately $3,150,000. Systematic Financial Management LP boosted its holdings in shares of Kaiser Aluminum by 12.2% in the third quarter. Systematic Financial Management LP now owns 234,917 shares of the industrial products company’s stock valued at $17,036,000 after buying an additional 25,494 shares during the period. Intech Investment Management LLC boosted its holdings in shares of Kaiser Aluminum by 578.6% in the third quarter. Intech Investment Management LLC now owns 28,991 shares of the industrial products company’s stock valued at $2,102,000 after buying an additional 24,719 shares during the period. Finally, NFJ Investment Group LLC boosted its holdings in shares of Kaiser Aluminum by 20.8% in the third quarter. NFJ Investment Group LLC now owns 137,856 shares of the industrial products company’s stock valued at $9,997,000 after buying an additional 23,771 shares during the period. Institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Stock Performance

Shares of KALU opened at $69.44 on Tuesday. 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 firm has a fifty day simple moving average of $71.25 and a 200 day simple moving average of $73.43. Kaiser Aluminum Co. has a 12 month low of $63.44 and a 12 month high of $102.42. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 24.20 and a beta of 1.34.

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

Kaiser Aluminum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 24th were given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 4.44%. The ex-dividend date was Friday, January 24th. Kaiser Aluminum’s dividend payout ratio (DPR) is currently 107.32%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Kaiser Aluminum from a “hold” rating to a “sell” rating in a report on Friday.

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.