American Century Companies Inc. Acquires 49,948 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

American Century Companies Inc. boosted its holdings in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 12.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 447,723 shares of the industrial products company’s stock after purchasing an additional 49,948 shares during the quarter. American Century Companies Inc. owned about 2.78% of Kaiser Aluminum worth $31,461,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC purchased a new stake in Kaiser Aluminum during the 4th quarter valued at approximately $3,878,000. Barclays PLC grew its stake in Kaiser Aluminum by 101.3% during the third quarter. Barclays PLC now owns 27,454 shares of the industrial products company’s stock valued at $1,991,000 after acquiring an additional 13,813 shares in the last quarter. Amundi grew its stake in Kaiser Aluminum by 196.0% during the fourth 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 in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Kaiser Aluminum by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 294,502 shares of the industrial products company’s stock valued at $21,357,000 after acquiring an additional 7,644 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in 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 worth $6,119,000 after purchasing an additional 5,287 shares in the last quarter. Institutional investors own 99.29% of the company’s stock.

Analysts Set New Price Targets

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

Kaiser Aluminum Trading Down 4.3 %

KALU opened at $62.09 on Friday. The stock has a 50-day moving average of $69.93 and a 200 day moving average of $72.95. Kaiser Aluminum Co. has a 12 month low of $61.62 and a 12 month high of $102.42. The firm has a market cap of $999.65 million, a P/E ratio of 21.63 and a beta of 1.37. 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 released its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.30). The firm had revenue of $765.40 million for the quarter, compared to analysts’ expectations of $752.00 million. Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. During the same period in the prior year, the firm posted $0.60 earnings per share. As a group, research analysts forecast that Kaiser Aluminum Co. will post 5.14 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 24th were paid a $0.77 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $3.08 dividend on an annualized basis and a yield of 4.96%. Kaiser Aluminum’s payout ratio is 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.