6 days Ago By ABMN Staff
Franklin Resources Inc. decreased its holdings in Kaiser Aluminum Co. ( NASDAQ:KALU – Free Report ) by 2.
3% in the 4th quarter, Holdings Channel.com reports. The firm owned 18,017 shares of the industrial products company’s stock after selling 423 shares during the period.
Franklin Resources Inc.’s holdings in Kaiser Aluminum were worth $1,266,000 as of its most recent filing with the Securities & Exchange Commission. Several other hedge funds and other institutional investors also recently modified their holdings of KALU.
AlphaQuest LLC grew its stake in Kaiser Aluminum by 497.2% in the 4th quarter. AlphaQuest LLC now owns 651 shares of the industrial products company’s stock valued at $46,000 after buying an additional 542 shares in the last quarter.
Jones Financial Companies Lllp bought a new position in shares of Kaiser Aluminum in the fourth quarter worth $52,000. KBC Group NV grew its position in shares of Kaiser Aluminum by 93.0% in the fourth quarter.
KBC Group NV now owns 851 shares of the industrial products company’s stock valued at $60,000 after purchasing an additional 410 shares in the last quarter. HighTower Advisors LLC purchased a new position in shares of Kaiser Aluminum in the fourth quarter valued at $213,000. Finally, Virtu Financial LLC bought a new stake in shares of Kaiser Aluminum during the 3rd quarter valued at $217,000.
Institutional investors own 99.29% of the company’s stock. Analysts Set New Price Targets KALU has been the subject of several analyst reports.
StockNews.com downgraded Kaiser Aluminum from a “hold” rating to a “sell” rating in a research note on Thursday, April 10th. Wolfe Research raised shares of Kaiser Aluminum from an “underperform” rating to a “peer perform” rating in a research note on Friday.
Kaiser Aluminum Trading Down 0.9 % Kaiser Aluminum stock opened at $55.02 on Tuesday.
The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.
44. Kaiser Aluminum Co. has a fifty-two week low of $46.
81 and a fifty-two week high of $102.42. The stock has a market cap of $885.
82 million, a P/E ratio of 19.17 and a beta of 1.32.
The firm’s fifty day moving average price is $65.57 and its 200-day moving average price is $71.54.
Kaiser Aluminum ( NASDAQ:KALU – Get Free Report ) last announced its earnings results on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.
63 by ($0.30). The business had revenue of $765.
40 million during the quarter, compared to the consensus estimate of $752.00 million. Kaiser Aluminum had a return on equity of 6.
25% and a net margin of 1.55%. During the same quarter in the prior year, the company earned $0.
60 earnings per share. Equities research analysts forecast that Kaiser Aluminum Co. will post 5.
14 earnings per share for the current fiscal year. 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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