Central Pacific Bank Trust Division Purchases Shares of 5,368 Kaiser Aluminum Co. (NASDAQ:KALU)

Central Pacific Bank Trust Division purchased a new stake in shares of Kaiser Aluminum Co. (NASDAQ:KALU) during the 1st quarter, HoldingsChannel reports. The firm purchased 5,368 shares of the industrial products company’s stock, valued at approximately $476,000.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Kaiser Aluminum by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 1,887,751 shares of the industrial products company’s stock valued at $134,389,000 after purchasing an additional 10,676 shares during the last quarter. Victory Capital Management Inc. grew its stake in Kaiser Aluminum by 5.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,318,145 shares of the industrial products company’s stock valued at $93,839,000 after purchasing an additional 68,987 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Kaiser Aluminum by 5.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 272,900 shares of the industrial products company’s stock valued at $19,428,000 after purchasing an additional 13,593 shares during the last quarter. Tributary Capital Management LLC boosted its stake in shares of Kaiser Aluminum by 23.6% in the first quarter. Tributary Capital Management LLC now owns 271,120 shares of the industrial products company’s stock worth $24,227,000 after buying an additional 51,834 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in shares of Kaiser Aluminum by 34.8% in the fourth quarter. First Eagle Investment Management LLC now owns 152,710 shares of the industrial products company’s stock worth $10,871,000 after buying an additional 39,398 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on KALU shares. JPMorgan Chase & Co. upped their target price on Kaiser Aluminum from $68.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. Benchmark restated a “buy” rating and issued a $84.00 target price on shares of Kaiser Aluminum in a research note on Friday, April 19th.

Kaiser Aluminum Price Performance

NASDAQ KALU traded up $0.20 during trading hours on Wednesday, reaching $89.47. The company’s stock had a trading volume of 4,084 shares, compared to its average volume of 143,150. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 25.95 and a beta of 1.35. Kaiser Aluminum Co. has a 1-year low of $53.67 and a 1-year high of $102.42. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.66 and a quick ratio of 1.43. The company’s 50-day moving average is $93.47 and its two-hundred day moving average is $81.69.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.44. The company had revenue of $738.00 million during the quarter, compared to analysts’ expectations of $733.34 million. Kaiser Aluminum had a return on equity of 8.40% and a net margin of 1.85%. Kaiser Aluminum’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.99 EPS. On average, equities analysts predict that Kaiser Aluminum Co. will post 4.12 EPS for the current year.

Kaiser Aluminum Company 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.