Mutual of America Capital Management LLC lessened its position in Kaiser Aluminum Corp. (NASDAQ:KALU) by 3.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,464 shares of the industrial products company’s stock after selling 1,842 shares during the quarter. Mutual of America Capital Management LLC owned about 0.29% of Kaiser Aluminum worth $5,285,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KALU. Advisors Asset Management Inc. lifted its position in shares of Kaiser Aluminum by 21,148.5% in the second quarter. Advisors Asset Management Inc. now owns 898,387 shares of the industrial products company’s stock valued at $283,000 after acquiring an additional 894,159 shares in the last quarter. Walthausen & Co. LLC purchased a new position in Kaiser Aluminum during the third quarter worth approximately $12,096,000. Segall Bryant & Hamill LLC purchased a new position in Kaiser Aluminum during the second quarter worth approximately $10,709,000. BlackRock Inc. lifted its position in Kaiser Aluminum by 4.6% during the third quarter. BlackRock Inc. now owns 2,332,530 shares of the industrial products company’s stock worth $254,385,000 after buying an additional 101,969 shares in the last quarter. Finally, TD Asset Management Inc. lifted its position in Kaiser Aluminum by 186.7% during the second quarter. TD Asset Management Inc. now owns 96,900 shares of the industrial products company’s stock worth $10,088,000 after buying an additional 63,100 shares in the last quarter. Institutional investors and hedge funds own 99.32% of the company’s stock.
In other news, CEO Jack A. Hockema sold 4,500 shares of Kaiser Aluminum stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $93.35, for a total value of $420,075.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Melinda C. Ellsworth sold 1,100 shares of Kaiser Aluminum stock in a transaction on Wednesday, November 21st. The shares were sold at an average price of $95.36, for a total value of $104,896.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,100 shares of company stock valued at $675,586. 3.20% of the stock is owned by insiders.
KALU stock opened at $91.95 on Friday. The company has a quick ratio of 2.48, a current ratio of 3.50 and a debt-to-equity ratio of 0.49. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 1.01 and a beta of 0.89. Kaiser Aluminum Corp. has a 52-week low of $86.62 and a 52-week high of $119.66.
Kaiser Aluminum (NASDAQ:KALU) last posted its earnings results on Wednesday, October 17th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.55 by ($0.12). The business had revenue of $393.10 million for the quarter, compared to analyst estimates of $383.84 million. Kaiser Aluminum had a return on equity of 13.23% and a net margin of 3.41%. Kaiser Aluminum’s revenue was up 18.1% compared to the same quarter last year. During the same period last year, the business earned $0.90 EPS. As a group, equities research analysts anticipate that Kaiser Aluminum Corp. will post 6.31 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Thursday, October 25th were paid a dividend of $0.55 per share. The ex-dividend date was Wednesday, October 24th. This represents a $2.20 annualized dividend and a yield of 2.39%. Kaiser Aluminum’s dividend payout ratio (DPR) is 43.22%.
A number of brokerages recently commented on KALU. BidaskClub upgraded Kaiser Aluminum from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research upgraded Kaiser Aluminum from a “sell” rating to a “hold” rating in a research report on Thursday, October 25th. Jefferies Financial Group upgraded Kaiser Aluminum from a “hold” rating to a “buy” rating and set a $123.00 price objective on the stock in a research report on Tuesday, October 23rd. Finally, Goldman Sachs Group downgraded Kaiser Aluminum from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $105.00 to $101.00 in a research report on Monday, August 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $107.75.
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About Kaiser Aluminum
Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The company offers rolled, extruded, and drawn aluminum products used principally for aerospace and defense, automotive, consumer durables, electronics, electrical, and machinery and equipment applications.
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