Pax World Management LLC Has $16,007,000 Position in Kaiser Aluminum Corporation (KALU)
Pax World Management LLC maintained its stake in Kaiser Aluminum Corporation (NASDAQ:KALU) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 180,833 shares of the industrial products company’s stock at the end of the second quarter. Pax World Management LLC owned 1.06% of Kaiser Aluminum Corporation worth $16,007,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the stock. First Mercantile Trust Co. raised its stake in Kaiser Aluminum Corporation by 1.4% in the second quarter. First Mercantile Trust Co. now owns 1,430 shares of the industrial products company’s stock worth $127,000 after buying an additional 20 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in Kaiser Aluminum Corporation by 0.9% in the first quarter. Municipal Employees Retirement System of Michigan now owns 5,820 shares of the industrial products company’s stock valued at $465,000 after buying an additional 50 shares during the period. PNC Financial Services Group Inc. increased its position in Kaiser Aluminum Corporation by 1.3% in the first quarter. PNC Financial Services Group Inc. now owns 6,078 shares of the industrial products company’s stock valued at $486,000 after buying an additional 78 shares during the period. CNA Financial Corp increased its position in Kaiser Aluminum Corporation by 1.4% in the first quarter. CNA Financial Corp now owns 7,200 shares of the industrial products company’s stock valued at $575,000 after buying an additional 100 shares during the period. Finally, Mason Street Advisors LLC increased its position in Kaiser Aluminum Corporation by 4.4% in the first quarter. Mason Street Advisors LLC now owns 4,088 shares of the industrial products company’s stock valued at $327,000 after buying an additional 174 shares during the period. 99.19% of the stock is currently owned by institutional investors and hedge funds.
Kaiser Aluminum Corporation (KALU) opened at 94.72 on Monday. Kaiser Aluminum Corporation has a 12-month low of $69.41 and a 12-month high of $98.72. The stock has a market capitalization of $1.60 billion, a P/E ratio of 20.80 and a beta of 0.54. The stock has a 50 day moving average price of $94.27 and a 200-day moving average price of $84.64.
Kaiser Aluminum Corporation (NASDAQ:KALU) last issued its earnings results on Wednesday, July 19th. The industrial products company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.46. Kaiser Aluminum Corporation had a return on equity of 11.71% and a net margin of 5.87%. The firm had revenue of $356 million for the quarter, compared to the consensus estimate of $349.62 million. During the same quarter in the previous year, the company posted $1.02 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. Equities research analysts expect that Kaiser Aluminum Corporation will post $5.47 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Thursday, July 27th were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, July 25th. This represents a $2.00 dividend on an annualized basis and a yield of 2.11%. Kaiser Aluminum Corporation’s dividend payout ratio (DPR) is currently 44.44%.
WARNING: This news story was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The original version of this news story can be read at https://www.thecerbatgem.com/2017/08/21/pax-world-management-llc-has-16007000-position-in-kaiser-aluminum-corporation-kalu.html.
Several equities analysts recently weighed in on KALU shares. Deutsche Bank AG reiterated a “buy” rating on shares of Kaiser Aluminum Corporation in a research report on Saturday, June 24th. BidaskClub upgraded Kaiser Aluminum Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 14th. Zacks Investment Research upgraded Kaiser Aluminum Corporation from a “hold” rating to a “buy” rating and set a $108.00 target price on the stock in a research report on Friday, July 28th. Morgan Stanley reiterated an “equal weight” rating and set a $87.00 target price (up from $80.00) on shares of Kaiser Aluminum Corporation in a research report on Tuesday, July 25th. Finally, Cowen and Company downgraded Kaiser Aluminum Corporation from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $96.00 to $97.00 in a research report on Monday, August 7th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $96.13.
In other Kaiser Aluminum Corporation news, VP Del L. Miller sold 817 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $97.07, for a total value of $79,306.19. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jack A. Hockema sold 9,000 shares of the business’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $91.18, for a total value of $820,620.00. The disclosure for this sale can be found here. Insiders sold 18,714 shares of company stock worth $1,748,706 in the last 90 days. Corporate insiders own 3.00% of the company’s stock.
Kaiser Aluminum Corporation Company Profile
Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The Company operates in the Fabricated Products segment. The Company’s Fabricated Products segment focuses on producing rolled, extruded and drawn aluminum products used principally for aerospace and defense, automotive and general engineering products that include consumer durables, electronics, electrical and machinery and equipment applications.
Receive News & Stock Ratings for Kaiser Aluminum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kaiser Aluminum Corporation and related stocks with our FREE daily email newsletter.