Systematic Financial Management LP reduced its holdings in Kaiser Aluminum Corporation (NASDAQ:KALU) by 3.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 129,532 shares of the industrial products company’s stock after selling 4,865 shares during the quarter. Systematic Financial Management LP owned 0.77% of Kaiser Aluminum Corporation worth $13,360,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. First Mercantile Trust Co. increased its holdings in shares of 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 acquiring an additional 20 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Kaiser Aluminum Corporation by 1.0% during the second quarter. PNC Financial Services Group Inc. now owns 6,140 shares of the industrial products company’s stock worth $544,000 after buying an additional 62 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of Kaiser Aluminum Corporation by 0.3% during the second quarter. California Public Employees Retirement System now owns 39,400 shares of the industrial products company’s stock worth $3,488,000 after buying an additional 100 shares in the last quarter. Suntrust Banks Inc. grew its holdings in shares of Kaiser Aluminum Corporation by 0.5% during the second quarter. Suntrust Banks Inc. now owns 27,068 shares of the industrial products company’s stock worth $2,395,000 after buying an additional 146 shares in the last quarter. Finally, Aperio Group LLC grew its holdings in shares of Kaiser Aluminum Corporation by 3.0% during the second quarter. Aperio Group LLC now owns 16,990 shares of the industrial products company’s stock worth $1,504,000 after buying an additional 494 shares in the last quarter. Institutional investors own 99.67% of the company’s stock.

Shares of Kaiser Aluminum Corporation (KALU) traded up $0.87 during midday trading on Wednesday, reaching $97.54. The company had a trading volume of 212,300 shares, compared to its average volume of 148,065. Kaiser Aluminum Corporation has a 1 year low of $74.56 and a 1 year high of $108.99. The company has a quick ratio of 2.55, a current ratio of 3.75 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $1,634.09, a PE ratio of 18.73, a PEG ratio of 1.28 and a beta of 0.56.

Kaiser Aluminum Corporation (NASDAQ:KALU) last issued its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.19). Kaiser Aluminum Corporation had a net margin of 6.18% and a return on equity of 11.45%. The company had revenue of $332.80 million for the quarter, compared to analyst estimates of $335.37 million. During the same period last year, the company posted $1.02 earnings per share. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. sell-side analysts forecast that Kaiser Aluminum Corporation will post 5.04 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, October 25th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, October 24th. This represents a $2.00 annualized dividend and a yield of 2.05%. Kaiser Aluminum Corporation’s dividend payout ratio (DPR) is presently 41.32%.

A number of research firms recently issued reports on KALU. Deutsche Bank AG downgraded Kaiser Aluminum Corporation from a “buy” rating to a “hold” rating and set a $104.00 price objective for the company. in a report on Tuesday, October 17th. Zacks Investment Research downgraded Kaiser Aluminum Corporation from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. BidaskClub downgraded Kaiser Aluminum Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 9th. Cowen and Company set a $97.00 price objective on Kaiser Aluminum Corporation and gave the stock a “hold” rating in a report on Thursday, October 12th. Finally, Credit Suisse Group increased their price objective on Kaiser Aluminum Corporation from $90.00 to $95.00 and gave the stock a “neutral” rating in a report on Friday, October 20th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $99.00.

In related news, Director Carolyn Bartholomew sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $99.00, for a total transaction of $99,000.00. Following the completion of the transaction, the director now directly owns 13,344 shares of the company’s stock, valued at $1,321,056. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jack A. Hockema sold 5,982 shares of the stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $102.66, for a total value of $614,112.12. The disclosure for this sale can be found here. Insiders have sold 16,982 shares of company stock valued at $1,736,622 over the last three months. Insiders own 3.00% of the company’s stock.

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Kaiser Aluminum Corporation 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.

Institutional Ownership by Quarter for Kaiser Aluminum Corporation (NASDAQ:KALU)

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