Cambridge Investment Research Advisors Inc. lessened its position in Kaiser Aluminum Corporation (NASDAQ:KALU) by 17.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,795 shares of the industrial products company’s stock after selling 2,000 shares during the period. Cambridge Investment Research Advisors Inc. owned about 0.06% of Kaiser Aluminum Corporation worth $1,010,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. First Mercantile Trust Co. boosted its stake 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 valued at $127,000 after purchasing an additional 20 shares during the period. Flinton Capital Management LLC boosted its stake in shares of Kaiser Aluminum Corporation by 54.3% in the second quarter. Flinton Capital Management LLC now owns 1,836 shares of the industrial products company’s stock valued at $162,000 after purchasing an additional 646 shares during the period. Riverhead Capital Management LLC boosted its stake in shares of Kaiser Aluminum Corporation by 58.3% in the second quarter. Riverhead Capital Management LLC now owns 1,899 shares of the industrial products company’s stock valued at $168,000 after purchasing an additional 699 shares during the period. KBC Group NV purchased a new position in shares of Kaiser Aluminum Corporation in the second quarter valued at $188,000. Finally, Amalgamated Bank purchased a new position in shares of Kaiser Aluminum Corporation in the second quarter valued at $204,000. 99.67% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have commented on KALU shares. Zacks Investment Research upgraded shares of Kaiser Aluminum Corporation from a “hold” rating to a “buy” rating and set a $118.00 price objective on the stock in a research note on Friday, October 6th. Credit Suisse Group increased their target price on shares of Kaiser Aluminum Corporation from $90.00 to $95.00 and gave the stock a “neutral” rating in a report on Friday, October 20th. BidaskClub cut shares of 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 target price on shares of Kaiser Aluminum Corporation and gave the stock a “hold” rating in a report on Thursday, October 12th. Finally, Deutsche Bank AG set a $100.00 price objective on shares of Kaiser Aluminum Corporation and gave the stock a “buy” rating in a report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Kaiser Aluminum Corporation has a consensus rating of “Hold” and a consensus price target of $99.00.

In other news, CEO Jack A. Hockema sold 5,982 shares of the firm’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $102.66, for a total value of $614,112.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Melinda C. Ellsworth sold 1,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $99.48, for a total transaction of $99,480.00. The disclosure for this sale can be found here. In the last three months, insiders sold 16,982 shares of company stock worth $1,736,622. Insiders own 3.00% of the company’s stock.

Shares of Kaiser Aluminum Corporation (NASDAQ:KALU) opened at $97.05 on Thursday. 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 stock has a market cap of $1,648.80, a P/E ratio of 18.90, a PEG ratio of 1.29 and a beta of 0.56. Kaiser Aluminum Corporation has a 52-week low of $74.56 and a 52-week high of $108.99.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, October 25th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend was Tuesday, October 24th. Kaiser Aluminum Corporation’s dividend payout ratio is 41.32%.

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About Kaiser Aluminum Corporation

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.

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

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