Advisors Asset Management Inc. reduced its holdings in Kaiser Aluminum Corporation (NASDAQ:KALU) by 19.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,459 shares of the industrial products company’s stock after selling 1,110 shares during the quarter. Advisors Asset Management Inc.’s holdings in Kaiser Aluminum were worth $460,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of KALU. Teachers Advisors LLC lifted its holdings in shares of Kaiser Aluminum by 3.2% in the 1st quarter. Teachers Advisors LLC now owns 30,195 shares of the industrial products company’s stock valued at $2,413,000 after buying an additional 933 shares during the period. Aperio Group LLC lifted its holdings in shares of Kaiser Aluminum by 3.0% in the 2nd quarter. Aperio Group LLC now owns 16,990 shares of the industrial products company’s stock valued at $1,504,000 after buying an additional 494 shares during the period. CIBC Asset Management Inc acquired a new stake in shares of Kaiser Aluminum in the 2nd quarter valued at approximately $206,000. Sei Investments Co. increased its stake in Kaiser Aluminum by 17.9% in the 2nd quarter. Sei Investments Co. now owns 38,475 shares of the industrial products company’s stock valued at $3,406,000 after purchasing an additional 5,834 shares in the last quarter. Finally, Pioneer Investment Management Inc. increased its stake in Kaiser Aluminum by 29.7% in the 2nd quarter. Pioneer Investment Management Inc. now owns 310,260 shares of the industrial products company’s stock valued at $27,464,000 after purchasing an additional 71,106 shares in the last quarter. 98.03% of the stock is owned by institutional investors and hedge funds.

In other news, VP Melinda C. Ellsworth sold 1,000 shares of Kaiser Aluminum stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $99.48, for a total value of $99,480.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jack A. Hockema sold 5,982 shares of Kaiser Aluminum 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 15,982 shares of company stock valued at $1,637,622. Company insiders own 3.00% of the company’s stock.

Several equities analysts recently weighed in on the company. Zacks Investment Research raised Kaiser Aluminum from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Morgan Stanley raised their price objective on Kaiser Aluminum from $87.00 to $101.00 and gave the company an “equal weight” rating in a research note on Thursday, November 16th. Credit Suisse Group raised their price objective on Kaiser Aluminum from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Friday, October 20th. Deutsche Bank downgraded Kaiser Aluminum from a “buy” rating to a “hold” rating and set a $104.00 price objective for the company. in a research note on Tuesday, October 17th. Finally, Cowen set a $97.00 price objective on Kaiser Aluminum and gave the company a “hold” rating in a research note on Thursday, October 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $99.00.

Kaiser Aluminum Corporation (NASDAQ:KALU) opened at $98.21 on Wednesday. The company has a current ratio of 3.75, a quick ratio of 2.55 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $1,660.00, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 1.29 and a beta of 0.54. Kaiser Aluminum Corporation has a 1 year low of $74.56 and a 1 year high of $108.99.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings results 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 company had revenue of $332.80 million for the quarter, compared to analysts’ expectations of $335.37 million. Kaiser Aluminum had a return on equity of 11.45% and a net margin of 6.18%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.02 EPS. sell-side analysts forecast that Kaiser Aluminum Corporation will post 5.04 EPS for the current fiscal year.

The firm also recently disclosed 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 2.04%. The ex-dividend date was Tuesday, October 24th. Kaiser Aluminum’s dividend payout ratio is currently 41.15%.

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About Kaiser Aluminum

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 (NASDAQ:KALU)

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