Kaiser Aluminum Co. (NASDAQ:KALU) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its holdings in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 47.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,880 shares of the industrial products company’s stock after selling 4,429 shares during the period. Los Angeles Capital Management LLC’s holdings in Kaiser Aluminum were worth $343,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of KALU. QRG Capital Management Inc. lifted its holdings in shares of Kaiser Aluminum by 6.0% during the 3rd quarter. QRG Capital Management Inc. now owns 3,810 shares of the industrial products company’s stock valued at $276,000 after acquiring an additional 214 shares in the last quarter. New York State Teachers Retirement System increased its holdings in Kaiser Aluminum by 6.2% in the 4th quarter. New York State Teachers Retirement System now owns 6,879 shares of the industrial products company’s stock valued at $483,000 after purchasing an additional 400 shares in the last quarter. KBC Group NV raised its position in Kaiser Aluminum by 93.0% in the fourth quarter. KBC Group NV now owns 851 shares of the industrial products company’s stock valued at $60,000 after purchasing an additional 410 shares during the period. Point72 DIFC Ltd acquired a new position in shares of Kaiser Aluminum during the third quarter worth about $41,000. Finally, Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Kaiser Aluminum by 20.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,597 shares of the industrial products company’s stock worth $261,000 after buying an additional 605 shares during the period. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Kaiser Aluminum from a “hold” rating to a “sell” rating in a report on Friday, February 21st.

Kaiser Aluminum Price Performance

Shares of KALU stock opened at $68.62 on Tuesday. The firm has a fifty day simple moving average of $71.18 and a 200-day simple moving average of $73.50. The company has a market capitalization of $1.10 billion, a PE ratio of 23.91 and a beta of 1.34. Kaiser Aluminum Co. has a twelve month low of $63.44 and a twelve month high of $102.42. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.30). Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. The firm had revenue of $765.40 million during the quarter, compared to analysts’ expectations of $752.00 million. During the same period in the previous year, the company earned $0.60 earnings per share. Equities research analysts anticipate that Kaiser Aluminum Co. will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 24th were issued a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $3.08 annualized dividend and a yield of 4.49%. Kaiser Aluminum’s dividend payout ratio is presently 107.32%.

About Kaiser Aluminum

Kaiser Aluminum Corporation, together with its subsidiaries, engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. It offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.