Keybank National Association OH trimmed its position in Kaiser Aluminum Co. (NASDAQ:KALU – Free Report) by 19.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,755 shares of the industrial products company’s stock after selling 1,617 shares during the quarter. Keybank National Association OH’s holdings in Kaiser Aluminum were worth $504,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Yousif Capital Management LLC lifted its stake in Kaiser Aluminum by 0.8% during the 1st quarter. Yousif Capital Management LLC now owns 14,503 shares of the industrial products company’s stock valued at $1,366,000 after acquiring an additional 120 shares during the period. Great West Life Assurance Co. Can lifted its position in Kaiser Aluminum by 1.2% during the first quarter. Great West Life Assurance Co. Can now owns 14,136 shares of the industrial products company’s stock valued at $1,363,000 after purchasing an additional 166 shares during the period. Arizona State Retirement System lifted its position in Kaiser Aluminum by 4.1% during the fourth quarter. Arizona State Retirement System now owns 4,498 shares of the industrial products company’s stock valued at $342,000 after purchasing an additional 176 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Kaiser Aluminum by 14.2% in the third quarter. Public Employees Retirement System of Ohio now owns 1,655 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 206 shares during the last quarter. Finally, US Bancorp DE grew its position in Kaiser Aluminum by 9.8% during the 1st quarter. US Bancorp DE now owns 2,330 shares of the industrial products company’s stock worth $174,000 after purchasing an additional 208 shares during the period.
Insiders Place Their Bets
In other Kaiser Aluminum news, SVP Ray Parkinson sold 4,727 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $79.75, for a total transaction of $376,978.25. Following the completion of the transaction, the senior vice president now directly owns 6,432 shares in the company, valued at $512,952. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Check Out Our Latest Analysis on Kaiser Aluminum
Kaiser Aluminum Stock Performance
NASDAQ KALU opened at $74.86 on Tuesday. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 118.83 and a beta of 1.32. Kaiser Aluminum Co. has a twelve month low of $56.79 and a twelve month high of $97.58. The company has a current ratio of 2.81, a quick ratio of 1.41 and a debt-to-equity ratio of 1.65. The stock has a 50-day moving average of $74.94 and a 200 day moving average of $72.27.
Kaiser Aluminum (NASDAQ:KALU – Get Free Report) last released its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.80. The company had revenue of $814.10 million during the quarter, compared to analysts’ expectations of $797.21 million. Kaiser Aluminum had a return on equity of 1.99% and a net margin of 0.34%. Kaiser Aluminum’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.87) EPS. Sell-side analysts anticipate that Kaiser Aluminum Co. will post 2.59 EPS for the current fiscal year.
Kaiser Aluminum Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, July 25th were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date was Monday, July 24th. Kaiser Aluminum’s dividend payout ratio is presently 488.89%.
Kaiser Aluminum Profile
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. The company offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.
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