Victory Capital Management Inc. Sells 91,128 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

Victory Capital Management Inc. lowered its position in Kaiser Aluminum Co. (NASDAQ:KALU) by 9.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 847,966 shares of the industrial products company’s stock after selling 91,128 shares during the quarter. Victory Capital Management Inc. owned 0.05% of Kaiser Aluminum worth $61,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. GSA Capital Partners LLP grew its stake in shares of Kaiser Aluminum by 91.6% during the 3rd quarter. GSA Capital Partners LLP now owns 9,121 shares of the industrial products company’s stock valued at $661,000 after purchasing an additional 4,360 shares during the period. Versor Investments LP purchased a new position in shares of Kaiser Aluminum in the third quarter worth approximately $319,000. Principal Financial Group Inc. grew its position in Kaiser Aluminum by 6.7% during the third quarter. Principal Financial Group Inc. now owns 84,370 shares of the industrial products company’s stock valued at $6,119,000 after buying an additional 5,287 shares during the period. QRG Capital Management Inc. increased its holdings in Kaiser Aluminum by 6.0% during the third quarter. QRG Capital Management Inc. now owns 3,810 shares of the industrial products company’s stock valued at $276,000 after buying an additional 214 shares during the last quarter. Finally, Everence Capital Management Inc. raised its position in Kaiser Aluminum by 89.3% in the third quarter. Everence Capital Management Inc. now owns 4,580 shares of the industrial products company’s stock worth $332,000 after acquiring an additional 2,160 shares during the period. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Trading Down 0.5 %

Shares of Kaiser Aluminum stock opened at $81.36 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.60 and a quick ratio of 1.36. The stock has a market capitalization of $1.31 billion, a PE ratio of 28.15 and a beta of 1.32. Kaiser Aluminum Co. has a 1-year low of $57.52 and a 1-year high of $102.42. The company’s fifty day simple moving average is $73.28 and its 200-day simple moving average is $81.92.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.16). Kaiser Aluminum had a net margin of 1.59% and a return on equity of 6.92%. The company had revenue of $748.00 million for the quarter, compared to the consensus estimate of $793.30 million. During the same period in the prior year, the firm posted $0.46 EPS. The business’s revenue for the quarter was up .5% on a year-over-year basis. As a group, equities analysts anticipate that Kaiser Aluminum Co. will post 2.63 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 25th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 3.79%. The ex-dividend date is Friday, October 25th. Kaiser Aluminum’s dividend payout ratio is currently 106.57%.

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.