Kaiser Aluminum Co. (NASDAQ:KALU) Stock Holdings Decreased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its stake in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 47.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,880 shares of the industrial products company’s stock after selling 4,429 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Kaiser Aluminum were worth $343,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. QRG Capital Management Inc. raised its stake 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 in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Kaiser Aluminum by 6.7% in the 3rd quarter. Principal Financial Group Inc. now owns 84,370 shares of the industrial products company’s stock valued at $6,119,000 after acquiring an additional 5,287 shares during the last quarter. Versor Investments LP acquired a new stake in shares of Kaiser Aluminum during the 3rd quarter valued at approximately $319,000. GSA Capital Partners LLP raised its position 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 acquiring an additional 4,360 shares in the last quarter. Finally, Chesapeake Capital Corp IL lifted its stake in Kaiser Aluminum by 27.9% during the third quarter. Chesapeake Capital Corp IL now owns 6,471 shares of the industrial products company’s stock worth $474,000 after purchasing an additional 1,412 shares during the last quarter. Institutional investors own 99.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Kaiser Aluminum from a “hold” rating to a “sell” rating in a research note on Friday, February 21st.

Kaiser Aluminum Stock Performance

Shares of KALU stock opened at $68.62 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 1.56. The business has a 50 day moving average of $71.18 and a two-hundred day moving average of $73.50. The company has a market cap of $1.10 billion, a P/E ratio of 23.91 and a beta of 1.34. Kaiser Aluminum Co. has a 52 week low of $63.44 and a 52 week high of $102.42.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share (EPS) 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 company had revenue of $765.40 million for the quarter, compared to analyst estimates of $752.00 million. During the same quarter in the prior year, the firm earned $0.60 EPS. As a group, analysts anticipate that Kaiser Aluminum Co. will post 5.14 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 24th were given 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 dividend yield of 4.49%. Kaiser Aluminum’s dividend payout ratio is currently 107.32%.

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. It offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.