Victory Capital Management Inc. lessened its stake in Kaiser Aluminum Corp. (NASDAQ:KALU) by 12.7% in the 1st quarter, HoldingsChannel reports. The fund owned 567,632 shares of the industrial products company’s stock after selling 82,725 shares during the period. Victory Capital Management Inc.’s holdings in Kaiser Aluminum were worth $59,448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quantamental Technologies LLC acquired a new position in Kaiser Aluminum in the fourth quarter valued at $26,000. LS Investment Advisors LLC boosted its stake in Kaiser Aluminum by 285.9% in the fourth quarter. LS Investment Advisors LLC now owns 1,914 shares of the industrial products company’s stock valued at $171,000 after acquiring an additional 1,418 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in Kaiser Aluminum in the first quarter valued at $249,000. Amalgamated Bank acquired a new position in Kaiser Aluminum in the fourth quarter valued at $218,000. Finally, Aptus Capital Advisors LLC acquired a new position in Kaiser Aluminum in the fourth quarter valued at $225,000. Institutional investors own 99.49% of the company’s stock.
In other news, COO Keith Harvey sold 1,000 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $94.94, for a total transaction of $94,940.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.20% of the stock is currently owned by corporate insiders.
NASDAQ KALU traded down $3.36 during trading hours on Monday, hitting $93.33. The company had a trading volume of 25,158 shares, compared to its average volume of 110,540. Kaiser Aluminum Corp. has a 1-year low of $83.29 and a 1-year high of $119.66. The company has a market capitalization of $1.54 billion, a PE ratio of 14.42 and a beta of 0.97. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.29 and a quick ratio of 2.14.
Kaiser Aluminum (NASDAQ:KALU) last announced its earnings results on Tuesday, April 23rd. The industrial products company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.02. Kaiser Aluminum had a net margin of 5.90% and a return on equity of 14.91%. The business had revenue of $395.00 million during the quarter, compared to the consensus estimate of $404.04 million. During the same quarter in the prior year, the firm earned $1.60 earnings per share. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, research analysts expect that Kaiser Aluminum Corp. will post 7.11 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 25th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, April 24th. This represents a $2.40 annualized dividend and a dividend yield of 2.57%. Kaiser Aluminum’s dividend payout ratio (DPR) is 37.09%.
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About Kaiser Aluminum
Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The company offers rolled, extruded, and drawn aluminum products used principally for aerospace and defense, automotive, consumer durables, electronics, electrical, and machinery and equipment applications.
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