Victory Capital Management Inc. lessened its position in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 11.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 448,143 shares of the industrial products company’s stock after selling 55,841 shares during the quarter. Victory Capital Management Inc. owned about 2.66% of Kaiser Aluminum Corporation worth $46,221,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Kaiser Aluminum Corporation by 12,449.4% during the first quarter. BlackRock Inc. now owns 2,174,693 shares of the industrial products company’s stock valued at $173,757,000 after acquiring an additional 2,157,364 shares during the period. State Street Corp lifted its stake in shares of Kaiser Aluminum Corporation by 7.9% during the second quarter. State Street Corp now owns 686,950 shares of the industrial products company’s stock valued at $60,811,000 after acquiring an additional 50,201 shares during the period. Aberdeen Asset Management PLC UK lifted its stake in shares of Kaiser Aluminum Corporation by 5.7% during the second quarter. Aberdeen Asset Management PLC UK now owns 663,429 shares of the industrial products company’s stock valued at $58,727,000 after acquiring an additional 35,723 shares during the period. Paradice Investment Management LLC lifted its stake in shares of Kaiser Aluminum Corporation by 4.3% during the second quarter. Paradice Investment Management LLC now owns 563,407 shares of the industrial products company’s stock valued at $49,873,000 after acquiring an additional 23,200 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Kaiser Aluminum Corporation by 3.8% during the second quarter. Northern Trust Corp now owns 461,771 shares of the industrial products company’s stock valued at $40,877,000 after acquiring an additional 16,858 shares during the period. 98.03% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Alfred E. Osborne, Jr. sold 2,000 shares of the stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $94.56, for a total transaction of $189,120.00. Following the completion of the transaction, the director now directly owns 15,622 shares in the company, valued at $1,477,216.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Carolyn Bartholomew sold 1,000 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $99.00, for a total value of $99,000.00. Following the transaction, the director now owns 13,344 shares of the company’s stock, valued at $1,321,056. The disclosure for this sale can be found here. Insiders sold 24,097 shares of company stock valued at $2,413,662 over the last 90 days. Corporate insiders own 3.00% of the company’s stock.

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Several equities analysts have recently issued reports on KALU shares. Zacks Investment Research raised Kaiser Aluminum Corporation from a “sell” rating to a “hold” rating in a research note on Friday, July 14th. Bank of America Corporation upped their price target on Kaiser Aluminum Corporation from $79.00 to $85.00 and gave the company an “underperform” rating in a research note on Friday, July 21st. BidaskClub raised Kaiser Aluminum Corporation from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Morgan Stanley reissued an “equal weight” rating and issued a $87.00 target price (up previously from $80.00) on shares of Kaiser Aluminum Corporation in a research note on Tuesday, July 25th. Finally, Deutsche Bank AG set a $100.00 target price on Kaiser Aluminum Corporation and gave the company a “buy” rating in a research note on Monday, July 31st. Two analysts have rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $97.25.

Kaiser Aluminum Corporation (KALU) opened at $97.73 on Tuesday. Kaiser Aluminum Corporation has a one year low of $71.99 and a one year high of $108.99. The firm has a market capitalization of $1,655.56, a PE ratio of 18.98, a price-to-earnings-growth ratio of 1.29 and a beta of 0.56. The company has a quick ratio of 2.55, a current ratio of 3.75 and a debt-to-equity ratio of 0.47.

Kaiser Aluminum Corporation (NASDAQ:KALU) last announced its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.19). Kaiser Aluminum Corporation had a return on equity of 11.45% and a net margin of 6.18%. The business had revenue of $332.80 million during the quarter, compared to the consensus estimate of $335.37 million. During the same quarter last year, the company earned $1.02 earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year. equities research analysts expect that Kaiser Aluminum Corporation will post 5.05 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, October 25th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $2.00 annualized dividend and a dividend yield of 2.05%. Kaiser Aluminum Corporation’s dividend payout ratio (DPR) is currently 41.32%.

About Kaiser Aluminum Corporation

Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The Company operates in the Fabricated Products segment. The Company’s Fabricated Products segment focuses on producing rolled, extruded and drawn aluminum products used principally for aerospace and defense, automotive and general engineering products that include consumer durables, electronics, electrical and machinery and equipment applications.

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Institutional Ownership by Quarter for Kaiser Aluminum Corporation (NASDAQ:KALU)

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