Sterling Manor Financial LLC Buys Shares of 2,631 Kaiser Aluminum Co. (NASDAQ:KALU)


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Sterling Manor Financial LLC bought a new stake in Kaiser Aluminum Co. (NASDAQ:KALU) in the first quarter, Holdings Channel.com reports. The institutional investor bought 2,631 shares of the industrial products company’s stock, valued at approximately $291,000.

Several other large investors have also recently added to or reduced their stakes in KALU. BlackRock Inc. increased its position in Kaiser Aluminum by 5.0% during the fourth quarter. BlackRock Inc. now owns 2,456,642 shares of the industrial products company’s stock worth $242,962,000 after acquiring an additional 117,253 shares during the period. Victory Capital Management Inc. lifted its position in Kaiser Aluminum by 36.2% during the 4th quarter. Victory Capital Management Inc. now owns 807,328 shares of the industrial products company’s stock valued at $79,844,000 after purchasing an additional 214,719 shares during the period. Amundi Pioneer Asset Management Inc. lifted its position in Kaiser Aluminum by 1.3% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 372,642 shares of the industrial products company’s stock valued at $36,859,000 after purchasing an additional 4,921 shares during the period. Rothschild & Co. Asset Management US Inc. increased its stake in shares of Kaiser Aluminum by 5.8% in the 4th quarter. Rothschild & Co. Asset Management US Inc. now owns 294,140 shares of the industrial products company’s stock valued at $29,090,000 after acquiring an additional 16,135 shares during the last quarter. Finally, Tributary Capital Management LLC increased its stake in shares of Kaiser Aluminum by 64.0% in the 4th quarter. Tributary Capital Management LLC now owns 247,752 shares of the industrial products company’s stock valued at $24,503,000 after acquiring an additional 96,711 shares during the last quarter. 94.26% of the stock is currently owned by institutional investors.

Separately, TheStreet raised Kaiser Aluminum from a “c+” rating to a “b-” rating in a research note on Monday, March 15th.

Shares of Kaiser Aluminum stock opened at $112.32 on Thursday. The company has a debt-to-equity ratio of 1.16, a current ratio of 7.80 and a quick ratio of 6.70. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 147.79 and a beta of 1.25. The business has a fifty day simple moving average of $113.99 and a two-hundred day simple moving average of $94.77. Kaiser Aluminum Co. has a 1 year low of $50.49 and a 1 year high of $129.81.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings results on Tuesday, February 23rd. The industrial products company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.07. Kaiser Aluminum had a return on equity of 9.72% and a net margin of 0.94%. The company had revenue of $272.00 million for the quarter.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 14th. Investors of record on Friday, April 23rd will be paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Thursday, April 22nd.

In related news, CEO Keith Harvey sold 10,000 shares of the company’s stock in a transaction on Thursday, March 11th. The stock was sold at an average price of $127.00, for a total transaction of $1,270,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Ray Parkinson sold 1,500 shares of the business’s stock in a transaction on Thursday, March 11th. The stock was sold at an average price of $124.72, for a total value of $187,080.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,323 shares of company stock valued at $2,414,825. 1.40% of the stock is currently owned by corporate insiders.

Kaiser Aluminum Profile

Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The company provides 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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Institutional Ownership by Quarter for Kaiser Aluminum (NASDAQ:KALU)

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