Vident Investment Advisory LLC purchased a new stake in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,671 shares of the industrial products company’s stock, valued at approximately $2,751,000. Vident Investment Advisory LLC owned about 0.16% of Kaiser Aluminum at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH grew its stake in shares of Kaiser Aluminum by 13.4% during the third quarter. Allianz Asset Management GmbH now owns 29,339 shares of the industrial products company’s stock valued at $3,026,000 after purchasing an additional 3,465 shares during the last quarter. Invictus RG grew its stake in shares of Kaiser Aluminum by 140.9% during the third quarter. Invictus RG now owns 1,679 shares of the industrial products company’s stock valued at $173,000 after purchasing an additional 982 shares during the last quarter. Pinebridge Investments L.P. grew its stake in shares of Kaiser Aluminum by 6.1% during the third quarter. Pinebridge Investments L.P. now owns 15,148 shares of the industrial products company’s stock valued at $1,562,000 after purchasing an additional 873 shares during the last quarter. Moody Aldrich Partners LLC grew its stake in shares of Kaiser Aluminum by 15.5% during the third quarter. Moody Aldrich Partners LLC now owns 10,508 shares of the industrial products company’s stock valued at $1,084,000 after purchasing an additional 1,413 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Kaiser Aluminum by 5.0% during the third quarter. Schwab Charles Investment Management Inc. now owns 133,081 shares of the industrial products company’s stock valued at $13,726,000 after purchasing an additional 6,278 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors and hedge funds.

Kaiser Aluminum Corporation (NASDAQ KALU) opened at $100.46 on Tuesday. Kaiser Aluminum Corporation has a 52 week low of $74.56 and a 52 week high of $108.99. The stock has a market cap of $1,693.08, a P/E ratio of 19.41, a price-to-earnings-growth ratio of 1.32 and a beta of 0.54. 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 (NASDAQ:KALU) last announced its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.19). Kaiser Aluminum had a net margin of 6.18% and a return on equity of 11.45%. The business had revenue of $332.80 million during the quarter, compared to the consensus estimate of $335.37 million. During the same period in the previous year, the business posted $1.02 earnings per share. Kaiser Aluminum’s revenue was up 3.8% compared to the same quarter last year. equities research analysts predict that Kaiser Aluminum Corporation will post 5.04 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, October 25th were paid a $0.50 dividend. The ex-dividend date was Tuesday, October 24th. This represents a $2.00 dividend on an annualized basis and a yield of 1.99%. Kaiser Aluminum’s payout ratio is presently 41.32%.

Several analysts have recently commented on KALU shares. Zacks Investment Research raised shares of Kaiser Aluminum from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a research note on Friday, October 6th. BidaskClub raised shares of Kaiser Aluminum from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Morgan Stanley raised their price objective on shares of Kaiser Aluminum from $87.00 to $101.00 and gave the company an “equal weight” rating in a research note on Thursday, November 16th. Deutsche Bank cut shares of Kaiser Aluminum from a “buy” rating to a “hold” rating and set a $104.00 price objective on the stock. in a research note on Tuesday, October 17th. Finally, Cowen set a $97.00 price objective on shares of Kaiser Aluminum and gave the company a “hold” rating in a research note on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $99.00.

In other Kaiser Aluminum news, VP Melinda C. Ellsworth sold 1,000 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $99.48, for a total value of $99,480.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jack A. Hockema sold 5,982 shares of the stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $102.66, for a total transaction of $614,112.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,982 shares of company stock worth $1,637,622. Insiders own 3.00% of the company’s stock.

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About Kaiser Aluminum

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.

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

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