Los Angeles Capital Management LLC Sells 5,954 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

Los Angeles Capital Management LLC trimmed its stake in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 39.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,309 shares of the industrial products company’s stock after selling 5,954 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.06% of Kaiser Aluminum worth $675,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KALU. QRG Capital Management Inc. boosted its position in Kaiser Aluminum by 6.0% during the 3rd quarter. QRG Capital Management Inc. now owns 3,810 shares of the industrial products company’s stock worth $276,000 after buying an additional 214 shares during the period. Rhumbline Advisers lifted its holdings in shares of Kaiser Aluminum by 0.6% during the second quarter. Rhumbline Advisers now owns 51,374 shares of the industrial products company’s stock worth $4,516,000 after purchasing an additional 314 shares during the period. National Bank of Canada FI acquired a new position in shares of Kaiser Aluminum during the second quarter worth $32,000. EntryPoint Capital LLC grew its stake in shares of Kaiser Aluminum by 79.7% in the first quarter. EntryPoint Capital LLC now owns 861 shares of the industrial products company’s stock worth $77,000 after purchasing an additional 382 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Kaiser Aluminum by 5.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,893 shares of the industrial products company’s stock worth $694,000 after purchasing an additional 394 shares during the last quarter. Institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Price Performance

Shares of KALU opened at $80.63 on Friday. The business has a 50-day moving average of $73.53 and a 200-day moving average of $81.76. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.60 and a quick ratio of 1.36. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 27.90 and a beta of 1.32. Kaiser Aluminum Co. has a 1 year low of $57.52 and a 1 year high of $102.42.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.16). The firm had revenue of $748.00 million for the quarter, compared to analyst estimates of $793.30 million. Kaiser Aluminum had a return on equity of 6.92% and a net margin of 1.59%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 earnings per share. As a group, equities research analysts anticipate that Kaiser Aluminum Co. will post 2.63 earnings per share for the current year.

Kaiser Aluminum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend was Friday, October 25th. Kaiser Aluminum’s payout ratio is 106.57%.

About Kaiser Aluminum

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.