Winslow Asset Management Inc. Decreases Holdings in Kaiser Aluminum Co. (NASDAQ:KALU)

Winslow Asset Management Inc. trimmed its position in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 2.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 74,607 shares of the industrial products company’s stock after selling 1,989 shares during the quarter. Winslow Asset Management Inc.’s holdings in Kaiser Aluminum were worth $5,243,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Empowered Funds LLC purchased a new position in Kaiser Aluminum in the 4th quarter worth approximately $3,878,000. Stephens Inc. AR purchased a new position in Kaiser Aluminum in the 4th quarter worth approximately $3,150,000. Systematic Financial Management LP increased its stake in Kaiser Aluminum by 12.2% in the 3rd quarter. Systematic Financial Management LP now owns 234,917 shares of the industrial products company’s stock worth $17,036,000 after purchasing an additional 25,494 shares during the period. Intech Investment Management LLC increased its stake in Kaiser Aluminum by 578.6% in the 3rd quarter. Intech Investment Management LLC now owns 28,991 shares of the industrial products company’s stock worth $2,102,000 after purchasing an additional 24,719 shares during the period. Finally, NFJ Investment Group LLC increased its stake in Kaiser Aluminum by 20.8% in the 3rd quarter. NFJ Investment Group LLC now owns 137,856 shares of the industrial products company’s stock worth $9,997,000 after purchasing an additional 23,771 shares during the period. 99.29% of the stock is owned by hedge funds and other institutional investors.

Kaiser Aluminum Price Performance

Shares of KALU stock opened at $70.76 on Monday. The firm has a market cap of $1.14 billion, a P/E ratio of 24.66 and a beta of 1.34. Kaiser Aluminum Co. has a fifty-two week low of $63.44 and a fifty-two week high of $102.42. The business’s 50 day moving average price is $71.21 and its 200-day moving average price is $73.51. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.44.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.30). The business had revenue of $765.40 million during the quarter, compared to the consensus estimate of $752.00 million. Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. During the same quarter in the prior year, the business posted $0.60 earnings per share. On average, equities research analysts anticipate that Kaiser Aluminum Co. will post 5.14 earnings per share for the current year.

Kaiser Aluminum Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 24th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $3.08 annualized dividend and a dividend yield of 4.35%. Kaiser Aluminum’s dividend payout ratio is presently 107.32%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Kaiser Aluminum from a “hold” rating to a “sell” rating in a research note on Friday, February 21st.

Kaiser Aluminum Company Profile

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.