Kaiser Aluminum Co. (NASDAQ:KALU) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its holdings in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 1.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 7,752 shares of the industrial products company’s stock after selling 141 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Kaiser Aluminum were worth $562,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of KALU. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Kaiser Aluminum by 1.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 826,985 shares of the industrial products company’s stock worth $72,692,000 after purchasing an additional 8,830 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Kaiser Aluminum by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 760,500 shares of the industrial products company’s stock valued at $66,846,000 after acquiring an additional 16,148 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Kaiser Aluminum by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 294,502 shares of the industrial products company’s stock valued at $21,357,000 after acquiring an additional 7,644 shares during the period. Tributary Capital Management LLC raised its holdings in Kaiser Aluminum by 0.3% during the second quarter. Tributary Capital Management LLC now owns 271,976 shares of the industrial products company’s stock worth $23,907,000 after purchasing an additional 856 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Kaiser Aluminum by 358.0% in the second quarter. American Century Companies Inc. now owns 250,809 shares of the industrial products company’s stock worth $22,046,000 after purchasing an additional 196,045 shares during the period. Institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Stock Down 1.5 %

Shares of KALU stock opened at $76.26 on Friday. Kaiser Aluminum Co. has a 1 year low of $59.52 and a 1 year high of $102.42. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.60. The business’s fifty day moving average is $77.70 and its 200-day moving average is $79.42. The stock has a market cap of $1.23 billion, a PE ratio of 26.39 and a beta of 1.33.

Kaiser Aluminum (NASDAQ:KALU) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.16). Kaiser Aluminum had a return on equity of 6.92% and a net margin of 1.59%. The firm had revenue of $748.00 million for the quarter, compared to analyst estimates of $793.30 million. During the same period in the previous year, the firm earned $0.46 earnings per share. Kaiser Aluminum’s revenue was up .5% on a year-over-year basis. Equities analysts expect that Kaiser Aluminum Co. will post 2.63 earnings per share for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 25th were paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 4.04%. The ex-dividend date was Friday, October 25th. Kaiser Aluminum’s dividend payout ratio is presently 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.