Rhumbline Advisers Has $3.46 Million Holdings in Kaiser Aluminum Co. (NASDAQ:KALU)

Rhumbline Advisers trimmed its holdings in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,193 shares of the industrial products company’s stock after selling 668 shares during the period. Rhumbline Advisers owned 0.31% of Kaiser Aluminum worth $3,457,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of KALU. QRG Capital Management Inc. raised its position in shares of 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 valued at $276,000 after acquiring an additional 214 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Kaiser Aluminum by 6.7% in the third quarter. Principal Financial Group Inc. now owns 84,370 shares of the industrial products company’s stock valued at $6,119,000 after buying an additional 5,287 shares during the period. Versor Investments LP bought a new position in Kaiser Aluminum during the third quarter worth about $319,000. GSA Capital Partners LLP grew its position in shares of Kaiser Aluminum by 91.6% during the 3rd quarter. GSA Capital Partners LLP now owns 9,121 shares of the industrial products company’s stock worth $661,000 after buying an additional 4,360 shares during the period. Finally, Chesapeake Capital Corp IL increased its stake in shares of Kaiser Aluminum by 27.9% in the 3rd quarter. Chesapeake Capital Corp IL now owns 6,471 shares of the industrial products company’s stock valued at $474,000 after acquiring an additional 1,412 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Kaiser Aluminum Stock Performance

KALU stock opened at $70.76 on Friday. Kaiser Aluminum Co. has a 1-year low of $63.44 and a 1-year high of $102.42. The business’s 50-day moving average price is $71.21 and its two-hundred day moving average price is $73.47. The firm has a market cap of $1.14 billion, a PE ratio of 24.66 and a beta of 1.34. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56.

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

Kaiser Aluminum Announces Dividend

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

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.