Aperio Group LLC Has $1.50 Million Position in Kaiser Aluminum Corporation (KALU)

Aperio Group LLC increased its stake in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,990 shares of the industrial products company’s stock after buying an additional 494 shares during the period. Aperio Group LLC owned 0.10% of Kaiser Aluminum Corporation worth $1,504,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan increased its stake in shares of Kaiser Aluminum Corporation by 0.9% in the first quarter. Municipal Employees Retirement System of Michigan now owns 5,820 shares of the industrial products company’s stock valued at $465,000 after buying an additional 50 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Kaiser Aluminum Corporation by 1.3% in the first quarter. PNC Financial Services Group Inc. now owns 6,078 shares of the industrial products company’s stock valued at $486,000 after buying an additional 78 shares during the last quarter. CNA Financial Corp increased its stake in shares of Kaiser Aluminum Corporation by 1.4% in the first quarter. CNA Financial Corp now owns 7,200 shares of the industrial products company’s stock valued at $575,000 after buying an additional 100 shares during the last quarter. Mason Street Advisors LLC increased its stake in shares of Kaiser Aluminum Corporation by 4.4% in the first quarter. Mason Street Advisors LLC now owns 4,088 shares of the industrial products company’s stock valued at $327,000 after buying an additional 174 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its stake in shares of Kaiser Aluminum Corporation by 1.9% in the first quarter. Thrivent Financial For Lutherans now owns 9,831 shares of the industrial products company’s stock valued at $785,000 after buying an additional 180 shares during the last quarter. Institutional investors and hedge funds own 98.74% of the company’s stock.

Kaiser Aluminum Corporation (KALU) traded down 0.46% during midday trading on Friday, reaching $95.47. The company’s stock had a trading volume of 150,166 shares. The firm has a market capitalization of $1.61 billion, a PE ratio of 20.97 and a beta of 0.54. Kaiser Aluminum Corporation has a 52 week low of $69.41 and a 52 week high of $98.72. The stock has a 50 day moving average of $93.03 and a 200 day moving average of $84.11.

Kaiser Aluminum Corporation (NASDAQ:KALU) last posted its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.46. Kaiser Aluminum Corporation had a return on equity of 11.71% and a net margin of 5.87%. The business had revenue of $356 million during the quarter, compared to analysts’ expectations of $349.62 million. During the same quarter in the previous year, the firm earned $1.02 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. On average, equities research analysts predict that Kaiser Aluminum Corporation will post $5.47 earnings per share for the current fiscal year.

Kaiser Aluminum Corporation declared that its board has authorized a stock repurchase program on Monday, April 17th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the industrial products company to reacquire up to 7.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Thursday, July 27th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, July 25th. This represents a $2.00 annualized dividend and a dividend yield of 2.09%. Kaiser Aluminum Corporation’s dividend payout ratio is presently 44.44%.

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Several equities research analysts recently commented on the company. Deutsche Bank AG reiterated a “buy” rating on shares of Kaiser Aluminum Corporation in a report on Saturday, June 24th. Cowen and Company reiterated an “outperform” rating and set a $96.00 target price (up from $92.00) on shares of Kaiser Aluminum Corporation in a report on Friday, April 21st. Zacks Investment Research upgraded Kaiser Aluminum Corporation from a “sell” rating to a “hold” rating in a report on Friday, July 14th. Morgan Stanley reiterated an “equal weight” rating and set a $87.00 target price (up from $80.00) on shares of Kaiser Aluminum Corporation in a report on Tuesday, July 25th. Finally, BidaskClub downgraded Kaiser Aluminum Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Kaiser Aluminum Corporation has a consensus rating of “Hold” and an average target price of $96.13.

In related news, Director Carolyn Bartholomew sold 1,000 shares of the business’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $92.00, for a total transaction of $92,000.00. Following the completion of the transaction, the director now owns 14,344 shares of the company’s stock, valued at approximately $1,319,648. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Del L. Miller sold 1,282 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $96.81, for a total value of $124,110.42. The disclosure for this sale can be found here. Insiders have sold a total of 13,599 shares of company stock valued at $1,260,787 in the last three months. 3.00% of the stock is owned by insiders.

Kaiser Aluminum Corporation Company Profile

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.

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

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