Kaiser Aluminum Corporation (KALU) Shares Bought by Teachers Advisors LLC

Teachers Advisors LLC increased its stake in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 3.2% during the first quarter, Holdings Channel reports. The institutional investor owned 30,195 shares of the industrial products company’s stock after buying an additional 933 shares during the period. Teachers Advisors LLC’s holdings in Kaiser Aluminum Corporation were worth $2,413,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in shares of Kaiser Aluminum Corporation by 36,359.9% in the first quarter. Victory Capital Management Inc. now owns 498,407 shares of the industrial products company’s stock worth $39,823,000 after buying an additional 497,040 shares during the period. Aberdeen Asset Management PLC UK boosted its stake in shares of Kaiser Aluminum Corporation by 18.2% in the first quarter. Aberdeen Asset Management PLC UK now owns 627,706 shares of the industrial products company’s stock worth $50,154,000 after buying an additional 96,509 shares during the period. Robecosam AG boosted its stake in shares of Kaiser Aluminum Corporation by 150.0% in the first quarter. Robecosam AG now owns 125,000 shares of the industrial products company’s stock worth $9,900,000 after buying an additional 75,000 shares during the period. Paradice Investment Management LLC boosted its stake in shares of Kaiser Aluminum Corporation by 11.9% in the first quarter. Paradice Investment Management LLC now owns 540,207 shares of the industrial products company’s stock worth $43,163,000 after buying an additional 57,654 shares during the period. Finally, Granite Investment Partners LLC boosted its stake in shares of Kaiser Aluminum Corporation by 31.3% in the first quarter. Granite Investment Partners LLC now owns 138,044 shares of the industrial products company’s stock worth $11,030,000 after buying an additional 32,947 shares during the period. Institutional investors own 99.19% of the company’s stock.

Kaiser Aluminum Corporation (NASDAQ KALU) traded down 0.813% on Thursday, reaching $94.555. 5,789 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $93.84 and a 200 day moving average price of $84.46. Kaiser Aluminum Corporation has a 12-month low of $69.41 and a 12-month high of $98.72. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 20.768 and a beta of 0.54.

Kaiser Aluminum Corporation (NASDAQ:KALU) last released its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.01 by $0.46. The business had revenue of $356 million for the quarter, compared to the consensus estimate of $349.62 million. Kaiser Aluminum Corporation had a net margin of 5.87% and a return on equity of 11.71%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.02 EPS. Analysts forecast that Kaiser Aluminum Corporation will post $5.47 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Thursday, July 27th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Tuesday, July 25th. Kaiser Aluminum Corporation’s dividend payout ratio (DPR) is currently 44.44%.

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A number of equities research analysts have recently commented on the stock. BidaskClub upgraded shares of Kaiser Aluminum Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. Zacks Investment Research upgraded shares of Kaiser Aluminum Corporation from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a report on Friday, July 28th. Cowen and Company cut shares of Kaiser Aluminum Corporation from an “outperform” rating to a “market perform” rating and increased their price target for the company from $96.00 to $97.00 in a report on Monday, August 7th. They noted that the move was a valuation call. Deutsche Bank AG set a $100.00 price target on shares of Kaiser Aluminum Corporation and gave the company a “buy” rating in a report on Monday, July 31st. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $87.00 price target (up previously from $80.00) on shares of Kaiser Aluminum Corporation in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $96.13.

In related news, CEO Jack A. Hockema sold 9,000 shares of the business’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of $91.18, for a total value of $820,620.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Carolyn Bartholomew sold 1,000 shares of the business’s stock in a transaction on Monday, July 10th. The shares were 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 $1,319,648. The disclosure for this sale can be found here. Insiders sold a total of 18,714 shares of company stock worth $1,748,706 over the last ninety days. Insiders own 3.00% of the company’s stock.

About Kaiser Aluminum Corporation

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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