Victory Capital Management Inc. Has $54.34 Million Holdings in Kaiser Aluminum Corp. (KALU)

Victory Capital Management Inc. raised its position in shares of Kaiser Aluminum Corp. (NASDAQ:KALU) by 0.2% in the third quarter, HoldingsChannel reports. The firm owned 498,289 shares of the industrial products company’s stock after acquiring an additional 750 shares during the quarter. Victory Capital Management Inc.’s holdings in Kaiser Aluminum were worth $54,344,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new stake in shares of Kaiser Aluminum during the 1st quarter worth $268,000. Royal Bank of Canada boosted its stake in shares of Kaiser Aluminum by 8.2% during the 1st quarter. Royal Bank of Canada now owns 51,817 shares of the industrial products company’s stock worth $5,227,000 after acquiring an additional 3,919 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Kaiser Aluminum by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 143,854 shares of the industrial products company’s stock worth $14,515,000 after acquiring an additional 3,201 shares in the last quarter. Fisher Asset Management LLC bought a new stake in shares of Kaiser Aluminum during the 2nd quarter worth $15,122,000. Finally, Dalton Greiner Hartman Maher & Co. boosted its stake in shares of Kaiser Aluminum by 0.8% during the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 187,387 shares of the industrial products company’s stock worth $19,509,000 after acquiring an additional 1,415 shares in the last quarter. Institutional investors and hedge funds own 99.81% of the company’s stock.

Shares of Kaiser Aluminum stock opened at $99.82 on Thursday. The firm has a market capitalization of $1.64 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 1.08 and a beta of 0.88. The company has a quick ratio of 2.48, a current ratio of 3.50 and a debt-to-equity ratio of 0.49. Kaiser Aluminum Corp. has a 12 month low of $86.62 and a 12 month high of $119.66.

Kaiser Aluminum (NASDAQ:KALU) last issued its earnings results on Wednesday, October 17th. The industrial products company reported $1.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.55 by ($0.12). The business had revenue of $393.10 million during the quarter, compared to analyst estimates of $383.84 million. Kaiser Aluminum had a return on equity of 13.23% and a net margin of 3.41%. The business’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period last year, the business earned $0.90 EPS. As a group, analysts predict that Kaiser Aluminum Corp. will post 6.13 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, October 25th will be given a $0.55 dividend. The ex-dividend date is Wednesday, October 24th. This represents a $2.20 annualized dividend and a dividend yield of 2.20%. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 43.22%.

In other news, CEO Jack A. Hockema sold 4,500 shares of the firm’s stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $93.35, for a total value of $420,075.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.20% of the company’s stock.

KALU has been the subject of several research reports. BidaskClub raised Kaiser Aluminum from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Zacks Investment Research raised Kaiser Aluminum from a “hold” rating to a “buy” rating and set a $125.00 target price for the company in a research report on Saturday, July 28th. Jefferies Financial Group raised Kaiser Aluminum from a “hold” rating to a “buy” rating and set a $123.00 target price for the company in a research report on Tuesday, October 23rd. Finally, Morgan Stanley raised their target price on Kaiser Aluminum from $101.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $107.75.

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About Kaiser Aluminum

Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The company offers rolled, extruded, and drawn aluminum products used principally for aerospace and defense, automotive, consumer durables, electronics, electrical, and machinery and equipment applications.

Further Reading: Insider Trading – What You Need to Know

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

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