Victory Capital Management Inc. Sells 396,203 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

Victory Capital Management Inc. lessened its stake in Kaiser Aluminum Co. (NASDAQ:KALU) by 46.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 451,763 shares of the industrial products company’s stock after selling 396,203 shares during the quarter. Victory Capital Management Inc.’s holdings in Kaiser Aluminum were worth $31,745,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Empowered Funds LLC bought a new stake in shares of Kaiser Aluminum in the 4th quarter worth approximately $3,878,000. Barclays PLC raised its holdings in shares of Kaiser Aluminum by 101.3% in the 3rd quarter. Barclays PLC now owns 27,454 shares of the industrial products company’s stock worth $1,991,000 after purchasing an additional 13,813 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Kaiser Aluminum by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 294,502 shares of the industrial products company’s stock worth $21,357,000 after purchasing an additional 7,644 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Kaiser Aluminum by 6.7% in the 3rd quarter. Principal Financial Group Inc. now owns 84,370 shares of the industrial products company’s stock worth $6,119,000 after purchasing an additional 5,287 shares during the period. Finally, Leisure Capital Management bought a new stake in shares of Kaiser Aluminum in the 4th quarter worth approximately $697,000. Institutional investors own 99.29% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Kaiser Aluminum Stock Up 1.9 %

Kaiser Aluminum stock opened at $68.75 on Monday. Kaiser Aluminum Co. has a 1-year low of $63.44 and a 1-year high of $102.42. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 23.95 and a beta of 1.37. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. The firm has a 50 day simple moving average of $71.04 and a 200 day simple moving average of $73.43.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $752.00 million. During the same quarter in the prior year, the firm posted $0.60 earnings per share. On average, analysts predict that Kaiser Aluminum Co. will post 5.14 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The company also recently declared 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. The ex-dividend date was Friday, January 24th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.48%. Kaiser Aluminum’s dividend payout ratio (DPR) is currently 107.32%.

Kaiser Aluminum Company Profile

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.