Kaiser Aluminum Corp. (KALU) Position Lessened by LSV Asset Management

LSV Asset Management lessened its stake in Kaiser Aluminum Corp. (NASDAQ:KALU) by 27.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 293,948 shares of the industrial products company’s stock after selling 113,100 shares during the period. LSV Asset Management owned about 1.74% of Kaiser Aluminum worth $31,408,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Shell Asset Management Co. grew its stake in shares of Kaiser Aluminum by 80.6% in the third quarter. Shell Asset Management Co. now owns 31,579 shares of the industrial products company’s stock worth $2,407,000 after acquiring an additional 14,089 shares in the last quarter. Sterling Capital Management LLC acquired a new position in shares of Kaiser Aluminum during the third quarter worth $1,156,000. Vident Investment Advisory LLC acquired a new position in shares of Kaiser Aluminum during the third quarter worth $2,751,000. State Street Corp grew its stake in shares of Kaiser Aluminum by 7.9% during the second quarter. State Street Corp now owns 686,950 shares of the industrial products company’s stock worth $60,811,000 after purchasing an additional 50,201 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new position in shares of Kaiser Aluminum during the second quarter worth $1,328,000. Hedge funds and other institutional investors own 98.77% of the company’s stock.

Shares of Kaiser Aluminum Corp. (NASDAQ KALU) traded up $1.55 on Wednesday, reaching $106.74. 78,800 shares of the company’s stock traded hands, compared to its average volume of 108,988. The company has a quick ratio of 2.55, a current ratio of 3.75 and a debt-to-equity ratio of 0.47. Kaiser Aluminum Corp. has a one year low of $74.56 and a one year high of $116.86. The firm has a market capitalization of $1,778.11, a price-to-earnings ratio of 20.39, a P/E/G ratio of 1.09 and a beta of 0.56.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 26th will be given a dividend of $0.55 per share. This is a positive change from Kaiser Aluminum’s previous quarterly dividend of $0.50. This represents a $2.20 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, January 25th. Kaiser Aluminum’s dividend payout ratio is presently 45.45%.

A number of brokerages recently commented on KALU. BidaskClub downgraded shares of Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 3rd. Zacks Investment Research cut shares of Kaiser Aluminum from a “hold” rating to a “sell” rating in a report on Wednesday, January 17th. Deutsche Bank cut shares of Kaiser Aluminum from a “buy” rating to a “hold” rating and set a $104.00 target price for the company. in a report on Tuesday, October 17th. Morgan Stanley upped their target price on shares of Kaiser Aluminum from $87.00 to $101.00 and gave the company an “equal weight” rating in a report on Thursday, November 16th. Finally, Credit Suisse Group upped their target price on shares of Kaiser Aluminum from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Kaiser Aluminum has a consensus rating of “Hold” and a consensus target price of $101.29.

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Kaiser Aluminum 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.

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

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