Kaiser Aluminum Co. (NASDAQ:KALU) Shares Acquired by Texas Permanent School Fund

Texas Permanent School Fund grew its position in Kaiser Aluminum Co. (NASDAQ:KALUGet Rating) by 2.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,469 shares of the industrial products company’s stock after acquiring an additional 223 shares during the period. Texas Permanent School Fund’s holdings in Kaiser Aluminum were worth $907,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of KALU. Pinebridge Investments L.P. raised its position in shares of Kaiser Aluminum by 278.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 378 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 278 shares during the last quarter. Captrust Financial Advisors raised its position in shares of Kaiser Aluminum by 76.1% during the 1st quarter. Captrust Financial Advisors now owns 1,016 shares of the industrial products company’s stock worth $96,000 after purchasing an additional 439 shares during the last quarter. First Horizon Advisors Inc. raised its position in shares of Kaiser Aluminum by 1,588.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,300 shares of the industrial products company’s stock worth $101,000 after purchasing an additional 1,223 shares during the last quarter. KBC Group NV acquired a new position in shares of Kaiser Aluminum during the 2nd quarter worth about $109,000. Finally, Profund Advisors LLC acquired a new position in shares of Kaiser Aluminum during the 1st quarter worth about $207,000. Institutional investors and hedge funds own 99.59% of the company’s stock.

Kaiser Aluminum Stock Down 3.1 %

Shares of NASDAQ KALU opened at $88.63 on Monday. Kaiser Aluminum Co. has a 12-month low of $59.24 and a 12-month high of $107.41. The stock has a market cap of $1.41 billion, a PE ratio of -984.67 and a beta of 1.20. The company has a current ratio of 2.41, a quick ratio of 1.26 and a debt-to-equity ratio of 1.62. The company has a 50-day moving average of $75.60 and a 200 day moving average of $80.00.

Kaiser Aluminum (NASDAQ:KALUGet Rating) last posted its quarterly earnings results on Thursday, October 20th. The industrial products company reported $0.60 earnings per share for the quarter, beating the consensus estimate of ($0.57) by $1.17. Kaiser Aluminum had a negative net margin of 0.04% and a positive return on equity of 0.37%. The business had revenue of $749.00 million during the quarter, compared to analysts’ expectations of $682.83 million. During the same quarter in the prior year, the company posted $0.57 EPS. The business’s revenue for the quarter was down .3% on a year-over-year basis.

Kaiser Aluminum Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, October 25th were paid a $0.77 dividend. The ex-dividend date of this dividend was Monday, October 24th. This represents a $3.08 annualized dividend and a dividend yield of 3.48%. Kaiser Aluminum’s dividend payout ratio (DPR) is -3,421.84%.

Insider Activity

In other news, CFO Neal E. West sold 400 shares of the stock in a transaction that occurred on Monday, October 10th. The shares were sold at an average price of $67.85, for a total value of $27,140.00. Following the completion of the sale, the chief financial officer now owns 1,780 shares of the company’s stock, valued at approximately $120,773. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

KALU has been the subject of several research reports. Benchmark dropped their price objective on shares of Kaiser Aluminum from $120.00 to $105.00 and set an “outperform” rating for the company in a research note on Wednesday, July 27th. StockNews.com cut shares of Kaiser Aluminum from a “hold” rating to a “sell” rating in a research note on Friday, October 28th.

About Kaiser Aluminum

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Kaiser Aluminum Corporation engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. The company offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.

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

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