Illinois Municipal Retirement Fund Reduces Holdings in Kaiser Aluminum Co. (NASDAQ:KALU)

Illinois Municipal Retirement Fund decreased its holdings in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 2.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 8,781 shares of the industrial products company’s stock after selling 243 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.05% of Kaiser Aluminum worth $617,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of KALU. Point72 DIFC Ltd purchased a new stake in shares of Kaiser Aluminum during the third quarter worth about $41,000. KBC Group NV grew its stake in shares of Kaiser Aluminum by 93.0% during the fourth quarter. KBC Group NV now owns 851 shares of the industrial products company’s stock worth $60,000 after acquiring an additional 410 shares during the last quarter. Millburn Ridgefield Corp purchased a new stake in shares of Kaiser Aluminum during the third quarter worth about $169,000. Virtu Financial LLC purchased a new stake in shares of Kaiser Aluminum during the third quarter worth about $217,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Kaiser Aluminum during the third quarter worth about $247,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Kaiser Aluminum from a “hold” rating to a “sell” rating in a report on Friday, February 21st.

Kaiser Aluminum Trading Down 3.0 %

Kaiser Aluminum stock opened at $68.62 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 1.56. Kaiser Aluminum Co. has a 52 week low of $63.44 and a 52 week high of $102.42. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 23.91 and a beta of 1.34. The stock has a 50-day moving average price of $71.18 and a 200 day moving average price of $73.50.

Kaiser Aluminum (NASDAQ:KALU) last released its earnings results on Wednesday, February 19th. The industrial products company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.30). Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. The firm had revenue of $765.40 million for the quarter, compared to analyst estimates of $752.00 million. During the same period last year, the firm earned $0.60 EPS. Sell-side analysts anticipate that Kaiser Aluminum Co. will post 5.14 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 24th were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date was Friday, January 24th. Kaiser Aluminum’s payout ratio is presently 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.