Kaiser Aluminum Co. (NASDAQ:KALU) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC trimmed its position in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 5.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,592 shares of the industrial products company’s stock after selling 398 shares during the period. Orion Portfolio Solutions LLC’s holdings in Kaiser Aluminum were worth $551,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in KALU. Tributary Capital Management LLC increased its holdings in shares of Kaiser Aluminum by 0.3% during the 2nd quarter. Tributary Capital Management LLC now owns 271,976 shares of the industrial products company’s stock worth $23,907,000 after buying an additional 856 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Kaiser Aluminum by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 206,505 shares of the industrial products company’s stock worth $18,152,000 after buying an additional 3,039 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Kaiser Aluminum by 3,349.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 31,254 shares of the industrial products company’s stock worth $2,747,000 after buying an additional 30,348 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Kaiser Aluminum by 3.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 12,430 shares of the industrial products company’s stock worth $1,093,000 after buying an additional 397 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. increased its holdings in shares of Kaiser Aluminum by 532,185.7% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 37,260 shares of the industrial products company’s stock worth $3,275,000 after buying an additional 37,253 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Kaiser Aluminum Trading Down 1.5 %

KALU stock opened at $75.18 on Wednesday. Kaiser Aluminum Co. has a 52 week low of $59.52 and a 52 week high of $102.42. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 26.01 and a beta of 1.33. The company has a quick ratio of 1.36, a current ratio of 2.60 and a debt-to-equity ratio of 1.56. The business has a fifty day simple moving average of $77.88 and a 200-day simple moving average of $78.96.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.16). Kaiser Aluminum had a net margin of 1.59% and a return on equity of 6.92%. The company had revenue of $748.00 million during the quarter, compared to analyst estimates of $793.30 million. During the same quarter in the prior year, the company posted $0.46 earnings per share. The firm’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts expect that Kaiser Aluminum Co. will post 2.63 EPS for the current year.

Kaiser Aluminum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 25th were issued a $0.77 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $3.08 annualized dividend and a yield of 4.10%. Kaiser Aluminum’s dividend payout ratio is currently 106.57%.

Kaiser Aluminum 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.