Aperio Group LLC raised its stake in Kaiser Aluminum Corporation (NASDAQ:KALU) by 3.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 16,990 shares of the industrial products company’s stock after buying an additional 494 shares during the period. Aperio Group LLC’s holdings in Kaiser Aluminum Corporation were worth $1,504,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Acrospire Investment Management LLC purchased a new position in Kaiser Aluminum Corporation during the first quarter valued at approximately $112,000. SG Americas Securities LLC purchased a new position in Kaiser Aluminum Corporation during the first quarter valued at approximately $119,000. Ameritas Investment Partners Inc. purchased a new position in Kaiser Aluminum Corporation during the first quarter valued at approximately $122,000. Schroder Investment Management Group purchased a new position in Kaiser Aluminum Corporation during the first quarter valued at approximately $214,000. Finally, Two Sigma Securities LLC purchased a new position in Kaiser Aluminum Corporation during the first quarter valued at approximately $217,000. 98.74% of the stock is owned by institutional investors and hedge funds.

Kaiser Aluminum Corporation (KALU) traded down 0.46% during trading on Friday, reaching $95.47. The company’s stock had a trading volume of 150,166 shares. The stock has a market cap of $1.61 billion, a P/E ratio of 20.97 and a beta of 0.54. The firm’s 50-day moving average is $93.03 and its 200-day moving average is $84.11. Kaiser Aluminum Corporation has a 52-week low of $69.41 and a 52-week high of $98.72.

Kaiser Aluminum Corporation (NASDAQ:KALU) last issued its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.46. Kaiser Aluminum Corporation had a return on equity of 11.71% and a net margin of 5.87%. The company had revenue of $356 million during the quarter, compared to analysts’ expectations of $349.62 million. During the same quarter in the previous year, the company posted $1.02 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis. Equities research analysts forecast that Kaiser Aluminum Corporation will post $5.47 EPS for the current year.

Kaiser Aluminum Corporation announced that its Board of Directors has initiated a share repurchase program on Monday, April 17th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the industrial products company to buy up to 7.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Thursday, July 27th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Tuesday, July 25th. Kaiser Aluminum Corporation’s dividend payout ratio is presently 44.44%.

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Several equities analysts have commented on KALU shares. BidaskClub cut Kaiser Aluminum Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Cowen and Company reaffirmed an “outperform” rating and issued a $96.00 price target (up previously from $92.00) on shares of Kaiser Aluminum Corporation in a report on Friday, April 21st. Bank of America Corporation upped their price target on Kaiser Aluminum Corporation from $79.00 to $85.00 and gave the company an “underperform” rating in a report on Friday, July 21st. Zacks Investment Research raised Kaiser Aluminum Corporation from a “sell” rating to a “hold” rating and set a $95.00 price target for the company in a report on Wednesday, April 26th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $87.00 price target (up previously from $80.00) on shares of Kaiser Aluminum Corporation in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $96.13.

In other news, VP Mark Krouse sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $96.50, for a total transaction of $144,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Del L. Miller sold 817 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $97.07, for a total value of $79,306.19. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,599 shares of company stock valued at $1,260,787. Corporate insiders own 3.00% of the company’s stock.

Kaiser Aluminum Corporation Company 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.

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

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