Victory Capital Management Inc. boosted its stake in Kaiser Aluminum Corporation (NASDAQ:KALU) by 1.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 503,984 shares of the industrial products company’s stock after buying an additional 5,577 shares during the period. Victory Capital Management Inc. owned approximately 2.99% of Kaiser Aluminum Corporation worth $44,613,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Teachers Advisors LLC boosted its position in Kaiser Aluminum Corporation by 2.1% in the fourth quarter. Teachers Advisors LLC now owns 29,262 shares of the industrial products company’s stock valued at $2,273,000 after buying an additional 613 shares during the last quarter. Adams Diversified Equity Fund Inc. boosted its position in Kaiser Aluminum Corporation by 53.4% in the first quarter. Adams Diversified Equity Fund Inc. now owns 13,500 shares of the industrial products company’s stock valued at $1,079,000 after buying an additional 4,700 shares during the last quarter. Geneva Advisors LLC boosted its position in Kaiser Aluminum Corporation by 8.9% in the first quarter. Geneva Advisors LLC now owns 6,535 shares of the industrial products company’s stock valued at $522,000 after buying an additional 532 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in Kaiser Aluminum Corporation by 4.8% in the first quarter. Great West Life Assurance Co. Can now owns 24,761 shares of the industrial products company’s stock valued at $1,977,000 after buying an additional 1,143 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Kaiser Aluminum Corporation by 69.3% in the first quarter. First Trust Advisors LP now owns 30,799 shares of the industrial products company’s stock valued at $2,461,000 after buying an additional 12,610 shares during the last quarter. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Kaiser Aluminum Corporation (KALU) opened at 96.33 on Wednesday. The company has a market cap of $1.62 billion, a PE ratio of 21.16 and a beta of 0.54. The company has a 50-day moving average price of $95.04 and a 200-day moving average price of $85.26. Kaiser Aluminum Corporation has a 1-year low of $69.41 and a 1-year high of $98.72.

Kaiser Aluminum Corporation (NASDAQ:KALU) last issued its earnings results on Wednesday, July 19th. The industrial products company reported $1.47 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.46. The business had revenue of $356 million during the quarter, compared to analysts’ expectations of $349.62 million. Kaiser Aluminum Corporation had a net margin of 5.87% and a return on equity of 11.71%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.02 earnings per share. On average, analysts expect that Kaiser Aluminum Corporation will post $5.47 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Thursday, July 27th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend was Tuesday, July 25th. Kaiser Aluminum Corporation’s dividend payout ratio (DPR) is 44.44%.

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KALU has been the topic of several research analyst reports. BidaskClub raised shares of Kaiser Aluminum Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Kaiser Aluminum Corporation in a report on Saturday, June 24th. Zacks Investment Research cut shares of Kaiser Aluminum Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Bank of America Corporation upped their price target on shares of Kaiser Aluminum Corporation from $79.00 to $85.00 and gave the stock an “underperform” rating in a report on Friday, July 21st. 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 investment analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Kaiser Aluminum Corporation presently has an average rating of “Buy” and a consensus price target of $96.13.

In other news, Director Alfred E. Osborne, Jr. sold 2,000 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $94.56, for a total value of $189,120.00. Following the completion of the sale, the director now directly owns 15,622 shares in the company, valued at $1,477,216.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Carolyn Bartholomew sold 1,000 shares of the stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $92.00, for a total transaction of $92,000.00. Following the completion of the sale, the director now owns 14,344 shares of the company’s stock, valued at $1,319,648. The disclosure for this sale can be found here. Insiders sold 20,714 shares of company stock valued at $1,937,826 over the last quarter. Company 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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