Today: Today, Kaiser Aluminum Corp. (KALU) Stake Decreased by Dalton Greiner Hartman Maher & Co.

Today, Kaiser Aluminum Corp. (KALU) Stake Decreased by Dalton Greiner Hartman Maher & Co.

Dalton Greiner Hartman Maher & Co. cut its position in Kaiser Aluminum Corp. (NASDAQ:KALU) by 7.3% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 145,683 shares of the company’s stock after selling 11,425 shares during the period. Dalton Greiner Hartman Maher & Co.’s holdings in Kaiser Aluminum Corp. were worth $12,600,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of KALU. Wellington Management Group LLP raised its stake in shares of Kaiser Aluminum Corp. by 4.1% in the first quarter. Wellington Management Group LLP now owns 218,258 shares of the company’s stock valued at $18,451,000 after buying an additional 8,648 shares in the last quarter. AMP Capital Investors Ltd bought a new stake in shares of Kaiser Aluminum Corp. during the first quarter valued at approximately $417,000. BNP Paribas Arbitrage SA raised its stake in shares of Kaiser Aluminum Corp. by 115.5% in the second quarter. BNP Paribas Arbitrage SA now owns 6,694 shares of the company’s stock valued at $605,000 after buying an additional 3,588 shares in the last quarter. Capstone Asset Management Co. raised its stake in shares of Kaiser Aluminum Corp. by 5.1% in the second quarter. Capstone Asset Management Co. now owns 5,513 shares of the company’s stock valued at $498,000 after buying an additional 270 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Kaiser Aluminum Corp. by 70.7% in the second quarter. Acadian Asset Management LLC now owns 675,042 shares of the company’s stock valued at $61,031,000 after buying an additional 279,517 shares in the last quarter. Institutional investors and hedge funds own 98.16% of the company’s stock.

Shares of Kaiser Aluminum Corp. (NASDAQ:KALU) traded down 1.309% during trading on Monday, reaching $84.035. 103,249 shares of the company traded hands. Kaiser Aluminum Corp. has a 52 week low of $69.41 and a 52 week high of $96.06. The company’s 50-day moving average price is $78.10 and its 200-day moving average price is $84.25. The company has a market capitalization of $1.50 billion, a P/E ratio of 18.737 and a beta of 0.56.

Kaiser Aluminum Corp. (NASDAQ:KALU) last announced its quarterly earnings data on Wednesday, October 19th. The company reported $1.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by $0.25. Kaiser Aluminum Corp. had a net margin of 6.12% and a return on equity of 9.46%. The firm had revenue of $321 million for the quarter, compared to analysts’ expectations of $333.46 million. During the same period last year, the company posted $1.07 earnings per share. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. Equities research analysts forecast that Kaiser Aluminum Corp. will post $4.77 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, October 25th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.14%. The ex-dividend date was Friday, October 21st. Kaiser Aluminum Corp.’s dividend payout ratio (DPR) is 40.72%.

Several brokerages have commented on KALU. Zacks Investment Research raised shares of Kaiser Aluminum Corp. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 9th. TheStreet lowered shares of Kaiser Aluminum Corp. from a “buy” rating to a “hold” rating in a research report on Friday, October 21st. Seaport Global Securities assumed coverage on shares of Kaiser Aluminum Corp. in a research report on Friday, September 9th. They issued a “buy” rating and a $100.00 price objective on the stock. Finally, Macquarie assumed coverage on shares of Kaiser Aluminum Corp. in a research note on Tuesday, September 6th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $93.33.

About Kaiser Aluminum Corp.

Kaiser Aluminum Corporation is engaged in the production of semi-fabricated specialty aluminum products. The Company manufactures aluminum plate and sheet, and extruded and drawn products, primarily used in aerospace/high strength, automotive, general engineering and other industrial end market applications.

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