Kaiser Aluminum Co. (NASDAQ:KALU) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. decreased its holdings in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,334 shares of the industrial products company’s stock after selling 190 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Kaiser Aluminum were worth $305,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in KALU. Advisors Asset Management Inc. acquired a new stake in shares of Kaiser Aluminum during the third quarter worth $1,457,000. Intech Investment Management LLC boosted its holdings in shares of Kaiser Aluminum by 578.6% during the third quarter. Intech Investment Management LLC now owns 28,991 shares of the industrial products company’s stock worth $2,102,000 after purchasing an additional 24,719 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Kaiser Aluminum by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 294,502 shares of the industrial products company’s stock worth $21,357,000 after purchasing an additional 7,644 shares during the last quarter. Algert Global LLC boosted its holdings in shares of Kaiser Aluminum by 2.5% during the third quarter. Algert Global LLC now owns 62,178 shares of the industrial products company’s stock worth $4,509,000 after purchasing an additional 1,531 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Kaiser Aluminum by 11.2% during the third quarter. Bank of Montreal Can now owns 73,250 shares of the industrial products company’s stock worth $5,360,000 after purchasing an additional 7,373 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Kaiser Aluminum from a “hold” rating to a “sell” rating in a report on Saturday, March 15th.

Kaiser Aluminum Price Performance

Shares of Kaiser Aluminum stock opened at $66.28 on Friday. Kaiser Aluminum Co. has a twelve month low of $63.44 and a twelve month high of $102.42. The stock has a market capitalization of $1.07 billion, a P/E ratio of 23.09 and a beta of 1.37. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. The business’s fifty day moving average price is $70.72 and its 200 day moving average price is $73.07.

Kaiser Aluminum (NASDAQ:KALU) last issued its earnings results on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.30). Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. The firm had revenue of $765.40 million during the quarter, compared to analyst estimates of $752.00 million. During the same quarter in the previous year, the business posted $0.60 EPS. As a group, research analysts anticipate that Kaiser Aluminum Co. will post 5.14 earnings per share for the current year.

Kaiser Aluminum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 24th were paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date of this dividend was Friday, January 24th. Kaiser Aluminum’s dividend 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.