Kaiser Aluminum Co. (NASDAQ:KALU) Stake Cut by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its holdings in Kaiser Aluminum Co. (NASDAQ:KALU) by 2.4% in the third quarter, HoldingsChannel.com reports. The firm owned 49,316 shares of the industrial products company’s stock after selling 1,210 shares during the period. Thrivent Financial for Lutherans’ holdings in Kaiser Aluminum were worth $3,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Chesapeake Capital Corp IL raised its position in shares of Kaiser Aluminum by 27.9% during the 3rd quarter. Chesapeake Capital Corp IL now owns 6,471 shares of the industrial products company’s stock worth $474,000 after purchasing an additional 1,412 shares during the period. GSA Capital Partners LLP grew its stake in Kaiser Aluminum by 91.6% during the 3rd quarter. GSA Capital Partners LLP now owns 9,121 shares of the industrial products company’s stock worth $661,000 after buying an additional 4,360 shares during the last quarter. Versor Investments LP acquired a new stake in Kaiser Aluminum in the third quarter worth $319,000. Principal Financial Group Inc. lifted its stake in Kaiser Aluminum by 6.7% in the third quarter. Principal Financial Group Inc. now owns 84,370 shares of the industrial products company’s stock valued at $6,119,000 after buying an additional 5,287 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in shares of Kaiser Aluminum by 6.0% during the third quarter. QRG Capital Management Inc. now owns 3,810 shares of the industrial products company’s stock valued at $276,000 after acquiring an additional 214 shares during the period. Institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Stock Up 2.6 %

Kaiser Aluminum stock opened at $83.78 on Tuesday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.60. Kaiser Aluminum Co. has a one year low of $57.52 and a one year high of $102.42. The company has a 50-day simple moving average of $75.09 and a 200-day simple moving average of $81.04. The firm has a market capitalization of $1.35 billion, a P/E ratio of 28.99 and a beta of 1.32.

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

Kaiser Aluminum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 25th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend was Friday, October 25th. Kaiser Aluminum’s dividend payout ratio is currently 106.57%.

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.