The Manufacturers Life Insurance Company Has $562,000 Position in Kaiser Aluminum Co. (NASDAQ:KALU)

The Manufacturers Life Insurance Company lessened its holdings in Kaiser Aluminum Co. (NASDAQ:KALU) by 1.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,752 shares of the industrial products company’s stock after selling 141 shares during the period. The Manufacturers Life Insurance Company’s holdings in Kaiser Aluminum were worth $562,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of KALU. Assenagon Asset Management S.A. boosted its position in Kaiser Aluminum by 17.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 93,258 shares of the industrial products company’s stock worth $8,197,000 after acquiring an additional 13,900 shares during the period. Algert Global LLC boosted its holdings in shares of Kaiser Aluminum by 26.2% during the second quarter. Algert Global LLC now owns 60,647 shares of the industrial products company’s stock worth $5,331,000 after purchasing an additional 12,584 shares during the period. Charles Schwab Investment Management Inc. grew its position in 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 valued at $21,357,000 after purchasing an additional 7,644 shares in the last quarter. ClariVest Asset Management LLC acquired a new position in Kaiser Aluminum in the 2nd quarter valued at approximately $2,999,000. Finally, CWM LLC lifted its position in Kaiser Aluminum by 125.3% in the 3rd quarter. CWM LLC now owns 1,282 shares of the industrial products company’s stock worth $93,000 after buying an additional 713 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Trading Down 1.5 %

Shares of NASDAQ:KALU opened at $76.26 on Friday. Kaiser Aluminum Co. has a 12-month low of $59.52 and a 12-month high of $102.42. The company has a quick ratio of 1.36, a current ratio of 2.60 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $1.23 billion, a P/E ratio of 26.39 and a beta of 1.33. The firm has a fifty day moving average of $77.70 and a two-hundred day moving average of $79.42.

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

Kaiser Aluminum Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 25th were issued a $0.77 dividend. The ex-dividend date was Friday, October 25th. This represents a $3.08 dividend on an annualized basis and a yield of 4.04%. Kaiser Aluminum’s dividend payout ratio is currently 106.57%.

Kaiser Aluminum 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.