Kaiser Aluminum Co. (NASDAQ:KALU) Shares Sold by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. cut its holdings in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 53.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 340,215 shares of the industrial products company's stock after selling 392,644 shares during the quarter. Deprince Race & Zollo Inc. owned 2.12% of Kaiser Aluminum worth $29,905,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. National Bank of Canada FI bought a new position in shares of Kaiser Aluminum in the second quarter worth $32,000. GAMMA Investing LLC grew its position in Kaiser Aluminum by 400.0% during the first quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company's stock valued at $48,000 after acquiring an additional 432 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Kaiser Aluminum during the second quarter worth approximately $63,000. EntryPoint Capital LLC boosted its stake in shares of Kaiser Aluminum by 79.7% in the 1st quarter. EntryPoint Capital LLC now owns 861 shares of the industrial products company's stock valued at $77,000 after purchasing an additional 382 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Kaiser Aluminum by 941.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 906 shares of the industrial products company's stock valued at $81,000 after purchasing an additional 819 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company's stock.

Wall Street Analyst Weigh In

Separately, Benchmark increased their target price on shares of Kaiser Aluminum from $84.00 to $100.00 and gave the stock a "buy" rating in a report on Friday, July 12th.

Insider Activity at Kaiser Aluminum

In other Kaiser Aluminum news, CEO Keith Harvey bought 2,588 shares of Kaiser Aluminum stock in a transaction dated Monday, July 29th. The shares were purchased at an average cost of $77.23 per share, for a total transaction of $199,871.24. Following the acquisition, the chief executive officer now directly owns 103,550 shares in the company, valued at approximately $7,997,166.50. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.50% of the stock is owned by corporate insiders.

Kaiser Aluminum Stock Performance

Shares of KALU traded up $2.90 during mid-day trading on Thursday, hitting $73.12. 142,168 shares of the company traded hands, compared to its average volume of 141,914. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 21.26 and a beta of 1.33. Kaiser Aluminum Co. has a 1 year low of $53.67 and a 1 year high of $102.42. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.42 and a current ratio of 2.55. The stock has a 50-day moving average price of $73.08 and a two-hundred day moving average price of $84.82.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.29). Kaiser Aluminum had a return on equity of 6.84% and a net margin of 1.37%. The business had revenue of $773.40 million during the quarter, compared to the consensus estimate of $773.89 million. During the same quarter in the previous year, the business posted $1.26 earnings per share. The firm's revenue was down 5.0% on a year-over-year basis. Equities analysts anticipate that Kaiser Aluminum Co. will post 3.04 earnings per share for the current year.

Kaiser Aluminum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, July 25th were paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend was Thursday, July 25th. Kaiser Aluminum's dividend payout ratio (DPR) is 89.53%.

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.