Kaiser Aluminum Co. (NASDAQ:KALU) Holdings Trimmed by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its position in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 18.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 75,764 shares of the industrial products company's stock after selling 17,494 shares during the quarter. Assenagon Asset Management S.A. owned about 0.47% of Kaiser Aluminum worth $5,494,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Kaiser Aluminum by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 1,887,751 shares of the industrial products company's stock worth $134,389,000 after purchasing an additional 10,676 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Kaiser Aluminum by 941.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 906 shares of the industrial products company's stock valued at $81,000 after buying an additional 819 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Kaiser Aluminum by 20.6% during the first quarter. BNP Paribas Financial Markets now owns 15,780 shares of the industrial products company's stock worth $1,410,000 after buying an additional 2,695 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Kaiser Aluminum by 16.6% in the first quarter. Janney Montgomery Scott LLC now owns 4,031 shares of the industrial products company's stock worth $360,000 after acquiring an additional 573 shares in the last quarter. Finally, Central Pacific Bank Trust Division purchased a new position in shares of Kaiser Aluminum in the 1st quarter valued at $476,000. Institutional investors and hedge funds own 99.29% of the company's stock.

Analyst Upgrades and Downgrades

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

Kaiser Aluminum Stock Performance

Shares of NASDAQ:KALU traded up $0.24 during trading on Wednesday, hitting $76.75. 236,270 shares of the company traded hands, compared to its average volume of 146,653. The company has a quick ratio of 1.42, a current ratio of 2.55 and a debt-to-equity ratio of 1.57. The business's fifty day moving average is $71.47 and its 200-day moving average is $82.55. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 22.31 and a beta of 1.33. Kaiser Aluminum Co. has a one year low of $54.28 and a one year high of $102.42.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.16). The firm had revenue of $748.00 million for the quarter, compared to analyst estimates of $793.30 million. Kaiser Aluminum had a net margin of 1.37% and a return on equity of 6.84%. The business's revenue was up .5% compared to the same quarter last year. During the same period last year, the firm posted $0.46 EPS. As a group, equities analysts predict that Kaiser Aluminum Co. will post 2.99 earnings per share for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 25th will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, October 25th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.01%. Kaiser Aluminum's dividend payout ratio (DPR) is presently 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.