Thrivent Financial for Lutherans Sells 10,658 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

Thrivent Financial for Lutherans cut its position in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 21.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,658 shares of the industrial products company's stock after selling 10,658 shares during the quarter. Thrivent Financial for Lutherans owned about 0.24% of Kaiser Aluminum worth $2,716,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in KALU. Empowered Funds LLC bought a new stake in Kaiser Aluminum in the 4th quarter valued at about $3,878,000. Stephens Inc. AR purchased a new position in shares of Kaiser Aluminum in the fourth quarter worth about $3,150,000. Raymond James Financial Inc. bought a new stake in shares of Kaiser Aluminum in the fourth quarter valued at approximately $2,245,000. Systematic Financial Management LP lifted its stake in shares of Kaiser Aluminum by 12.2% during the 3rd quarter. Systematic Financial Management LP now owns 234,917 shares of the industrial products company's stock valued at $17,036,000 after buying an additional 25,494 shares in the last quarter. Finally, NFJ Investment Group LLC boosted its holdings in Kaiser Aluminum by 20.8% in the 3rd quarter. NFJ Investment Group LLC now owns 137,856 shares of the industrial products company's stock worth $9,997,000 after buying an additional 23,771 shares during the period. Hedge funds and other institutional investors own 99.29% of the company's stock.

Kaiser Aluminum Price Performance

KALU stock traded down $1.47 during mid-day trading on Monday, reaching $60.62. 186,007 shares of the company traded hands, compared to its average volume of 133,384. The company has a fifty day moving average price of $69.67 and a 200-day moving average price of $72.97. Kaiser Aluminum Co. has a 52-week low of $58.84 and a 52-week high of $102.42. The company has a market capitalization of $975.98 million, a P/E ratio of 21.12 and a beta of 1.37. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.44 and a quick ratio of 1.36.

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Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $0.33 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $752.00 million. During the same period in the prior year, the firm posted $0.60 EPS. As a group, analysts anticipate that Kaiser Aluminum Co. will post 5.14 earnings per share for the current year.

Kaiser Aluminum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 24th were given a $0.77 dividend. The ex-dividend date was Friday, January 24th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.08%. Kaiser Aluminum's dividend payout ratio (DPR) is presently 107.32%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Kaiser Aluminum from a "sell" rating to a "hold" rating in a report on Sunday, March 23rd.

About Kaiser Aluminum

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.