Kaiser Aluminum Co. (NASDAQ:KALU) Shares Sold by Trust Point Inc.

Trust Point Inc. lowered its holdings in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 52.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,112 shares of the industrial products company's stock after selling 5,580 shares during the quarter. Trust Point Inc.'s holdings in Kaiser Aluminum were worth $359,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Barclays PLC raised its stake in Kaiser Aluminum by 101.3% in the third quarter. Barclays PLC now owns 27,454 shares of the industrial products company's stock worth $1,991,000 after buying an additional 13,813 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Kaiser Aluminum by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 294,502 shares of the industrial products company's stock valued at $21,357,000 after acquiring an additional 7,644 shares during the period. Principal Financial Group Inc. raised its position in shares of Kaiser Aluminum by 6.7% in the 3rd quarter. Principal Financial Group Inc. now owns 84,370 shares of the industrial products company's stock worth $6,119,000 after acquiring an additional 5,287 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Kaiser Aluminum by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 376,745 shares of the industrial products company's stock worth $27,326,000 after purchasing an additional 4,388 shares during the last quarter. Finally, Tributary Capital Management LLC boosted its position in Kaiser Aluminum by 9.3% during the fourth quarter. Tributary Capital Management LLC now owns 269,315 shares of the industrial products company's stock valued at $18,925,000 after purchasing an additional 22,839 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company's stock.

Kaiser Aluminum Stock Down 1.1 %

KALU traded down $0.78 on Friday, hitting $70.70. The company had a trading volume of 118,094 shares, compared to its average volume of 79,452. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 24.46 and a beta of 1.34. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.60. The stock has a fifty day moving average price of $73.06 and a 200-day moving average price of $73.67. Kaiser Aluminum Co. has a 12-month low of $60.71 and a 12-month high of $102.42.

Kaiser Aluminum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 24th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $3.08 annualized dividend and a yield of 4.36%. Kaiser Aluminum's dividend payout ratio (DPR) is 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.