Victory Capital Management Inc. Lowers Position in Kaiser Aluminum Co. (NASDAQ:KALU)

Victory Capital Management Inc. lowered its holdings in shares of Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 46.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 451,763 shares of the industrial products company's stock after selling 396,203 shares during the period. Victory Capital Management Inc. owned about 2.81% of Kaiser Aluminum worth $31,745,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Point72 DIFC Ltd bought a new stake in Kaiser Aluminum in the third quarter valued at approximately $41,000. Jones Financial Companies Lllp bought a new stake in shares of Kaiser Aluminum in the 4th quarter valued at $52,000. KBC Group NV increased its position in shares of Kaiser Aluminum by 93.0% during the fourth quarter. KBC Group NV now owns 851 shares of the industrial products company's stock worth $60,000 after buying an additional 410 shares during the period. Millburn Ridgefield Corp acquired a new position in Kaiser Aluminum in the third quarter valued at $169,000. Finally, Virtu Financial LLC bought a new stake in Kaiser Aluminum during the third quarter valued at $217,000. Institutional investors and hedge funds own 99.29% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Kaiser Aluminum from a "sell" rating to a "hold" rating in a research report on Friday, March 7th.

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Kaiser Aluminum Trading Up 3.2 %

Shares of KALU stock traded up $2.17 during trading hours on Thursday, hitting $69.17. 124,176 shares of the company were exchanged, compared to its average volume of 133,396. The company has a 50 day simple moving average of $70.84 and a two-hundred day simple moving average of $73.31. The firm has a market cap of $1.11 billion, a P/E ratio of 24.10 and a beta of 1.37. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.44. Kaiser Aluminum Co. has a fifty-two week low of $63.44 and a fifty-two week high of $102.42.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.63 by ($0.30). The company had revenue of $765.40 million during the quarter, compared to analyst estimates of $752.00 million. Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. During the same quarter in the previous year, the business posted $0.60 earnings per share. Equities analysts anticipate that Kaiser Aluminum Co. will post 5.14 EPS for the current year.

Kaiser Aluminum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 24th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 4.45%. The ex-dividend date of this dividend was Friday, January 24th. Kaiser Aluminum's payout ratio is currently 107.32%.

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.