Victory Capital Management Inc. Has $61.49 Million Position in Kaiser Aluminum Co. (NASDAQ:KALU)

Victory Capital Management Inc. lessened its position in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 9.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 847,966 shares of the industrial products company's stock after selling 91,128 shares during the quarter. Victory Capital Management Inc. owned 5.27% of Kaiser Aluminum worth $61,494,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. GSA Capital Partners LLP raised its position in shares of Kaiser Aluminum by 91.6% during the 3rd quarter. GSA Capital Partners LLP now owns 9,121 shares of the industrial products company's stock valued at $661,000 after buying an additional 4,360 shares in the last quarter. Versor Investments LP acquired a new stake in shares of Kaiser Aluminum during the third quarter worth $319,000. Principal Financial Group Inc. raised its holdings in shares of Kaiser Aluminum by 6.7% during the third quarter. Principal Financial Group Inc. now owns 84,370 shares of the industrial products company's stock worth $6,119,000 after purchasing an additional 5,287 shares during the last quarter. QRG Capital Management Inc. increased its holdings in Kaiser Aluminum by 6.0% in the third quarter. QRG Capital Management Inc. now owns 3,810 shares of the industrial products company's stock valued at $276,000 after buying an additional 214 shares in the last quarter. Finally, Everence Capital Management Inc. increased its stake in shares of Kaiser Aluminum by 89.3% during the third quarter. Everence Capital Management Inc. now owns 4,580 shares of the industrial products company's stock worth $332,000 after purchasing an additional 2,160 shares in the last quarter. 99.29% of the stock is owned by institutional investors.

Kaiser Aluminum Trading Up 0.4 %

NASDAQ:KALU traded up $0.36 on Friday, hitting $81.72. The stock had a trading volume of 46,125 shares, compared to its average volume of 146,227. The company has a fifty day moving average price of $73.28 and a two-hundred day moving average price of $81.92. Kaiser Aluminum Co. has a 1-year low of $57.52 and a 1-year high of $102.42. The company has a quick ratio of 1.36, a current ratio of 2.60 and a debt-to-equity ratio of 1.56. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 28.15 and a beta of 1.32.

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 analysts' consensus estimates of $0.67 by ($0.16). Kaiser Aluminum had a net margin of 1.59% and a return on equity of 6.92%. The company had revenue of $748.00 million during the quarter, compared to analysts' expectations of $793.30 million. During the same quarter in the prior year, the business earned $0.46 EPS. The business's revenue for the quarter was up .5% compared to the same quarter last year. Equities research analysts expect that Kaiser Aluminum Co. will post 2.63 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The company 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. This represents a $3.08 annualized dividend and a dividend yield of 3.77%. The ex-dividend date is Friday, October 25th. Kaiser Aluminum's dividend payout ratio (DPR) is 106.57%.

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.