Victory Capital Management Inc. Has $31.75 Million Stock Holdings in Kaiser Aluminum Co. (NASDAQ:KALU)

Victory Capital Management Inc. cut its position in Kaiser Aluminum Co. (NASDAQ:KALU) by 46.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 451,763 shares of the industrial products company’s stock after selling 396,203 shares during the period. Victory Capital Management Inc. owned 2.81% of Kaiser Aluminum worth $31,745,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Point72 DIFC Ltd acquired a new stake in shares of Kaiser Aluminum in the 3rd quarter valued at about $41,000. Jones Financial Companies Lllp bought a new position in Kaiser Aluminum in the 4th quarter valued at about $52,000. KBC Group NV lifted its position in Kaiser Aluminum by 93.0% in the 4th quarter. KBC Group NV now owns 851 shares of the industrial products company’s stock valued at $60,000 after acquiring an additional 410 shares in the last quarter. Millburn Ridgefield Corp bought a new position in Kaiser Aluminum in the 3rd quarter valued at about $169,000. Finally, Virtu Financial LLC bought a new position in Kaiser Aluminum in the 3rd quarter valued at about $217,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Kaiser Aluminum Price Performance

Shares of NASDAQ KALU opened at $68.75 on Monday. Kaiser Aluminum Co. has a fifty-two week low of $63.44 and a fifty-two week high of $102.42. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 23.95 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. The firm’s 50-day simple moving average is $71.04 and its 200 day simple moving average is $73.43.

Kaiser Aluminum (NASDAQ:KALU) last posted its earnings results 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 return on equity of 6.25% and a net margin of 1.55%. The firm had revenue of $765.40 million for the quarter, compared to the consensus estimate of $752.00 million. During the same period in the prior year, the business earned $0.60 EPS. As a group, research analysts anticipate that Kaiser Aluminum Co. will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 24th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $3.08 annualized dividend and a dividend yield of 4.48%. Kaiser Aluminum’s dividend payout ratio is currently 107.32%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Kaiser Aluminum from a “sell” rating to a “hold” rating in a research report on Friday.

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.