Kaiser Aluminum Co. (NASDAQ:KALU) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its position in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 2.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,730 shares of the industrial products company’s stock after selling 135 shares during the quarter. Amalgamated Bank’s holdings in Kaiser Aluminum were worth $343,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of KALU. Allspring Global Investments Holdings LLC boosted its holdings in shares of Kaiser Aluminum by 941.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 906 shares of the industrial products company’s stock valued at $81,000 after acquiring an additional 819 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Kaiser Aluminum by 16.6% during the first quarter. Janney Montgomery Scott LLC now owns 4,031 shares of the industrial products company’s stock valued at $360,000 after acquiring an additional 573 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Kaiser Aluminum during the first quarter valued at about $238,000. SG Americas Securities LLC bought a new stake in shares of Kaiser Aluminum during the first quarter valued at about $132,000. Finally, Vanguard Group Inc. raised its stake in shares of Kaiser Aluminum by 0.3% during the first quarter. Vanguard Group Inc. now owns 1,894,114 shares of the industrial products company’s stock valued at $169,258,000 after purchasing an additional 6,363 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Kaiser Aluminum Price Performance

Shares of NASDAQ KALU opened at $80.63 on Monday. Kaiser Aluminum Co. has a fifty-two week low of $57.52 and a fifty-two week high of $102.42. The firm’s 50-day simple moving average is $73.53 and its 200 day simple moving average is $81.69. 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 $1.30 billion, a P/E ratio of 27.90 and a beta of 1.32.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.51 earnings per share 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 for the quarter, compared to the consensus estimate of $793.30 million. During the same quarter in the prior year, the firm earned $0.46 earnings per share. Kaiser Aluminum’s revenue for the quarter was up .5% compared to the same quarter last year. Equities analysts expect that Kaiser Aluminum Co. will post 2.63 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 3.82%. The ex-dividend date was Friday, October 25th. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 106.57%.

Kaiser Aluminum Company 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.