Thrivent Financial for Lutherans Cuts Position in Kaiser Aluminum Co. (NASDAQ:KALU)

Thrivent Financial for Lutherans lowered its position in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 2.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 49,316 shares of the industrial products company’s stock after selling 1,210 shares during the quarter. Thrivent Financial for Lutherans owned about 0.31% of Kaiser Aluminum worth $3,577,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Kaiser Aluminum by 0.3% in 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 during the period. Quadrature Capital Ltd acquired a new stake in Kaiser Aluminum in the first quarter valued at approximately $278,000. Price T Rowe Associates Inc. MD raised its stake in shares of Kaiser Aluminum by 6.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,953 shares of the industrial products company’s stock valued at $801,000 after purchasing an additional 561 shares during the period. Tidal Investments LLC acquired a new position in shares of Kaiser Aluminum during the first quarter worth $289,000. Finally, Jaffetilchin Investment Partners LLC purchased a new position in shares of Kaiser Aluminum in the first quarter valued at $452,000. Institutional investors and hedge funds own 99.29% of the company’s stock.

Kaiser Aluminum Stock Performance

NASDAQ:KALU opened at $83.78 on Tuesday. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.60 and a quick ratio of 1.36. Kaiser Aluminum Co. has a 1-year low of $57.52 and a 1-year high of $102.42. The firm has a 50-day moving average of $75.09 and a two-hundred day moving average of $81.04. The stock has a market cap of $1.35 billion, a P/E ratio of 28.99 and a beta of 1.32.

Kaiser Aluminum (NASDAQ:KALU) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.16). The business had revenue of $748.00 million for the quarter, compared to analysts’ expectations of $793.30 million. Kaiser Aluminum had a net margin of 1.59% and a return on equity of 6.92%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 earnings per share. On average, research analysts expect that Kaiser Aluminum Co. will post 2.63 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 25th were paid a $0.77 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.68%. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 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.