Kaiser Aluminum Co. (NASDAQ:KALU) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund cut its stake in Kaiser Aluminum Co. (NASDAQ:KALU) by 2.7% in the fourth quarter, HoldingsChannel reports. The fund owned 8,781 shares of the industrial products company’s stock after selling 243 shares during the period. Illinois Municipal Retirement Fund’s holdings in Kaiser Aluminum were worth $617,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. QRG Capital Management Inc. lifted 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 acquiring an additional 214 shares during the period. New York State Teachers Retirement System increased its position in shares of Kaiser Aluminum by 6.2% in the fourth quarter. New York State Teachers Retirement System now owns 6,879 shares of the industrial products company’s stock valued at $483,000 after buying an additional 400 shares in the last quarter. KBC Group NV increased its position in shares of Kaiser Aluminum by 93.0% in the fourth quarter. KBC Group NV now owns 851 shares of the industrial products company’s stock valued at $60,000 after buying an additional 410 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Kaiser Aluminum in the third quarter valued at approximately $41,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its position in shares of Kaiser Aluminum by 20.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,597 shares of the industrial products company’s stock valued at $261,000 after buying an additional 605 shares in the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

Kaiser Aluminum Stock Down 3.0 %

Kaiser Aluminum stock opened at $68.62 on Tuesday. The stock has a market capitalization of $1.10 billion, a PE ratio of 23.91 and a beta of 1.34. Kaiser Aluminum Co. has a 12 month low of $63.44 and a 12 month high of $102.42. The business has a 50 day simple moving average of $71.18 and a 200-day simple moving average of $73.50. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.44 and a quick ratio of 1.36.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly 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 analysts’ expectations of $752.00 million. During the same quarter in the previous year, the firm posted $0.60 earnings per share. On average, analysts anticipate that Kaiser Aluminum Co. will post 5.14 EPS for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 24th were given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 4.49%. The ex-dividend date was Friday, January 24th. Kaiser Aluminum’s payout ratio is 107.32%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Kaiser Aluminum from a “hold” rating to a “sell” rating in a research report on Friday, February 21st.

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.