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Kaiser Aluminum Co. (NASDAQ:KALU) Stock Holdings Trimmed by First National Bank of Omaha

Defense World · Sep 16, 2022 06:42

First National Bank of Omaha cut its stake in shares of Kaiser Aluminum Co. (NASDAQ:KALU – Get Rating) by 17.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,958 shares of the industrial products company's stock after selling 2,037 shares during the quarter. First National Bank of Omaha owned approximately 0.06% of Kaiser Aluminum worth $938,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in shares of Kaiser Aluminum by 0.9% during the first quarter. BlackRock Inc. now owns 2,617,574 shares of the industrial products company's stock valued at $246,471,000 after purchasing an additional 22,167 shares during the last quarter. State Street Corp lifted its position in Kaiser Aluminum by 30.6% in the first quarter. State Street Corp now owns 1,132,280 shares of the industrial products company's stock worth $106,615,000 after purchasing an additional 265,426 shares during the period. Victory Capital Management Inc. lifted its position in Kaiser Aluminum by 0.5% in the first quarter. Victory Capital Management Inc. now owns 1,008,759 shares of the industrial products company's stock worth $94,993,000 after purchasing an additional 4,989 shares during the period. Invesco Ltd. lifted its position in Kaiser Aluminum by 6.6% in the fourth quarter. Invesco Ltd. now owns 423,972 shares of the industrial products company's stock worth $39,826,000 after purchasing an additional 26,198 shares during the period. Finally, William Blair Investment Management LLC lifted its position in Kaiser Aluminum by 53.9% in the fourth quarter. William Blair Investment Management LLC now owns 398,015 shares of the industrial products company's stock worth $37,390,000 after purchasing an additional 139,459 shares during the period. 99.59% of the stock is owned by institutional investors.

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Kaiser Aluminum Price Performance

KALU opened at $74.18 on Friday. The stock has a fifty day moving average of $74.87 and a 200-day moving average of $86.36. The firm has a market capitalization of $1.18 billion, a P/E ratio of -190.21 and a beta of 1.07. Kaiser Aluminum Co. has a 12-month low of $66.25 and a 12-month high of $119.66. The company has a quick ratio of 1.42, a current ratio of 2.28 and a debt-to-equity ratio of 1.60.

Kaiser Aluminum (NASDAQ:KALU – Get Rating) last released its earnings results on Monday, July 25th. The industrial products company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.75 by ($0.78). Kaiser Aluminum had a negative net margin of 0.18% and a positive return on equity of 1.33%. The business had revenue of $954.20 million during the quarter, compared to analysts' expectations of $889.59 million. During the same quarter in the previous year, the company earned $1.00 EPS. Kaiser Aluminum's revenue for the quarter was up 28.8% on a year-over-year basis. Equities analysts forecast that Kaiser Aluminum Co. will post -0.91 EPS for the current fiscal year.

Kaiser Aluminum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Monday, July 25th were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend was Friday, July 22nd. Kaiser Aluminum's dividend payout ratio (DPR) is presently -789.74%.

Analyst Upgrades and Downgrades

KALU has been the subject of a number of recent research reports. StockNews.com downgraded Kaiser Aluminum from a "hold" rating to a "sell" rating in a research report on Monday, August 8th. Benchmark cut their price objective on Kaiser Aluminum from $120.00 to $105.00 and set an "outperform" rating for the company in a research report on Wednesday, July 27th.

Insider Transactions at Kaiser Aluminum

In other news, CFO Neal E. West sold 400 shares of the company's stock in a transaction on Monday, September 12th. The shares were sold at an average price of $78.32, for a total value of $31,328.00. Following the transaction, the chief financial officer now directly owns 2,180 shares of the company's stock, valued at $170,737.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders have sold 1,200 shares of company stock valued at $90,088. 1.20% of the stock is owned by insiders.

About Kaiser Aluminum

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Kaiser Aluminum Corporation engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. The company offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.