Walthausen & Co. LLC Invests $12.10 Million in Kaiser Aluminum Corp. (KALU) Stock

Walthausen & Co. LLC bought a new stake in shares of Kaiser Aluminum Corp. (NASDAQ:KALU) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 110,910 shares of the industrial products company’s stock, valued at approximately $12,096,000. Kaiser Aluminum makes up about 1.2% of Walthausen & Co. LLC’s investment portfolio, making the stock its 28th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NEXT Financial Group Inc bought a new stake in shares of Kaiser Aluminum during the 3rd quarter valued at about $117,000. Engineers Gate Manager LP bought a new stake in shares of Kaiser Aluminum during the 3rd quarter valued at about $203,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Kaiser Aluminum during the 2nd quarter valued at about $204,000. We Are One Seven LLC bought a new stake in shares of Kaiser Aluminum during the 3rd quarter valued at about $218,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Kaiser Aluminum during the 3rd quarter valued at about $222,000.

Shares of NASDAQ KALU opened at $95.06 on Monday. Kaiser Aluminum Corp. has a 1 year low of $86.62 and a 1 year high of $119.66. The stock has a market cap of $1.56 billion, a P/E ratio of 18.68, a price-to-earnings-growth ratio of 1.00 and a beta of 0.88. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.50 and a quick ratio of 2.48.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings results on Wednesday, October 17th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.12). The business had revenue of $393.10 million for the quarter, compared to analysts’ expectations of $383.84 million. Kaiser Aluminum had a net margin of 3.41% and a return on equity of 13.23%. The company’s revenue was up 18.1% on a year-over-year basis. During the same period last year, the business earned $0.90 earnings per share. As a group, research analysts forecast that Kaiser Aluminum Corp. will post 6.31 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Thursday, October 25th were issued a $0.55 dividend. The ex-dividend date was Wednesday, October 24th. This represents a $2.20 annualized dividend and a yield of 2.31%. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 43.22%.

In other news, CEO Jack A. Hockema sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $100.41, for a total transaction of $150,615.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.20% of the stock is owned by insiders.

A number of brokerages have recently weighed in on KALU. Zacks Investment Research raised shares of Kaiser Aluminum from a “sell” rating to a “hold” rating in a research note on Thursday, October 25th. Jefferies Financial Group raised shares of Kaiser Aluminum from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a research note on Tuesday, October 23rd. BidaskClub raised shares of Kaiser Aluminum from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Goldman Sachs Group lowered shares of Kaiser Aluminum from a “neutral” rating to a “sell” rating and cut their target price for the company from $105.00 to $101.00 in a research note on Monday, August 13th. Finally, Morgan Stanley lifted their target price on shares of Kaiser Aluminum from $101.00 to $105.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $107.75.

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Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The company offers rolled, extruded, and drawn aluminum products used principally for aerospace and defense, automotive, consumer durables, electronics, electrical, and machinery and equipment applications.

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Institutional Ownership by Quarter for Kaiser Aluminum (NASDAQ:KALU)

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