Orion Portfolio Solutions LLC Decreases Stake in Kaiser Aluminum Co. (NASDAQ:KALU)

Orion Portfolio Solutions LLC reduced its position in Kaiser Aluminum Co. (NASDAQ:KALU) by 5.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,592 shares of the industrial products company’s stock after selling 398 shares during the period. Orion Portfolio Solutions LLC’s holdings in Kaiser Aluminum were worth $551,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Algert Global LLC boosted its position in Kaiser Aluminum by 26.2% in the 2nd quarter. Algert Global LLC now owns 60,647 shares of the industrial products company’s stock valued at $5,331,000 after buying an additional 12,584 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Kaiser Aluminum by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 294,502 shares of the industrial products company’s stock valued at $21,357,000 after buying an additional 7,644 shares during the last quarter. ClariVest Asset Management LLC purchased a new position in Kaiser Aluminum in the 2nd quarter valued at about $2,999,000. CWM LLC boosted its position in Kaiser Aluminum by 125.3% in the 3rd quarter. CWM LLC now owns 1,282 shares of the industrial products company’s stock valued at $93,000 after buying an additional 713 shares during the last quarter. Finally, Intech Investment Management LLC boosted its position in Kaiser Aluminum by 578.6% in the 3rd quarter. Intech Investment Management LLC now owns 28,991 shares of the industrial products company’s stock valued at $2,102,000 after buying an additional 24,719 shares during the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

Kaiser Aluminum Stock Performance

NASDAQ:KALU opened at $75.18 on Wednesday. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.60 and a quick ratio of 1.36. The firm has a 50-day moving average of $77.88 and a two-hundred day moving average of $78.96. The stock has a market cap of $1.21 billion, a P/E ratio of 26.01 and a beta of 1.33. Kaiser Aluminum Co. has a 1-year low of $59.52 and a 1-year high of $102.42.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly 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). Kaiser Aluminum had a return on equity of 6.92% and a net margin of 1.59%. The company had revenue of $748.00 million for the quarter, compared to the consensus estimate of $793.30 million. During the same period in the previous year, the business posted $0.46 EPS. The business’s revenue for the quarter was up .5% on a year-over-year basis. 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 declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 25th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $3.08 annualized dividend and a dividend yield of 4.10%. Kaiser Aluminum’s payout ratio is 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.