Kaiser Aluminum Corp. (KALU) Position Lessened by TD Asset Management Inc.

TD Asset Management Inc. lessened its holdings in Kaiser Aluminum Corp. (NASDAQ:KALU) by 6.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 99,900 shares of the industrial products company’s stock after selling 6,400 shares during the period. TD Asset Management Inc.’s holdings in Kaiser Aluminum were worth $8,920,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of KALU. Bank of America Corp DE raised its position in shares of Kaiser Aluminum by 20.4% in the second quarter. Bank of America Corp DE now owns 78,999 shares of the industrial products company’s stock worth $8,225,000 after buying an additional 13,369 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Kaiser Aluminum by 39.8% during the third quarter. Fisher Asset Management LLC now owns 203,052 shares of the industrial products company’s stock valued at $22,145,000 after buying an additional 57,800 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Kaiser Aluminum during the third quarter valued at about $222,000. Robecosam AG grew its stake in shares of Kaiser Aluminum by 2.2% during the third quarter. Robecosam AG now owns 265,600 shares of the industrial products company’s stock valued at $28,860,000 after buying an additional 5,600 shares during the last quarter. Finally, WBI Investments Inc. bought a new position in shares of Kaiser Aluminum during the third quarter valued at about $1,407,000. Institutional investors own 99.28% of the company’s stock.

Kaiser Aluminum stock opened at $101.98 on Wednesday. The company has a quick ratio of 2.48, a current ratio of 3.50 and a debt-to-equity ratio of 0.49. The stock has a market cap of $1.64 billion, a PE ratio of 20.04 and a beta of 0.98. Kaiser Aluminum Corp. has a 1-year low of $83.29 and a 1-year high of $119.66.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Friday, January 25th will be issued a dividend of $0.60 per share. This is a positive change from Kaiser Aluminum’s previous quarterly dividend of $0.55. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Thursday, January 24th. Kaiser Aluminum’s dividend payout ratio is currently 47.15%.

In other news, VP Melinda C. Ellsworth sold 1,100 shares of the stock in a transaction dated Wednesday, November 21st. The shares were sold at an average price of $95.36, for a total transaction of $104,896.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jack A. Hockema sold 1,500 shares of the stock in a transaction dated Friday, January 18th. The stock was sold at an average price of $100.27, for a total transaction of $150,405.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,100 shares of company stock valued at $681,991. 3.20% of the stock is currently owned by company insiders.

A number of research analysts have recently issued reports on KALU shares. BidaskClub raised Kaiser Aluminum from a “hold” rating to a “buy” rating in a research note on Thursday, December 27th. Jefferies Financial Group raised Kaiser Aluminum from a “hold” rating to a “buy” rating and set a $123.00 price objective on the stock in a research note on Tuesday, October 23rd. Finally, Zacks Investment Research raised Kaiser Aluminum from a “sell” rating to a “hold” rating in a research note on Thursday, February 7th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target 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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