WESPAC Advisors SoCal LLC lowered its position in Kaiser Aluminum Corporation (NASDAQ:KALU) by 1.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 6,500 shares of the industrial products company’s stock after selling 75 shares during the period. WESPAC Advisors SoCal LLC’s holdings in Kaiser Aluminum Corporation were worth $575,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Kaiser Aluminum Corporation during the 1st quarter valued at $119,000. Ameritas Investment Partners Inc. acquired a new position in shares of Kaiser Aluminum Corporation during the 1st quarter valued at $122,000. First Mercantile Trust Co. lifted its position in shares of Kaiser Aluminum Corporation by 1.4% during the 2nd quarter. First Mercantile Trust Co. now owns 1,430 shares of the industrial products company’s stock valued at $127,000 after acquiring an additional 20 shares during the period. Riverhead Capital Management LLC lifted its position in shares of Kaiser Aluminum Corporation by 58.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,899 shares of the industrial products company’s stock valued at $168,000 after acquiring an additional 699 shares during the period. Finally, KBC Group NV acquired a new position in shares of Kaiser Aluminum Corporation during the 2nd quarter valued at $188,000. Hedge funds and other institutional investors own 98.04% of the company’s stock.

In related news, Director Carolyn Bartholomew sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $99.00, for a total value of $99,000.00. Following the completion of the sale, the director now owns 13,344 shares of the company’s stock, valued at $1,321,056. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alfred E. Osborne, Jr. sold 2,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $94.56, for a total value of $189,120.00. Following the completion of the sale, the director now directly owns 15,622 shares of the company’s stock, valued at approximately $1,477,216.32. The disclosure for this sale can be found here. Insiders sold 21,714 shares of company stock valued at $2,036,826 in the last ninety days. 3.00% of the stock is currently owned by insiders.

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Kaiser Aluminum Corporation (NASDAQ KALU) traded up 0.19% on Thursday, hitting $102.09. 12,112 shares of the company were exchanged. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 22.42 and a beta of 0.54. The stock has a 50 day moving average of $96.60 and a 200 day moving average of $87.27. Kaiser Aluminum Corporation has a 52 week low of $69.41 and a 52 week high of $102.15.

Kaiser Aluminum Corporation (NASDAQ:KALU) last announced its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.46. Kaiser Aluminum Corporation had a return on equity of 11.71% and a net margin of 5.87%. The company had revenue of $356.00 million during the quarter, compared to analyst estimates of $349.62 million. During the same quarter last year, the firm posted $1.02 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. Analysts predict that Kaiser Aluminum Corporation will post $5.47 EPS for the current fiscal year.

KALU has been the topic of a number of research reports. BidaskClub downgraded shares of Kaiser Aluminum Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 9th. Deutsche Bank AG reiterated a “buy” rating on shares of Kaiser Aluminum Corporation in a research report on Saturday, June 24th. Zacks Investment Research upgraded shares of Kaiser Aluminum Corporation from a “hold” rating to a “buy” rating and set a $108.00 target price on the stock in a research report on Friday, July 28th. Morgan Stanley reiterated an “equal weight” rating and set a $87.00 target price (up previously from $80.00) on shares of Kaiser Aluminum Corporation in a research report on Tuesday, July 25th. Finally, Cowen and Company downgraded shares of Kaiser Aluminum Corporation from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $96.00 to $97.00 in a research report on Monday, August 7th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $95.57.

Kaiser Aluminum Corporation Profile

Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The Company operates in the Fabricated Products segment. The Company’s Fabricated Products segment focuses on producing rolled, extruded and drawn aluminum products used principally for aerospace and defense, automotive and general engineering products that include consumer durables, electronics, electrical and machinery and equipment applications.

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

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