State Board of Administration of Florida Retirement System increased its holdings in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 94.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,277 shares of the industrial products company’s stock after buying an additional 5,485 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.07% of Kaiser Aluminum Corporation worth $998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in KALU. BlackRock Inc. grew its stake in Kaiser Aluminum Corporation by 12,449.4% during the 1st quarter. BlackRock Inc. now owns 2,174,693 shares of the industrial products company’s stock worth $173,757,000 after buying an additional 2,157,364 shares during the last quarter. Victory Capital Management Inc. grew its stake in Kaiser Aluminum Corporation by 36,359.9% during the 1st quarter. Victory Capital Management Inc. now owns 498,407 shares of the industrial products company’s stock worth $39,823,000 after buying an additional 497,040 shares during the last quarter. Pioneer Investment Management Inc. grew its stake in Kaiser Aluminum Corporation by 29.7% during the 2nd quarter. Pioneer Investment Management Inc. now owns 310,260 shares of the industrial products company’s stock worth $27,464,000 after buying an additional 71,106 shares during the last quarter. Opus Capital Group LLC grew its stake in Kaiser Aluminum Corporation by 1,183.7% during the 2nd quarter. Opus Capital Group LLC now owns 47,729 shares of the industrial products company’s stock worth $4,225,000 after buying an additional 44,011 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in Kaiser Aluminum Corporation by 35.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 116,464 shares of the industrial products company’s stock worth $9,305,000 after buying an additional 30,663 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Shares of Kaiser Aluminum Corporation (KALU) opened at 102.49 on Friday. The stock has a market cap of $1.73 billion, a P/E ratio of 22.51 and a beta of 0.54. The firm’s 50-day moving average price is $96.60 and its 200 day moving average price is $87.27. Kaiser Aluminum Corporation has a 1-year low of $69.41 and a 1-year high of $102.64.

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

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KALU has been the topic of several research analyst reports. BidaskClub upgraded Kaiser Aluminum Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Zacks Investment Research upgraded Kaiser Aluminum Corporation from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a research note on Friday, July 28th. Cowen and Company downgraded Kaiser Aluminum Corporation from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $96.00 to $97.00 in a research note on Monday, August 7th. They noted that the move was a valuation call. Deutsche Bank AG set a $100.00 price target on Kaiser Aluminum Corporation and gave the company a “buy” rating in a research note on Monday, July 31st. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $87.00 price target (up previously from $80.00) on shares of Kaiser Aluminum Corporation in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $95.57.

In other Kaiser Aluminum Corporation news, Director Alfred E. Osborne, Jr. sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $94.56, for a total transaction of $189,120.00. Following the transaction, the director now owns 15,622 shares of the company’s stock, valued at $1,477,216.32. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jack A. Hockema sold 9,000 shares of the firm’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $91.18, for a total value of $820,620.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,714 shares of company stock worth $2,036,826. Corporate insiders own 3.00% of the company’s stock.

Kaiser Aluminum Corporation Company 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.

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

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