MetLife Investment Advisors LLC Invests $810,000 in Kaiser Aluminum (KALU) Stock

MetLife Investment Advisors LLC bought a new position in Kaiser Aluminum (NASDAQ:KALU) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,582 shares of the industrial products company’s stock, valued at approximately $810,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. BlackRock Inc. boosted its stake in Kaiser Aluminum by 3.0% in the fourth quarter. BlackRock Inc. now owns 2,152,997 shares of the industrial products company’s stock worth $230,049,000 after buying an additional 63,184 shares in the last quarter. Standard Life Aberdeen plc boosted its stake in Kaiser Aluminum by 4.0% in the fourth quarter. Standard Life Aberdeen plc now owns 631,863 shares of the industrial products company’s stock worth $67,565,000 after buying an additional 24,030 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Kaiser Aluminum by 22.4% in the fourth quarter. Victory Capital Management Inc. now owns 548,604 shares of the industrial products company’s stock worth $58,618,000 after buying an additional 100,461 shares in the last quarter. Macquarie Group Ltd. boosted its stake in Kaiser Aluminum by 3.4% in the fourth quarter. Macquarie Group Ltd. now owns 456,255 shares of the industrial products company’s stock worth $48,751,000 after buying an additional 15,026 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Kaiser Aluminum by 4.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 350,614 shares of the industrial products company’s stock worth $37,463,000 after buying an additional 14,436 shares in the last quarter.

In related news, EVP John Malcolm Donnan sold 6,783 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $107.10, for a total value of $726,459.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jack A. Hockema sold 9,000 shares of the firm’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $104.01, for a total value of $936,090.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,391 shares of company stock valued at $2,474,402. Insiders own 3.00% of the company’s stock.



Several brokerages have issued reports on KALU. BidaskClub lowered Kaiser Aluminum from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. Goldman Sachs initiated coverage on Kaiser Aluminum in a research note on Tuesday, March 20th. They issued a “neutral” rating and a $111.00 target price for the company. Zacks Investment Research lowered Kaiser Aluminum from a “hold” rating to a “sell” rating in a research note on Wednesday, January 17th. Cowen reissued a “hold” rating and set a $107.00 price objective on shares of Kaiser Aluminum in a research note on Friday, February 23rd. Finally, ValuEngine raised Kaiser Aluminum from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. Kaiser Aluminum presently has a consensus rating of “Hold” and a consensus target price of $103.71.

NASDAQ:KALU opened at $104.48 on Friday. The company has a market cap of $1,765.94, a PE ratio of 20.51, a P/E/G ratio of 1.09 and a beta of 0.61. Kaiser Aluminum has a fifty-two week low of $76.73 and a fifty-two week high of $116.86. The company has a quick ratio of 2.59, a current ratio of 3.79 and a debt-to-equity ratio of 0.50.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.04). The company had revenue of $353.00 million for the quarter, compared to analysts’ expectations of $348.95 million. Kaiser Aluminum had a net margin of 3.25% and a return on equity of 11.35%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the company posted $1.27 EPS. sell-side analysts anticipate that Kaiser Aluminum will post 6.44 earnings per share for the current year.

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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.

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

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