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Massachusetts Financial Services Co. MA boosted its holdings in shares of Kaiser Aluminum Co. (NASDAQ:KALU - Get Rating) by 2.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 251,392 shares of the industrial products company's stock after buying an additional 5,242 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.58% of Kaiser Aluminum worth $15,423,000 as of its most recent filing with the Securities and Exchange Commission. Corten A Steel Sheet

Several other large investors have also recently bought and sold shares of the business. Pinebridge Investments L.P. increased its position in Kaiser Aluminum by 278.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 378 shares of the industrial products company's stock worth $30,000 after purchasing an additional 278 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Kaiser Aluminum in the 2nd quarter worth about $80,000. Captrust Financial Advisors increased its position in Kaiser Aluminum by 76.1% in the 1st quarter. Captrust Financial Advisors now owns 1,016 shares of the industrial products company's stock worth $96,000 after purchasing an additional 439 shares during the last quarter. First Horizon Advisors Inc. increased its position in Kaiser Aluminum by 1,588.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,300 shares of the industrial products company's stock worth $101,000 after purchasing an additional 1,223 shares during the last quarter. Finally, KBC Group NV acquired a new position in shares of Kaiser Aluminum during the 2nd quarter valued at about $109,000. 99.65% of the stock is owned by institutional investors and hedge funds. Insider Transactions at Kaiser Aluminum

In other news, CFO Neal E. West sold 400 shares of the stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $80.13, for a total value of $32,052.00. Following the completion of the transaction, the chief financial officer now directly owns 980 shares of the company's stock, valued at approximately $78,527.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.20% of the stock is currently owned by insiders. Wall Street Analysts Forecast Growth

KALU has been the topic of a number of analyst reports. StockNews.com raised Kaiser Aluminum from a "sell" rating to a "hold" rating in a report on Friday, January 13th. Wolfe Research assumed coverage on Kaiser Aluminum in a research note on Thursday, December 15th. They set a "peer perform" rating for the company.Kaiser Aluminum Price Performance

Shares of KALU stock opened at $85.33 on Tuesday. The stock has a 50 day moving average of $83.24 and a two-hundred day moving average of $79.09. The company has a current ratio of 2.41, a quick ratio of 1.26 and a debt-to-equity ratio of 1.62. Kaiser Aluminum Co. has a 12 month low of $59.24 and a 12 month high of $107.41. The company has a market capitalization of $1.36 billion, a P/E ratio of -948.01 and a beta of 1.29. Kaiser Aluminum Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Wednesday, January 25th will be issued a $0.77 dividend. The ex-dividend date is Tuesday, January 24th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.61%. Kaiser Aluminum's payout ratio is presently -3,421.84%. Kaiser Aluminum Profile (Get Rating)

Kaiser Aluminum Corp. engages in the manufacture and sale of semi-fabricated specialty aluminum products. The firm caters to the aerospace, general engineering, automotive, and custom industrial applications industries. Its products include plate, sheet, coil, hard alloy shapes, soft alloy extrusions, seamless and structural extruded, drawn tube, hard alloy rod, bar, wire and forge stock.Recommended StoriesGet a free copy of the StockNews.com research report on Kaiser Aluminum (KALU)3 Mid-Cap Earnings Plays to Watch This WeekShould Medtronic's Recent Colibri Patent Controversy Concern You?Checkpoint Software Helps Cyber Security Stocks Bottom Under Armour Stock, Gap and Crap, Here's Why Is Chevron Positioned To Take Energy Sector Leadership?

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