Advisors Asset Management Inc. boosted its stake in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 75.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,237 shares of the industrial products company's stock after purchasing an additional 15,150 shares during the quarter. Advisors Asset Management Inc. owned about 0.22% of Kaiser Aluminum worth $2,476,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Intech Investment Management LLC lifted its position in shares of Kaiser Aluminum by 578.6% in the third quarter. Intech Investment Management LLC now owns 28,991 shares of the industrial products company's stock worth $2,102,000 after buying an additional 24,719 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Kaiser Aluminum by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 294,502 shares of the industrial products company's stock valued at $21,357,000 after purchasing an additional 7,644 shares during the last quarter. Algert Global LLC boosted its holdings in shares of Kaiser Aluminum by 2.5% in the 3rd quarter. Algert Global LLC now owns 62,178 shares of the industrial products company's stock worth $4,509,000 after purchasing an additional 1,531 shares during the period. Bank of Montreal Can boosted its stake in shares of Kaiser Aluminum by 11.2% during the 3rd quarter. Bank of Montreal Can now owns 73,250 shares of the industrial products company's stock worth $5,360,000 after purchasing an additional 7,373 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in shares of Kaiser Aluminum by 27.6% during the third quarter. BNP Paribas Financial Markets now owns 19,312 shares of the industrial products company's stock valued at $1,401,000 after buying an additional 4,175 shares during the last quarter. Institutional investors own 99.29% of the company's stock.
Kaiser Aluminum Stock Down 1.7 %
Shares of Kaiser Aluminum stock traded down $1.16 during trading on Wednesday, hitting $65.38. 113,993 shares of the stock traded hands, compared to its average volume of 128,027. Kaiser Aluminum Co. has a 52-week low of $63.44 and a 52-week high of $102.42. The stock's fifty day simple moving average is $70.52 and its 200 day simple moving average is $73.09. The firm has a market cap of $1.05 billion, a P/E ratio of 22.78 and a beta of 1.37. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56.
Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.63 by ($0.30). The business had revenue of $765.40 million during the quarter, compared to the consensus estimate of $752.00 million. Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. During the same period last year, the firm earned $0.60 EPS. On average, equities analysts predict that Kaiser Aluminum Co. will post 5.14 earnings per share for the current fiscal year.
Kaiser Aluminum Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 24th were given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date was Friday, January 24th. Kaiser Aluminum's payout ratio is currently 107.32%.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Kaiser Aluminum from a "sell" rating to a "hold" rating in a research report on Sunday.
Check Out Our Latest Stock Report on KALU
Kaiser Aluminum Profile
(
Free Report)
Kaiser Aluminum Corporation, together with its subsidiaries, engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. It offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.
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