Advisors Asset Management Inc. Buys New Holdings in Kaiser Aluminum Co. (NASDAQ:KALU)

Advisors Asset Management Inc. bought a new stake in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,087 shares of the industrial products company's stock, valued at approximately $1,457,000. Advisors Asset Management Inc. owned about 0.12% of Kaiser Aluminum as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of KALU. First Hawaiian Bank purchased a new position in Kaiser Aluminum in the 2nd quarter valued at about $726,000. Assenagon Asset Management S.A. boosted its position in shares of Kaiser Aluminum by 17.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 93,258 shares of the industrial products company's stock valued at $8,197,000 after purchasing an additional 13,900 shares in the last quarter. Algert Global LLC lifted its holdings in shares of Kaiser Aluminum by 26.2% during the second quarter. Algert Global LLC now owns 60,647 shares of the industrial products company's stock valued at $5,331,000 after purchasing an additional 12,584 shares during the last quarter. ClariVest Asset Management LLC purchased a new stake in Kaiser Aluminum in the 2nd quarter worth about $2,999,000. Finally, CWM LLC raised its stake in shares of Kaiser Aluminum by 125.3% during the 3rd quarter. CWM LLC now owns 1,282 shares of the industrial products company's stock worth $93,000 after purchasing an additional 713 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Kaiser Aluminum Stock Performance

Shares of Kaiser Aluminum stock traded down $2.10 during trading on Tuesday, reaching $81.68. The company's stock had a trading volume of 66,294 shares, compared to its average volume of 144,969. The business's fifty day moving average price is $75.09 and its 200-day moving average price is $81.04. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 28.26 and a beta of 1.32. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.60. Kaiser Aluminum Co. has a one year low of $57.52 and a one year high of $102.42.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.16). Kaiser Aluminum had a return on equity of 6.92% and a net margin of 1.59%. The company had revenue of $748.00 million during the quarter, compared to the consensus estimate of $793.30 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The firm's revenue for the quarter was up .5% on a year-over-year basis. As a group, equities research analysts predict that Kaiser Aluminum Co. will post 2.63 earnings per share for the current year.

Kaiser Aluminum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date was Friday, October 25th. Kaiser Aluminum's dividend payout ratio is currently 106.57%.

Kaiser Aluminum Company Profile

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.