Bank of Montreal Can Acquires 7,373 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

Bank of Montreal Can boosted its position in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 11.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,250 shares of the industrial products company's stock after purchasing an additional 7,373 shares during the quarter. Bank of Montreal Can owned approximately 0.46% of Kaiser Aluminum worth $5,360,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. National Bank of Canada FI acquired a new position in shares of Kaiser Aluminum during the 2nd quarter worth approximately $32,000. Meeder Asset Management Inc. acquired a new stake in Kaiser Aluminum in the second quarter valued at approximately $63,000. nVerses Capital LLC acquired a new stake in Kaiser Aluminum in the third quarter valued at $65,000. CWM LLC grew its position in shares of Kaiser Aluminum by 125.3% in the 3rd quarter. CWM LLC now owns 1,282 shares of the industrial products company's stock valued at $93,000 after buying an additional 713 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Kaiser Aluminum during the 2nd quarter worth approximately $207,000. 99.29% of the stock is owned by institutional investors and hedge funds.

Kaiser Aluminum Stock Performance

KALU stock traded down $0.33 during trading on Wednesday, hitting $82.63. The company had a trading volume of 60,611 shares, compared to its average volume of 143,165. The company has a quick ratio of 1.36, a current ratio of 2.60 and a debt-to-equity ratio of 1.56. The firm has a market cap of $1.33 billion, a PE ratio of 28.68 and a beta of 1.33. The firm has a 50-day moving average price of $76.47 and a 200-day moving average price of $80.28. Kaiser Aluminum Co. has a 1-year low of $58.20 and a 1-year high of $102.42.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last released 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 firm had revenue of $748.00 million for the quarter, compared to analyst estimates of $793.30 million. During the same period in the prior year, the business earned $0.46 earnings per share. Kaiser Aluminum's revenue for the quarter was up .5% on a year-over-year basis. On average, analysts expect that Kaiser Aluminum Co. will post 2.63 earnings per share for the current year.

Kaiser Aluminum Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date was Friday, October 25th. Kaiser Aluminum's payout ratio is 106.57%.

Kaiser Aluminum 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.