Intech Investment Management LLC Buys 24,719 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

Intech Investment Management LLC boosted its stake in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 578.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,991 shares of the industrial products company's stock after purchasing an additional 24,719 shares during the quarter. Intech Investment Management LLC owned about 0.18% of Kaiser Aluminum worth $2,102,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. National Bank of Canada FI bought a new stake in Kaiser Aluminum in the second quarter valued at about $32,000. Meeder Asset Management Inc. acquired a new position in Kaiser Aluminum in the second quarter valued at about $63,000. nVerses Capital LLC acquired a new position in Kaiser Aluminum in the third quarter valued at about $65,000. CWM LLC grew its stake in Kaiser Aluminum by 125.3% in the third quarter. CWM LLC now owns 1,282 shares of the industrial products company's stock valued at $93,000 after acquiring an additional 713 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Kaiser Aluminum in the first quarter valued at about $132,000. Institutional investors own 99.29% of the company's stock.

Kaiser Aluminum Trading Up 2.6 %

NASDAQ:KALU traded up $2.13 on Monday, reaching $83.78. The company's stock had a trading volume of 154,060 shares, compared to its average volume of 145,314. Kaiser Aluminum Co. has a 1-year low of $57.52 and a 1-year high of $102.42. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.60. The firm has a market cap of $1.35 billion, a PE ratio of 28.99 and a beta of 1.32. The business's 50-day moving average price is $75.09 and its two-hundred day moving average price is $81.04.

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

Kaiser Aluminum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 25th were issued a dividend of $0.77 per share. The ex-dividend date was Friday, October 25th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.68%. Kaiser Aluminum's payout ratio is presently 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.