Barclays PLC Increases Stake in Kaiser Aluminum Co. (NASDAQ:KALU)

Barclays PLC raised its stake in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 101.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,454 shares of the industrial products company's stock after purchasing an additional 13,813 shares during the period. Barclays PLC owned 0.17% of Kaiser Aluminum worth $1,991,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Algert Global LLC increased its position 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 worth $5,331,000 after purchasing an additional 12,584 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Kaiser Aluminum by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 294,502 shares of the industrial products company's stock worth $21,357,000 after buying an additional 7,644 shares during the last quarter. ClariVest Asset Management LLC acquired a new position in Kaiser Aluminum during the second quarter worth approximately $2,999,000. CWM LLC lifted 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 buying an additional 713 shares during the last quarter. Finally, Intech Investment Management LLC boosted its holdings 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 valued at $2,102,000 after acquiring an additional 24,719 shares during the period. Institutional investors and hedge funds own 99.29% of the company's stock.

Kaiser Aluminum Stock Performance

Shares of KALU traded down $1.49 during mid-day trading on Friday, reaching $69.32. 66,100 shares of the company's stock were exchanged, compared to its average volume of 140,422. The business's fifty day simple moving average is $77.53 and its 200-day simple moving average is $77.91. The stock has a market capitalization of $1.12 billion, a PE ratio of 23.99 and a beta of 1.33. Kaiser Aluminum Co. has a 52-week low of $59.52 and a 52-week high of $102.42. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.60 and a quick ratio of 1.36.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $748.00 million for the quarter, compared to analysts' expectations of $793.30 million. During the same period in the previous year, the business posted $0.46 earnings per share. The company's revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts expect that Kaiser Aluminum Co. will post 2.63 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $3.08 dividend on an annualized basis and a yield of 4.44%. 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.