Kaiser Aluminum Co. (NASDAQ:KALU) Shares Purchased by Systematic Financial Management LP

Systematic Financial Management LP grew its position in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 12.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 234,917 shares of the industrial products company's stock after acquiring an additional 25,494 shares during the period. Systematic Financial Management LP owned about 1.46% of Kaiser Aluminum worth $17,036,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in KALU. Price T Rowe Associates Inc. MD lifted its holdings in Kaiser Aluminum by 6.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,953 shares of the industrial products company's stock valued at $801,000 after acquiring an additional 561 shares during the period. Tidal Investments LLC acquired a new stake in Kaiser Aluminum during the 1st quarter valued at $289,000. QRG Capital Management Inc. purchased a new stake in shares of Kaiser Aluminum in the second quarter valued at $316,000. SG Americas Securities LLC increased its position in Kaiser Aluminum by 911.6% during the 2nd quarter. SG Americas Securities LLC now owns 14,971 shares of the industrial products company's stock worth $1,316,000 after purchasing an additional 13,491 shares in the last quarter. Finally, 180 Wealth Advisors LLC raised its stake in Kaiser Aluminum by 23.7% in the 2nd quarter. 180 Wealth Advisors LLC now owns 2,909 shares of the industrial products company's stock valued at $265,000 after purchasing an additional 558 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Kaiser Aluminum Trading Down 1.2 %

Shares of Kaiser Aluminum stock traded down $1.02 during mid-day trading on Thursday, hitting $81.61. 53,619 shares of the stock were exchanged, compared to its average volume of 142,770. The company has a 50-day simple moving average of $76.72 and a 200 day simple moving average of $80.30. The company has a current ratio of 2.60, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 28.59 and a beta of 1.33. Kaiser Aluminum Co. has a twelve month low of $58.20 and a twelve month high of $102.42.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.16). The firm had revenue of $748.00 million during the quarter, compared to analysts' expectations of $793.30 million. Kaiser Aluminum had a return on equity of 6.92% and a net margin of 1.59%. 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. Research analysts forecast that Kaiser Aluminum Co. will post 2.63 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 25th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.77%. The ex-dividend date was Friday, October 25th. Kaiser Aluminum's dividend payout ratio (DPR) 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.