State Street Corp Has $69.67 Million Position in Kaiser Aluminum Co. (NASDAQ:KALU)

State Street Corp boosted its holdings in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 960,742 shares of the industrial products company's stock after buying an additional 20,979 shares during the quarter. State Street Corp owned 5.97% of Kaiser Aluminum worth $69,673,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. National Bank of Canada FI bought a new stake in shares of Kaiser Aluminum during the 2nd quarter worth $32,000. Point72 DIFC Ltd acquired a new position in shares of Kaiser Aluminum in the 3rd quarter valued at $41,000. Meeder Asset Management Inc. purchased a new position in Kaiser Aluminum in the 2nd quarter worth about $63,000. nVerses Capital LLC acquired a new stake in Kaiser Aluminum during the 3rd quarter worth about $65,000. Finally, CWM LLC raised its holdings in 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 buying an additional 713 shares during the period. Institutional investors and hedge funds own 99.29% of the company's stock.

Kaiser Aluminum Trading Down 4.9 %

Shares of KALU traded down $3.71 during midday trading on Wednesday, hitting $71.47. The stock had a trading volume of 118,679 shares, compared to its average volume of 140,901. The business has a 50-day simple moving average of $77.87 and a two-hundred day simple moving average of $78.91. The firm has a market cap of $1.15 billion, a P/E ratio of 24.73 and a beta of 1.33. The company has a current ratio of 2.60, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. Kaiser Aluminum Co. has a fifty-two week low of $59.52 and a fifty-two week high of $102.42.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last issued its quarterly 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). Kaiser Aluminum had a net margin of 1.59% and a return on equity of 6.92%. The firm had revenue of $748.00 million during the quarter, compared to analysts' expectations of $793.30 million. During the same quarter last year, the company posted $0.46 EPS. The firm's revenue was up .5% compared to the same quarter last year. As a group, equities analysts forecast that Kaiser Aluminum Co. will post 2.63 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 25th were issued 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 dividend yield of 4.31%. Kaiser Aluminum's dividend 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.