Algert Global LLC Boosts Holdings in Kaiser Aluminum Co. (NASDAQ:KALU)

Algert Global LLC raised its position in Kaiser Aluminum Co. (NASDAQ:KALU) by 2.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 62,178 shares of the industrial products company’s stock after acquiring an additional 1,531 shares during the period. Algert Global LLC owned approximately 0.39% of Kaiser Aluminum worth $4,509,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. American Century Companies Inc. raised its holdings in Kaiser Aluminum by 358.0% during the second quarter. American Century Companies Inc. now owns 250,809 shares of the industrial products company’s stock worth $22,046,000 after purchasing an additional 196,045 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Kaiser Aluminum by 368.0% in the 2nd quarter. Bank of Montreal Can now owns 65,877 shares of the industrial products company’s stock valued at $5,917,000 after buying an additional 51,802 shares during the period. Riggs Asset Managment Co. Inc. boosted its stake in shares of Kaiser Aluminum by 532,185.7% in the second quarter. Riggs Asset Managment Co. Inc. now owns 37,260 shares of the industrial products company’s stock valued at $3,275,000 after buying an additional 37,253 shares in the last quarter. ClariVest Asset Management LLC acquired a new position in Kaiser Aluminum during the second quarter worth $2,999,000. Finally, Allspring Global Investments Holdings LLC raised its position in Kaiser Aluminum by 3,349.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 31,254 shares of the industrial products company’s stock worth $2,747,000 after acquiring an additional 30,348 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Kaiser Aluminum Price Performance

Shares of NASDAQ KALU opened at $81.65 on Monday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.60. Kaiser Aluminum Co. has a one year low of $57.52 and a one year high of $102.42. The firm has a market capitalization of $1.31 billion, a P/E ratio of 28.25 and a beta of 1.32. The company’s fifty day moving average is $74.80 and its two-hundred day moving average is $81.13.

Kaiser Aluminum (NASDAQ:KALU) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $0.51 earnings per share 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 company had revenue of $748.00 million for the quarter, compared to analyst estimates of $793.30 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up .5% compared to the same quarter last year. Analysts forecast that Kaiser Aluminum Co. will post 2.63 EPS for the current fiscal year.

Kaiser Aluminum Announces Dividend

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 of this dividend was Friday, October 25th. This represents a $3.08 annualized dividend and a yield of 3.77%. Kaiser Aluminum’s dividend 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.