Trust Point Inc. Has $359,000 Stock Position in Kaiser Aluminum Co. (NASDAQ:KALU)

Trust Point Inc. reduced its stake in Kaiser Aluminum Co. (NASDAQ:KALU) by 52.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,112 shares of the industrial products company’s stock after selling 5,580 shares during the period. Trust Point Inc.’s holdings in Kaiser Aluminum were worth $359,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KALU. Renaissance Technologies LLC acquired a new position in Kaiser Aluminum in the second quarter valued at approximately $448,000. AQR Capital Management LLC lifted its stake in Kaiser Aluminum by 40.4% in the second quarter. AQR Capital Management LLC now owns 7,969 shares of the industrial products company’s stock valued at $700,000 after buying an additional 2,294 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Kaiser Aluminum by 5.3% in the second quarter. The Manufacturers Life Insurance Company now owns 7,893 shares of the industrial products company’s stock valued at $694,000 after buying an additional 394 shares during the period. Truist Financial Corp acquired a new position in Kaiser Aluminum in the second quarter valued at approximately $340,000. Finally, 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 period. 99.29% of the stock is owned by institutional investors and hedge funds.

Kaiser Aluminum Price Performance

Shares of KALU opened at $70.16 on Thursday. Kaiser Aluminum Co. has a 52-week low of $60.71 and a 52-week 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 business’s 50 day moving average price is $73.48 and its two-hundred day moving average price is $74.03. The firm has a market cap of $1.13 billion, a PE ratio of 24.28 and a beta of 1.34.

Kaiser Aluminum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 24th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend is Friday, January 24th. 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.