Kaiser Aluminum Co. (NASDAQ:KALU) Shares Sold by EntryPoint Capital LLC

EntryPoint Capital LLC reduced its position in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 9.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,726 shares of the industrial products company’s stock after selling 411 shares during the period. EntryPoint Capital LLC’s holdings in Kaiser Aluminum were worth $262,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KALU. Empowered Funds LLC acquired a new position in shares of Kaiser Aluminum in the 4th quarter worth approximately $3,878,000. Barclays PLC boosted its holdings in Kaiser Aluminum by 101.3% during the third quarter. Barclays PLC now owns 27,454 shares of the industrial products company’s stock worth $1,991,000 after buying an additional 13,813 shares in the last quarter. Amundi increased its holdings in shares of Kaiser Aluminum by 196.0% in the fourth quarter. Amundi now owns 8,934 shares of the industrial products company’s stock valued at $629,000 after buying an additional 5,916 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of 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 valued at $21,357,000 after acquiring an additional 7,644 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Kaiser Aluminum by 6.7% during the 3rd quarter. Principal Financial Group Inc. now owns 84,370 shares of the industrial products company’s stock worth $6,119,000 after acquiring an additional 5,287 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors.

Kaiser Aluminum Stock Performance

Kaiser Aluminum stock opened at $62.09 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.44 and a quick ratio of 1.36. The company has a market cap of $999.65 million, a P/E ratio of 21.63 and a beta of 1.37. Kaiser Aluminum Co. has a fifty-two week low of $61.62 and a fifty-two week high of $102.42. The firm’s 50 day simple moving average is $69.93 and its 200-day simple moving average is $72.95.

Kaiser Aluminum (NASDAQ:KALU) last announced its earnings results on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.30). The firm had revenue of $765.40 million for the quarter, compared to analyst estimates of $752.00 million. Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. During the same period last year, the firm earned $0.60 earnings per share. As a group, equities research analysts predict that Kaiser Aluminum Co. will post 5.14 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 24th were paid a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 4.96%. The ex-dividend date was Friday, January 24th. Kaiser Aluminum’s dividend payout ratio is currently 107.32%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Kaiser Aluminum from a “sell” rating to a “hold” rating in a research report on Sunday, March 23rd.

About Kaiser Aluminum

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.