Kaiser Aluminum Co. (NASDAQ:KALU) Shares Purchased by State Street Corp

State Street Corp raised its holdings in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 2.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 960,742 shares of the industrial products company’s stock after buying an additional 20,979 shares during the period. State Street Corp owned about 5.97% of Kaiser Aluminum worth $69,673,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KALU. American Century Companies Inc. lifted its position 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 valued at $22,046,000 after buying an additional 196,045 shares in the last quarter. Bank of Montreal Can lifted its position in Kaiser Aluminum by 368.0% during the second 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 in the last quarter. Riggs Asset Managment Co. Inc. lifted its position in Kaiser Aluminum by 532,185.7% during 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 valued at approximately $2,999,000. Finally, Allspring Global Investments Holdings LLC lifted its position in Kaiser Aluminum by 3,349.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 31,254 shares of the industrial products company’s stock valued at $2,747,000 after buying an additional 30,348 shares in the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

Kaiser Aluminum Trading Down 1.5 %

KALU opened at $75.18 on Wednesday. The firm has a market capitalization of $1.21 billion, a P/E ratio of 26.01 and a beta of 1.33. The firm’s 50 day moving average is $77.88 and its 200-day moving average is $78.96. Kaiser Aluminum Co. has a 52-week low of $59.52 and a 52-week high of $102.42. The company has a quick ratio of 1.36, a current ratio of 2.60 and a debt-to-equity ratio of 1.56.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.16). The firm had revenue of $748.00 million for the quarter, compared to analysts’ expectations of $793.30 million. Kaiser Aluminum had a net margin of 1.59% and a return on equity of 6.92%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 EPS. Analysts expect that Kaiser Aluminum Co. will post 2.63 EPS for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 25th were paid a dividend of $0.77 per share. The ex-dividend date was Friday, October 25th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.10%. Kaiser Aluminum’s dividend payout ratio 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.