Algert Global LLC Grows Position in Kaiser Aluminum Co. (NASDAQ:KALU)

Algert Global LLC grew its position in Kaiser Aluminum Co. (NASDAQ:KALU) by 2.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,178 shares of the industrial products company’s stock after purchasing an additional 1,531 shares during the period. Algert Global LLC’s holdings in Kaiser Aluminum were worth $4,509,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of KALU. National Bank of Canada FI acquired a new position in Kaiser Aluminum during the second quarter valued at approximately $32,000. Meeder Asset Management Inc. acquired a new position in shares of Kaiser Aluminum during the 2nd quarter valued at $63,000. nVerses Capital LLC purchased a new stake in Kaiser Aluminum during the 3rd quarter worth $65,000. CWM LLC increased its holdings in Kaiser Aluminum by 125.3% in the 3rd quarter. CWM LLC now owns 1,282 shares of the industrial products company’s stock valued at $93,000 after purchasing an additional 713 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Kaiser Aluminum in the first quarter valued at about $132,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Trading Up 0.6 %

Shares of KALU opened at $81.65 on Monday. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.60 and a quick ratio of 1.36. Kaiser Aluminum Co. has a 12 month low of $57.52 and a 12 month high of $102.42. The stock has a market cap of $1.31 billion, a PE ratio of 28.25 and a beta of 1.32. The stock’s 50-day moving average is $74.80 and its two-hundred day moving average is $81.13.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $793.30 million. During the same quarter in the prior year, the company earned $0.46 EPS. The firm’s revenue was up .5% compared to the same quarter last year. Equities analysts forecast that Kaiser Aluminum Co. will post 2.63 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were issued a $0.77 dividend. The ex-dividend date was Friday, October 25th. This represents a $3.08 dividend on an annualized basis and a yield of 3.77%. Kaiser Aluminum’s dividend payout ratio is currently 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.