Advisors Asset Management Inc. Takes $1.46 Million Position in Kaiser Aluminum Co. (NASDAQ:KALU)

Advisors Asset Management Inc. acquired a new stake in Kaiser Aluminum Co. (NASDAQ:KALU) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 20,087 shares of the industrial products company’s stock, valued at approximately $1,457,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Chesapeake Capital Corp IL grew its holdings in Kaiser Aluminum by 27.9% during the 3rd quarter. Chesapeake Capital Corp IL now owns 6,471 shares of the industrial products company’s stock worth $474,000 after acquiring an additional 1,412 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in shares of Kaiser Aluminum by 91.6% during the third quarter. GSA Capital Partners LLP now owns 9,121 shares of the industrial products company’s stock worth $661,000 after purchasing an additional 4,360 shares during the period. Versor Investments LP bought a new stake in shares of Kaiser Aluminum in the third quarter worth $319,000. Principal Financial Group Inc. increased its holdings in Kaiser Aluminum by 6.7% in the third quarter. Principal Financial Group Inc. now owns 84,370 shares of the industrial products company’s stock valued at $6,119,000 after purchasing an additional 5,287 shares during the period. Finally, QRG Capital Management Inc. lifted its holdings in Kaiser Aluminum by 6.0% during the 3rd quarter. QRG Capital Management Inc. now owns 3,810 shares of the industrial products company’s stock worth $276,000 after buying an additional 214 shares during the period. Institutional investors and hedge funds own 99.29% of the company’s stock.

Kaiser Aluminum Trading Up 2.6 %

NASDAQ KALU opened at $83.78 on Tuesday. Kaiser Aluminum Co. has a 12 month low of $57.52 and a 12 month high of $102.42. The company has a current ratio of 2.60, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $1.35 billion, a PE ratio of 28.99 and a beta of 1.32. The business’s 50-day moving average price is $75.09 and its two-hundred day moving average price is $81.04.

Kaiser Aluminum (NASDAQ:KALU) last released its 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). The firm had revenue of $748.00 million for the quarter, compared to analyst estimates of $793.30 million. Kaiser Aluminum had a net margin of 1.59% and a return on equity of 6.92%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.46 EPS. On average, analysts expect that Kaiser Aluminum Co. will post 2.63 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 25th were paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend was Friday, October 25th. 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.