Bank of Montreal Can Acquires 7,373 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

Bank of Montreal Can raised its holdings in Kaiser Aluminum Co. (NASDAQ:KALU) by 11.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,250 shares of the industrial products company’s stock after buying an additional 7,373 shares during the quarter. Bank of Montreal Can’s holdings in Kaiser Aluminum were worth $5,360,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of KALU. QRG Capital Management Inc. grew its holdings in shares of Kaiser Aluminum by 6.0% in the 3rd quarter. QRG Capital Management Inc. now owns 3,810 shares of the industrial products company’s stock worth $276,000 after purchasing an additional 214 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Kaiser Aluminum by 0.6% in the 2nd quarter. Rhumbline Advisers now owns 51,374 shares of the industrial products company’s stock worth $4,516,000 after purchasing an additional 314 shares during the last quarter. National Bank of Canada FI bought a new stake in shares of Kaiser Aluminum in the 2nd quarter worth about $32,000. The Manufacturers Life Insurance Company grew its holdings in shares of Kaiser Aluminum by 5.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,893 shares of the industrial products company’s stock worth $694,000 after purchasing an additional 394 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in Kaiser Aluminum by 3.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 12,430 shares of the industrial products company’s stock worth $1,093,000 after acquiring an additional 397 shares during the last quarter. Institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Stock Down 0.3 %

Shares of NASDAQ:KALU opened at $82.96 on Wednesday. Kaiser Aluminum Co. has a 12 month low of $58.20 and a 12 month high of $102.42. The company’s 50-day moving average price is $76.25 and its two-hundred day moving average price is $80.41. The company has a quick ratio of 1.36, a current ratio of 2.60 and a debt-to-equity ratio of 1.56. The firm has a market cap of $1.33 billion, a P/E ratio of 28.71 and a beta of 1.33.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.51 EPS 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 for the quarter, compared to the consensus estimate of $793.30 million. During the same period in the prior year, the company earned $0.46 EPS. The firm’s revenue was up .5% compared to the same quarter last year. As a group, research analysts forecast that Kaiser Aluminum Co. will post 2.63 EPS for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date was Friday, October 25th. 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.