KBC Group NV Purchases 410 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

KBC Group NV grew its position in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 93.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 851 shares of the industrial products company’s stock after acquiring an additional 410 shares during the period. KBC Group NV’s holdings in Kaiser Aluminum were worth $60,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Point72 DIFC Ltd purchased a new stake in Kaiser Aluminum in the third quarter worth about $41,000. nVerses Capital LLC bought a new stake in shares of Kaiser Aluminum during the third quarter valued at approximately $65,000. CWM LLC grew its stake in Kaiser Aluminum by 125.3% in the third quarter. CWM LLC now owns 1,282 shares of the industrial products company’s stock worth $93,000 after purchasing an additional 713 shares during the period. Millburn Ridgefield Corp purchased a new stake in Kaiser Aluminum in the third quarter worth $169,000. Finally, Virtu Financial LLC bought a new position in Kaiser Aluminum in the third quarter worth $217,000. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Kaiser Aluminum Stock Performance

Shares of KALU stock opened at $72.41 on Tuesday. The company’s fifty day moving average price is $72.85 and its 200-day moving average price is $73.50. The stock has a market cap of $1.16 billion, a PE ratio of 25.06 and a beta of 1.34. The company has a current ratio of 2.60, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. Kaiser Aluminum Co. has a 12 month low of $60.71 and a 12 month high of $102.42.

Kaiser Aluminum Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 24th will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend is Friday, January 24th. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 106.57%.

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.