Kaiser Aluminum Co. (NASDAQ:KALU) Position Increased by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. lifted its position in Kaiser Aluminum Co. (NASDAQ:KALU) by 20.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,597 shares of the industrial products company’s stock after acquiring an additional 605 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Kaiser Aluminum were worth $261,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in Kaiser Aluminum by 6.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,953 shares of the industrial products company’s stock valued at $801,000 after buying an additional 561 shares during the period. Tidal Investments LLC acquired a new stake in shares of Kaiser Aluminum during the first quarter worth approximately $289,000. QRG Capital Management Inc. purchased a new position in Kaiser Aluminum during the second quarter valued at approximately $316,000. SG Americas Securities LLC increased its stake in Kaiser Aluminum by 911.6% in the 2nd quarter. SG Americas Securities LLC now owns 14,971 shares of the industrial products company’s stock valued at $1,316,000 after buying an additional 13,491 shares during the period. Finally, 180 Wealth Advisors LLC lifted its position in Kaiser Aluminum by 23.7% in the 2nd quarter. 180 Wealth Advisors LLC now owns 2,909 shares of the industrial products company’s stock worth $265,000 after buying an additional 558 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Trading Down 0.3 %

Kaiser Aluminum stock opened at $82.96 on Wednesday. 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 Co. has a 12 month low of $58.20 and a 12 month high of $102.42. The company’s fifty day simple moving average is $76.25 and its 200-day simple moving average is $80.41. The stock 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 earnings results on Wednesday, October 23rd. The industrial products company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.16). The firm had revenue of $748.00 million during the quarter, compared to analyst estimates of $793.30 million. Kaiser Aluminum had a return on equity of 6.92% and a net margin of 1.59%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the company earned $0.46 earnings per share. As a group, sell-side analysts forecast that Kaiser Aluminum Co. will post 2.63 EPS for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend was Friday, October 25th. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 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.