560 Shares in Kaiser Aluminum Co. (NASDAQ:KALU) Purchased by Point72 DIFC Ltd

Point72 DIFC Ltd purchased a new stake in Kaiser Aluminum Co. (NASDAQ:KALU) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 560 shares of the industrial products company’s stock, valued at approximately $41,000.

Several other institutional investors also recently modified their holdings of the company. National Bank of Canada FI bought a new position in Kaiser Aluminum in the second quarter worth $32,000. Meeder Asset Management Inc. acquired a new position in Kaiser Aluminum in the second quarter worth about $63,000. nVerses Capital LLC bought a new position in Kaiser Aluminum during the third quarter worth about $65,000. CWM LLC boosted its holdings in Kaiser Aluminum by 125.3% during the third 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, Millburn Ridgefield Corp bought a new stake in shares of Kaiser Aluminum in the 3rd quarter valued at approximately $169,000. Institutional investors and hedge funds own 99.29% of the company’s stock.

Kaiser Aluminum Trading Up 0.6 %

Shares of KALU opened at $81.00 on Tuesday. The stock has a 50 day simple moving average of $77.20 and a 200-day simple moving average of $79.82. 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 stock has a market cap of $1.30 billion, a PE ratio of 28.03 and a beta of 1.33. Kaiser Aluminum Co. has a 1 year low of $59.52 and a 1 year high of $102.42.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.16). Kaiser Aluminum had a net margin of 1.59% and a return on equity of 6.92%. 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 previous year, the business posted $0.46 earnings per share. The firm’s revenue was up .5% compared to the same quarter last year. On average, sell-side analysts predict that Kaiser Aluminum Co. will post 2.63 EPS for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $3.08 annualized dividend and a yield of 3.80%. Kaiser Aluminum’s dividend payout ratio is 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.