California Public Employees Retirement System boosted its holdings in Kaiser Aluminum Corp. (NASDAQ:KALU) by 6.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,852 shares of the industrial products company’s stock after purchasing an additional 2,452 shares during the quarter. California Public Employees Retirement System owned about 0.25% of Kaiser Aluminum worth $4,317,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of KALU. Schwab Charles Investment Management Inc. grew its position in Kaiser Aluminum by 4.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 126,803 shares of the industrial products company’s stock valued at $11,225,000 after purchasing an additional 5,729 shares during the period. SG Americas Securities LLC grew its position in Kaiser Aluminum by 90.5% in the 2nd quarter. SG Americas Securities LLC now owns 2,843 shares of the industrial products company’s stock valued at $252,000 after purchasing an additional 1,351 shares during the period. Legal & General Group Plc boosted its holdings in Kaiser Aluminum by 6.6% during the 2nd quarter. Legal & General Group Plc now owns 33,203 shares of the industrial products company’s stock worth $2,937,000 after acquiring an additional 2,046 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Kaiser Aluminum by 42.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,147 shares of the industrial products company’s stock worth $544,000 after acquiring an additional 1,825 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its holdings in Kaiser Aluminum by 94.7% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 11,277 shares of the industrial products company’s stock worth $998,000 after acquiring an additional 5,485 shares during the last quarter.
In other news, VP Melinda C. Ellsworth sold 1,000 shares of Kaiser Aluminum stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $99.48, for a total transaction of $99,480.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.00% of the company’s stock.
Shares of Kaiser Aluminum Corp. (NASDAQ:KALU) opened at $113.34 on Thursday. The company has a market capitalization of $1,863.14, a price-to-earnings ratio of 23.42, a PEG ratio of 1.30 and a beta of 0.54. Kaiser Aluminum Corp. has a 52 week low of $74.56 and a 52 week high of $114.39. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.55 and a current ratio of 3.75.
Kaiser Aluminum (NASDAQ:KALU) last released its earnings results on Wednesday, October 18th. The industrial products company reported $0.90 EPS for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.19). The business had revenue of $332.80 million for the quarter, compared to the consensus estimate of $335.37 million. Kaiser Aluminum had a return on equity of 11.45% and a net margin of 6.18%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.02 earnings per share. research analysts predict that Kaiser Aluminum Corp. will post 5.03 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 26th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.94%. This is a boost from Kaiser Aluminum’s previous quarterly dividend of $0.50. The ex-dividend date is Thursday, January 25th. Kaiser Aluminum’s payout ratio is presently 41.32%.
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About Kaiser Aluminum
Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The Company operates in the Fabricated Products segment. The Company’s Fabricated Products segment focuses on producing rolled, extruded and drawn aluminum products used principally for aerospace and defense, automotive and general engineering products that include consumer durables, electronics, electrical and machinery and equipment applications.
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