Versor Investments LP Acquires Shares of 4,400 Kaiser Aluminum Co. (NASDAQ:KALU)

Versor Investments LP purchased a new position in shares of Kaiser Aluminum Co. (NASDAQ:KALU) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,400 shares of the industrial products company’s stock, valued at approximately $319,000.

Several other institutional investors have also modified their holdings of KALU. American Century Companies Inc. raised its holdings in shares of Kaiser Aluminum by 358.0% during the 2nd quarter. American Century Companies Inc. now owns 250,809 shares of the industrial products company’s stock worth $22,046,000 after acquiring an additional 196,045 shares during the period. Bank of Montreal Can raised its holdings in shares of Kaiser Aluminum by 368.0% during the 2nd quarter. Bank of Montreal Can now owns 65,877 shares of the industrial products company’s stock worth $5,917,000 after acquiring an additional 51,802 shares during the period. Riggs Asset Managment Co. Inc. raised its holdings in shares of Kaiser Aluminum by 532,185.7% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 37,260 shares of the industrial products company’s stock worth $3,275,000 after acquiring an additional 37,253 shares during the period. ClariVest Asset Management LLC purchased a new position in shares of Kaiser Aluminum during the 2nd quarter worth $2,999,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Kaiser Aluminum by 3,349.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 31,254 shares of the industrial products company’s stock worth $2,747,000 after acquiring an additional 30,348 shares during the period. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Stock Down 0.9 %

NASDAQ KALU opened at $80.63 on Friday. The business’s fifty day simple moving average is $73.53 and its 200-day simple moving average is $81.82. 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 $1.30 billion, a PE ratio of 27.90 and a beta of 1.32. Kaiser Aluminum Co. has a 52 week low of $57.52 and a 52 week 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). The business had revenue of $748.00 million for 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 firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.46 earnings per share. As a group, equities analysts anticipate that Kaiser Aluminum Co. will post 2.63 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 25th were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date was Friday, October 25th. Kaiser Aluminum’s payout ratio is 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.