Intech Investment Management LLC Buys 24,719 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

Intech Investment Management LLC lifted its stake in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 578.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 28,991 shares of the industrial products company’s stock after acquiring an additional 24,719 shares during the period. Intech Investment Management LLC’s holdings in Kaiser Aluminum were worth $2,102,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KALU. American Century Companies Inc. boosted its stake in Kaiser Aluminum by 358.0% in the second quarter. American Century Companies Inc. now owns 250,809 shares of the industrial products company’s stock worth $22,046,000 after buying an additional 196,045 shares in the last quarter. Bank of Montreal Can grew 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 valued at $5,917,000 after purchasing an additional 51,802 shares during the last quarter. Riggs Asset Managment Co. Inc. raised its position in Kaiser Aluminum by 532,185.7% in 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 purchasing an additional 37,253 shares during the period. ClariVest Asset Management LLC purchased a new position in Kaiser Aluminum in the 2nd quarter worth $2,999,000. Finally, Allspring Global Investments Holdings LLC boosted its position in Kaiser Aluminum by 3,349.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 31,254 shares of the industrial products company’s stock valued at $2,747,000 after buying an additional 30,348 shares during the period. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Kaiser Aluminum Trading Up 0.6 %

Shares of KALU opened at $81.65 on Monday. The stock has a market capitalization of $1.31 billion, a P/E ratio of 28.25 and a beta of 1.32. The firm has a fifty day simple moving average of $74.80 and a two-hundred day simple moving average of $81.13. 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 twelve month low of $57.52 and a twelve month high of $102.42.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.51 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 business 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 company earned $0.46 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. On average, research analysts anticipate that Kaiser Aluminum Co. will post 2.63 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors 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 3.77%. The ex-dividend date of this dividend was Friday, October 25th. Kaiser Aluminum’s 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.