Avidian Wealth Enterprises LLC Invests $250,000 in Kaiser Aluminum Co. (NASDAQ:KALU)

Avidian Wealth Enterprises LLC purchased a new stake in Kaiser Aluminum Co. (NASDAQ:KALU) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,557 shares of the industrial products company’s stock, valued at approximately $250,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Truist Financial Corp acquired a new position in shares of Kaiser Aluminum during the second quarter valued at approximately $340,000. CWM LLC raised its stake in Kaiser Aluminum by 125.3% in the 3rd 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 during the last quarter. nVerses Capital LLC purchased a new position in Kaiser Aluminum in the 3rd quarter valued at $65,000. Everence Capital Management Inc. boosted its stake in Kaiser Aluminum by 89.3% during the 3rd quarter. Everence Capital Management Inc. now owns 4,580 shares of the industrial products company’s stock worth $332,000 after purchasing an additional 2,160 shares during the last quarter. Finally, QRG Capital Management Inc. grew its holdings in shares of Kaiser Aluminum by 6.0% during the third quarter. QRG Capital Management Inc. now owns 3,810 shares of the industrial products company’s stock worth $276,000 after buying an additional 214 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Stock Performance

NASDAQ:KALU opened at $70.25 on Friday. The company has a market cap of $1.13 billion, a P/E ratio of 24.31 and a beta of 1.34. Kaiser Aluminum Co. has a twelve month low of $62.83 and a twelve month high of $102.42. The company’s 50-day moving average price is $72.06 and its 200-day moving average price is $73.41. The company has a current ratio of 2.60, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56.

Kaiser Aluminum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 24th were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date of this dividend was Friday, January 24th. Kaiser Aluminum’s dividend payout ratio (DPR) 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.