Kaiser Aluminum Co. (NASDAQ:KALU) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in Kaiser Aluminum Co. (NASDAQ:KALU) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 376,745 shares of the industrial products company’s stock after acquiring an additional 4,388 shares during the quarter. Geode Capital Management LLC owned 2.34% of Kaiser Aluminum worth $27,326,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. State Street Corp lifted its stake in Kaiser Aluminum by 2.2% during the third quarter. State Street Corp now owns 960,742 shares of the industrial products company’s stock worth $69,673,000 after purchasing an additional 20,979 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Kaiser Aluminum by 1.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 826,985 shares of the industrial products company’s stock worth $72,692,000 after acquiring an additional 8,830 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Kaiser Aluminum by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 760,500 shares of the industrial products company’s stock valued at $66,846,000 after purchasing an additional 16,148 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Kaiser Aluminum by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 294,502 shares of the industrial products company’s stock worth $21,357,000 after buying an additional 7,644 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of 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 valued at $22,046,000 after acquiring an additional 196,045 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Trading Up 0.6 %

KALU opened at $70.81 on Friday. The business has a fifty day moving average price of $77.62 and a 200 day moving average price of $78.06. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.60 and a quick ratio of 1.36. Kaiser Aluminum Co. has a 12 month low of $59.52 and a 12 month high of $102.42. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 24.50 and a beta of 1.33.

Kaiser Aluminum (NASDAQ:KALU) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.16). Kaiser Aluminum had a return on equity of 6.92% and a net margin of 1.59%. The firm had revenue of $748.00 million for the quarter, compared to analysts’ expectations of $793.30 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The firm’s quarterly revenue was up .5% on a year-over-year basis. Sell-side analysts expect that Kaiser Aluminum Co. will post 2.63 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 25th were issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend was Friday, October 25th. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 106.57%.

About Kaiser Aluminum

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.