Cwm LLC Has $93,000 Stock Holdings in Kaiser Aluminum Co. (NASDAQ:KALU)

Cwm LLC lifted its stake in Kaiser Aluminum Co. (NASDAQ:KALU) by 125.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,282 shares of the industrial products company’s stock after purchasing an additional 713 shares during the quarter. Cwm LLC’s holdings in Kaiser Aluminum were worth $93,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. National Bank of Canada FI acquired a new stake in shares of Kaiser Aluminum during the 2nd quarter valued at $32,000. Meeder Asset Management Inc. acquired a new position in Kaiser Aluminum during the 2nd quarter worth $63,000. EntryPoint Capital LLC increased its stake in shares of Kaiser Aluminum by 79.7% in the first quarter. EntryPoint Capital LLC now owns 861 shares of the industrial products company’s stock worth $77,000 after purchasing an additional 382 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Kaiser Aluminum by 941.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 906 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 819 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Kaiser Aluminum in the 1st quarter valued at approximately $132,000. 99.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Benchmark increased their target price on shares of Kaiser Aluminum from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, July 12th.

Kaiser Aluminum Stock Up 2.7 %

Shares of KALU opened at $68.34 on Friday. The company has a quick ratio of 1.42, a current ratio of 2.55 and a debt-to-equity ratio of 1.57. The company has a 50-day moving average price of $71.15 and a two-hundred day moving average price of $82.84. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 27.45 and a beta of 1.33. Kaiser Aluminum Co. has a 12 month low of $53.67 and a 12 month 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). Kaiser Aluminum had a net margin of 1.37% and a return on equity of 6.84%. The company 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 business posted $0.46 earnings per share. The firm’s revenue was up .5% compared to the same quarter last year. Equities analysts predict that Kaiser Aluminum Co. will post 2.99 EPS for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 25th will be given a dividend of $0.77 per share. The ex-dividend date is Friday, October 25th. This represents a $3.08 dividend on an annualized basis and a yield of 4.51%. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 123.69%.

Insider Buying and Selling at Kaiser Aluminum

In related news, CEO Keith Harvey acquired 2,588 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were purchased at an average price of $77.23 per share, with a total value of $199,871.24. Following the acquisition, the chief executive officer now directly owns 103,550 shares in the company, valued at $7,997,166.50. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.50% of the company’s stock.

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.