Kaiser Aluminum Co. (NASDAQ:KALU) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in Kaiser Aluminum Co. (NASDAQ:KALU) by 6.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 84,370 shares of the industrial products company’s stock after buying an additional 5,287 shares during the quarter. Principal Financial Group Inc. owned about 0.53% of Kaiser Aluminum worth $6,119,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. QRG Capital Management Inc. increased its stake in Kaiser Aluminum by 6.0% in the 3rd quarter. QRG Capital Management Inc. now owns 3,810 shares of the industrial products company’s stock valued at $276,000 after purchasing an additional 214 shares in the last quarter. Everence Capital Management Inc. boosted its position in shares of Kaiser Aluminum by 89.3% in the 3rd quarter. Everence Capital Management Inc. now owns 4,580 shares of the industrial products company’s stock worth $332,000 after buying an additional 2,160 shares in the last quarter. nVerses Capital LLC purchased a new position in Kaiser Aluminum during the 3rd quarter valued at about $65,000. CWM LLC raised its position in Kaiser Aluminum by 125.3% during the third quarter. CWM LLC now owns 1,282 shares of the industrial products company’s stock worth $93,000 after acquiring an additional 713 shares during the last quarter. Finally, Truist Financial Corp purchased a new position in shares of Kaiser Aluminum during the 2nd quarter worth approximately $340,000. Institutional investors and hedge funds own 99.29% of the company’s stock.

Kaiser Aluminum Price Performance

Shares of NASDAQ:KALU opened at $80.24 on Thursday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.60. The stock has a market cap of $1.29 billion, a PE ratio of 27.76 and a beta of 1.32. Kaiser Aluminum Co. has a one year low of $57.52 and a one year high of $102.42. The business’s fifty day moving average price is $74.30 and its two-hundred day moving average price is $81.47.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings data 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). The firm had revenue of $748.00 million during the quarter, compared to analyst estimates of $793.30 million. Kaiser Aluminum had a net margin of 1.59% and a return on equity of 6.92%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 EPS. On average, analysts forecast that Kaiser Aluminum Co. will post 2.63 EPS for the current fiscal year.

Kaiser Aluminum Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 25th were issued a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.84%. 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.