BNP Paribas Financial Markets Has $1.40 Million Stake in Kaiser Aluminum Co. (NASDAQ:KALU)

BNP Paribas Financial Markets increased its holdings in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 27.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,312 shares of the industrial products company’s stock after purchasing an additional 4,175 shares during the period. BNP Paribas Financial Markets owned approximately 0.12% of Kaiser Aluminum worth $1,401,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. American Century Companies Inc. lifted 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 valued at $22,046,000 after buying an additional 196,045 shares in the last quarter. Bank of Montreal Can lifted its position in Kaiser Aluminum by 368.0% in 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 acquiring an additional 51,802 shares in the last quarter. Riggs Asset Managment Co. Inc. boosted its stake 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 bought a new position in Kaiser Aluminum during the 2nd quarter worth about $2,999,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Kaiser Aluminum by 3,349.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 31,254 shares of the industrial products company’s stock valued at $2,747,000 after purchasing an additional 30,348 shares during the period. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Kaiser Aluminum Stock Down 1.4 %

KALU stock opened at $80.50 on Monday. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.60 and a quick ratio of 1.36. The stock has a market capitalization of $1.30 billion, a P/E ratio of 27.85 and a beta of 1.33. Kaiser Aluminum Co. has a fifty-two week low of $58.20 and a fifty-two week high of $102.42. The business has a 50-day moving average of $77.03 and a 200-day moving average of $79.92.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.16). The business had revenue of $748.00 million for the quarter, compared to the consensus estimate of $793.30 million. Kaiser Aluminum had a return on equity of 6.92% and a net margin of 1.59%. Kaiser Aluminum’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 earnings per share. On average, sell-side analysts anticipate that Kaiser Aluminum Co. will post 2.63 earnings per share for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were given a dividend of $0.77 per share. The ex-dividend date was Friday, October 25th. This represents a $3.08 annualized dividend and a yield of 3.83%. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 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.