Kaiser Aluminum Co. (NASDAQ:KALU) Shares Acquired by Barclays PLC

Barclays PLC boosted its holdings in Kaiser Aluminum Co. (NASDAQ:KALU) by 101.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,454 shares of the industrial products company’s stock after purchasing an additional 13,813 shares during the quarter. Barclays PLC owned approximately 0.17% of Kaiser Aluminum worth $1,991,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. National Bank of Canada FI acquired a new position in shares of Kaiser Aluminum during the 2nd quarter valued at about $32,000. Point72 DIFC Ltd purchased a new position in Kaiser Aluminum during the third quarter worth approximately $41,000. Meeder Asset Management Inc. purchased a new position in Kaiser Aluminum during the second quarter worth approximately $63,000. nVerses Capital LLC acquired a new position in shares of Kaiser Aluminum in the 3rd quarter valued at $65,000. Finally, CWM LLC grew its stake in shares of Kaiser Aluminum by 125.3% during the 3rd quarter. CWM LLC now owns 1,282 shares of the industrial products company’s stock valued at $93,000 after buying an additional 713 shares during the period. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Kaiser Aluminum Trading Up 0.6 %

Shares of KALU opened at $70.81 on Friday. The stock’s fifty day simple moving average is $77.62 and its 200 day simple moving average is $78.06. Kaiser Aluminum Co. has a twelve month low of $59.52 and a twelve month high of $102.42. The company has a current ratio of 2.60, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $1.14 billion, a P/E ratio of 24.50 and a beta of 1.33.

Kaiser Aluminum (NASDAQ:KALU) last issued its earnings results 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 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 firm posted $0.46 EPS. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. On average, equities research analysts forecast that Kaiser Aluminum Co. will post 2.63 earnings per share for the current 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 dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $3.08 annualized dividend and a dividend yield of 4.35%. 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.