Chesapeake Capital Corp IL Buys 1,412 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

Chesapeake Capital Corp IL grew its holdings in Kaiser Aluminum Co. (NASDAQ:KALU) by 27.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,471 shares of the industrial products company’s stock after buying an additional 1,412 shares during the quarter. Chesapeake Capital Corp IL’s holdings in Kaiser Aluminum were worth $474,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. GSA Capital Partners LLP increased its stake in shares of Kaiser Aluminum by 91.6% in the third quarter. GSA Capital Partners LLP now owns 9,121 shares of the industrial products company’s stock valued at $661,000 after buying an additional 4,360 shares in the last quarter. Versor Investments LP acquired a new stake in shares of Kaiser Aluminum in the third quarter valued at $319,000. Principal Financial Group Inc. increased its stake in shares of Kaiser Aluminum by 6.7% in the third quarter. Principal Financial Group Inc. now owns 84,370 shares of the industrial products company’s stock valued at $6,119,000 after buying an additional 5,287 shares in the last quarter. QRG Capital Management Inc. increased its stake in shares of Kaiser Aluminum by 6.0% in the third quarter. QRG Capital Management Inc. now owns 3,810 shares of the industrial products company’s stock valued at $276,000 after buying an additional 214 shares in the last quarter. Finally, Everence Capital Management Inc. increased its stake in shares of Kaiser Aluminum by 89.3% in the third quarter. Everence Capital Management Inc. now owns 4,580 shares of the industrial products company’s stock valued at $332,000 after buying an additional 2,160 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Kaiser Aluminum Stock Performance

Shares of NASDAQ:KALU opened at $80.63 on Monday. Kaiser Aluminum Co. has a twelve month low of $57.52 and a twelve month high of $102.42. The firm has a market cap of $1.30 billion, a PE ratio of 27.90 and a beta of 1.32. 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 business has a fifty day moving average of $73.53 and a 200-day moving average of $81.69.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.51 EPS 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 return on equity of 6.92% and a net margin of 1.59%. Kaiser Aluminum’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 earnings per share. On average, equities research analysts predict that Kaiser Aluminum Co. will post 2.63 EPS for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 25th were given a $0.77 dividend. The ex-dividend date was Friday, October 25th. This represents a $3.08 dividend on an annualized basis and a yield of 3.82%. Kaiser Aluminum’s payout ratio is 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.