Chesapeake Capital Corp IL Has $474,000 Position in Kaiser Aluminum Co. (NASDAQ:KALU)

Chesapeake Capital Corp IL increased its holdings in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 27.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,471 shares of the industrial products company’s stock after purchasing an additional 1,412 shares during the period. Chesapeake Capital Corp IL’s holdings in Kaiser Aluminum were worth $474,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in KALU. National Bank of Canada FI bought a new position in Kaiser Aluminum during the 2nd quarter worth $32,000. Meeder Asset Management Inc. acquired a new stake in Kaiser Aluminum in the second quarter valued at about $63,000. nVerses Capital LLC acquired a new stake in Kaiser Aluminum in the third quarter valued at about $65,000. EntryPoint Capital LLC boosted its stake in Kaiser Aluminum by 79.7% in the first quarter. EntryPoint Capital LLC now owns 861 shares of the industrial products company’s stock valued at $77,000 after buying an additional 382 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Kaiser Aluminum by 941.4% during the first 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 in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Kaiser Aluminum Stock Performance

Shares of KALU stock opened at $80.63 on Monday. The business’s 50-day moving average price is $73.53 and its 200-day moving average price is $81.69. Kaiser Aluminum Co. has a 12 month low of $57.52 and a 12 month high of $102.42. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 27.90 and a beta of 1.32. The company has a current ratio of 2.60, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56.

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 return on equity of 6.92% and a net margin of 1.59%. The company had revenue of $748.00 million for the quarter, compared to the consensus estimate of $793.30 million. During the same quarter last year, the business earned $0.46 earnings per share. Kaiser Aluminum’s revenue was up .5% compared to the same quarter last year. Equities research analysts forecast that Kaiser Aluminum Co. will post 2.63 EPS for the current year.

Kaiser Aluminum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.82%. Kaiser Aluminum’s dividend payout ratio (DPR) is 106.57%.

About Kaiser Aluminum

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.