Point72 Asia Singapore Pte. Ltd. Sells 563 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

Point72 Asia Singapore Pte. Ltd. trimmed its holdings in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 15.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,992 shares of the industrial products company’s stock after selling 563 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Kaiser Aluminum were worth $263,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. National Bank of Canada FI purchased a new position in shares of Kaiser Aluminum in the 2nd quarter worth approximately $32,000. GAMMA Investing LLC grew its stake in Kaiser Aluminum by 400.0% during the 1st quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock worth $48,000 after buying an additional 432 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in Kaiser Aluminum during the 2nd quarter valued at about $63,000. EntryPoint Capital LLC raised 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 during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Kaiser Aluminum by 941.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 906 shares of the industrial products company’s stock worth $81,000 after acquiring an additional 819 shares in the last quarter. Institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Stock Up 0.7 %

Kaiser Aluminum stock opened at $73.04 on Wednesday. Kaiser Aluminum Co. has a fifty-two week low of $53.67 and a fifty-two week high of $102.42. The company has a market cap of $1.17 billion, a PE ratio of 21.23 and a beta of 1.33. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.42 and a current ratio of 2.55. The business’s 50-day simple moving average is $71.74 and its two-hundred day simple moving average is $84.84.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.29). The business had revenue of $773.40 million during the quarter, compared to analyst estimates of $773.89 million. Kaiser Aluminum had a return on equity of 6.84% and a net margin of 1.37%. The firm’s revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.26 EPS. Equities analysts anticipate that Kaiser Aluminum Co. will post 3.04 EPS for the current year.

Kaiser Aluminum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, July 25th were given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend was Thursday, July 25th. Kaiser Aluminum’s dividend payout ratio is currently 89.53%.

Wall Street Analysts Forecast Growth

Separately, Benchmark boosted their target price on shares of Kaiser Aluminum from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, July 12th.

Insider Buying and Selling at Kaiser Aluminum

In other Kaiser Aluminum news, CEO Keith Harvey purchased 2,588 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was purchased at an average price of $77.23 per share, for a total transaction of $199,871.24. Following the purchase, the chief executive officer now directly owns 103,550 shares in the company, valued at $7,997,166.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

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.