Cwm LLC Buys 713 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

Cwm LLC raised its position in Kaiser Aluminum Co. (NASDAQ:KALU) by 125.3% in the 3rd quarter, Holdings Channel reports. The firm owned 1,282 shares of the industrial products company’s stock after buying an additional 713 shares during the period. Cwm LLC’s holdings in Kaiser Aluminum were worth $93,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. National Bank of Canada FI acquired a new position in Kaiser Aluminum in the second quarter valued at about $32,000. Meeder Asset Management Inc. acquired a new position in shares of Kaiser Aluminum in the second quarter valued at approximately $63,000. EntryPoint Capital LLC increased its position in shares of Kaiser Aluminum by 79.7% during the first quarter. EntryPoint Capital LLC now owns 861 shares of the industrial products company’s stock worth $77,000 after acquiring an additional 382 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Kaiser Aluminum by 941.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 906 shares of the industrial products company’s stock valued at $81,000 after acquiring an additional 819 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Kaiser Aluminum in the 1st quarter worth $132,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Kaiser Aluminum Trading Up 2.7 %

NASDAQ KALU opened at $68.34 on Friday. Kaiser Aluminum Co. has a 12 month low of $53.67 and a 12 month high of $102.42. The company has a current ratio of 2.55, a quick ratio of 1.42 and a debt-to-equity ratio of 1.57. The stock has a 50 day moving average of $71.15 and a 200-day moving average of $82.84. The company has a market cap of $1.10 billion, a PE ratio of 27.45 and a beta of 1.33.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings results 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). Kaiser Aluminum had a return on equity of 6.84% and a net margin of 1.37%. The business had revenue of $748.00 million for the quarter, compared to the consensus estimate of $793.30 million. During the same quarter in the previous year, the business posted $0.46 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts anticipate that Kaiser Aluminum Co. will post 2.99 EPS for the current fiscal year.

Kaiser Aluminum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 25th will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend is Friday, October 25th. Kaiser Aluminum’s dividend payout ratio is presently 123.69%.

Analysts Set New Price Targets

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

Insider Transactions at Kaiser Aluminum

In other news, CEO Keith Harvey acquired 2,588 shares of the stock in a transaction on Monday, July 29th. The shares were purchased at an average price of $77.23 per share, for a total transaction of $199,871.24. Following the transaction, the chief executive officer now directly owns 103,550 shares of the company’s stock, valued at approximately $7,997,166.50. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is owned by corporate insiders.

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.