Public Sector Pension Investment Board Has $2.45 Million Stake in Kaiser Aluminum Co. (NASDAQ:KALU)

Public Sector Pension Investment Board decreased its position in Kaiser Aluminum Co. (NASDAQ:KALU) by 3.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 33,791 shares of the industrial products company’s stock after selling 1,200 shares during the period. Public Sector Pension Investment Board owned about 0.21% of Kaiser Aluminum worth $2,451,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of KALU. American Century Companies Inc. boosted its stake in shares of Kaiser Aluminum by 358.0% during the 2nd quarter. American Century Companies Inc. now owns 250,809 shares of the industrial products company’s stock valued at $22,046,000 after buying an additional 196,045 shares during the period. Bank of Montreal Can boosted its stake in shares of Kaiser Aluminum by 368.0% during the 2nd quarter. Bank of Montreal Can now owns 65,877 shares of the industrial products company’s stock valued at $5,917,000 after buying an additional 51,802 shares during the period. Riggs Asset Managment Co. Inc. boosted its stake in shares of Kaiser Aluminum by 532,185.7% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 37,260 shares of the industrial products company’s stock valued at $3,275,000 after buying an additional 37,253 shares during the period. ClariVest Asset Management LLC acquired a new stake in shares of Kaiser Aluminum during the 2nd quarter valued at $2,999,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Kaiser Aluminum by 3,349.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 31,254 shares of the industrial products company’s stock valued at $2,747,000 after buying an additional 30,348 shares during the period. Institutional investors and hedge funds own 99.29% of the company’s stock.

Kaiser Aluminum Trading Down 0.4 %

Shares of NASDAQ:KALU opened at $82.63 on Thursday. The firm has a fifty day moving average of $76.47 and a two-hundred day moving average of $80.28. The firm has a market capitalization of $1.33 billion, a P/E ratio of 28.68 and a beta of 1.33. Kaiser Aluminum Co. has a 12-month low of $58.20 and a 12-month high of $102.42. The company has a quick ratio of 1.36, a current ratio of 2.60 and a debt-to-equity ratio of 1.56.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.16). Kaiser Aluminum had a net margin of 1.59% and a return on equity of 6.92%. The business had revenue of $748.00 million during the quarter, compared to analyst estimates of $793.30 million. During the same period in the previous year, the firm posted $0.46 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities analysts expect that Kaiser Aluminum Co. will post 2.63 EPS for the current fiscal year.

Kaiser Aluminum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 25th were paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend was Friday, October 25th. Kaiser Aluminum’s payout ratio is presently 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.