Virtu Financial LLC Takes Position in Kaiser Aluminum Co. (NASDAQ:KALU)

Virtu Financial LLC purchased a new position in shares of Kaiser Aluminum Co. (NASDAQ:KALU) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,997 shares of the industrial products company’s stock, valued at approximately $217,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. State Street Corp grew its stake in Kaiser Aluminum by 2.2% during the third quarter. State Street Corp now owns 960,742 shares of the industrial products company’s stock worth $69,673,000 after buying an additional 20,979 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Kaiser Aluminum by 1.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 826,985 shares of the industrial products company’s stock valued at $72,692,000 after purchasing an additional 8,830 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Kaiser Aluminum by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 760,500 shares of the industrial products company’s stock worth $66,846,000 after buying an additional 16,148 shares in the last quarter. Geode Capital Management LLC boosted its stake in Kaiser Aluminum by 1.2% in the third quarter. Geode Capital Management LLC now owns 376,745 shares of the industrial products company’s stock valued at $27,326,000 after buying an additional 4,388 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Kaiser Aluminum by 2.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 294,502 shares of the industrial products company’s stock valued at $21,357,000 after acquiring an additional 7,644 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Kaiser Aluminum Stock Down 4.9 %

KALU stock opened at $71.47 on Thursday. The firm has a 50-day moving average price of $77.87 and a 200-day moving average price of $78.91. Kaiser Aluminum Co. has a 12 month low of $59.52 and a 12 month high of $102.42. The company has a current ratio of 2.60, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $1.15 billion, a P/E ratio of 24.73 and a beta of 1.33.

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

Kaiser Aluminum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were issued a $0.77 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $3.08 dividend on an annualized basis and a yield of 4.31%. 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.