Fiduciary Financial Group LLC Acquires Shares of 3,999 Kaiser Aluminum Co. (NASDAQ:KALU)

Fiduciary Financial Group LLC purchased a new position in shares of Kaiser Aluminum Co. (NASDAQ:KALU) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,999 shares of the industrial products company’s stock, valued at approximately $281,000.

Other institutional investors have also modified their holdings of the company. Point72 DIFC Ltd purchased a new position in shares of Kaiser Aluminum during the 3rd quarter worth $41,000. nVerses Capital LLC purchased a new position in shares of Kaiser Aluminum during the 3rd quarter worth $65,000. CWM LLC raised its holdings in shares of Kaiser Aluminum by 125.3% during the 3rd quarter. CWM LLC now owns 1,282 shares of the industrial products company’s stock worth $93,000 after acquiring an additional 713 shares during the period. Millburn Ridgefield Corp acquired a new stake in shares of Kaiser Aluminum during the 3rd quarter worth about $169,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Kaiser Aluminum during the 2nd quarter worth about $207,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Stock Up 1.2 %

Shares of NASDAQ:KALU opened at $73.42 on Thursday. The business has a 50-day moving average price of $76.85 and a 200 day moving average price of $76.20. 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 company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 25.40 and a beta of 1.35. Kaiser Aluminum Co. has a 12-month low of $59.52 and a 12-month high of $102.42.

Kaiser Aluminum (NASDAQ:KALU) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.16). The firm 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 revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 earnings per share. Sell-side analysts expect that Kaiser Aluminum Co. will post 2.63 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 24th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date is Friday, January 24th. Kaiser Aluminum’s dividend payout ratio is presently 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.