Kaiser Aluminum Co. (NASDAQ:KALU) Short Interest Update

Kaiser Aluminum Co. (NASDAQ:KALU) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 474,700 shares, an increase of 5.7% from the October 15th total of 449,100 shares. Based on an average daily volume of 141,700 shares, the short-interest ratio is currently 3.4 days. Approximately 3.0% of the shares of the company are short sold.

Kaiser Aluminum Trading Down 0.7 %

Kaiser Aluminum stock opened at $80.10 on Tuesday. The firm has a 50 day simple moving average of $73.79 and a 200-day simple moving average of $81.59. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.60 and a quick ratio of 1.36. The stock has a market capitalization of $1.29 billion, a PE ratio of 27.72 and a beta of 1.32. Kaiser Aluminum has a 12-month low of $57.52 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 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.16). The business had revenue of $748.00 million for 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 firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the prior year, the company earned $0.46 earnings per share. As a group, equities research analysts expect that Kaiser Aluminum will post 2.63 EPS for the current fiscal year.

Kaiser Aluminum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 25th were paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $3.08 annualized dividend and a dividend yield of 3.85%. Kaiser Aluminum’s dividend payout ratio (DPR) is 106.57%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. American Century Companies Inc. boosted its holdings in Kaiser Aluminum by 358.0% in 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 purchasing an additional 196,045 shares during the period. Bank of Montreal Can increased its position in Kaiser Aluminum by 368.0% in 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 acquiring an additional 51,802 shares in the last quarter. Riggs Asset Managment Co. Inc. increased its position in Kaiser Aluminum by 532,185.7% in 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 acquiring an additional 37,253 shares in the last quarter. ClariVest Asset Management LLC bought a new stake in shares of Kaiser Aluminum during the second quarter worth approximately $2,999,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Kaiser Aluminum by 3,349.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 31,254 shares of the industrial products company’s stock worth $2,747,000 after buying an additional 30,348 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

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.