Brightline Capital Management LLC Acquires 1,000 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

Brightline Capital Management LLC grew its holdings in Kaiser Aluminum Co. (NASDAQ:KALU) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 100,000 shares of the industrial products company’s stock after purchasing an additional 1,000 shares during the quarter. Kaiser Aluminum makes up 3.1% of Brightline Capital Management LLC’s portfolio, making the stock its 15th biggest position. Brightline Capital Management LLC owned 0.62% of Kaiser Aluminum worth $7,252,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. National Bank of Canada FI purchased a new stake in Kaiser Aluminum during the second quarter worth $32,000. Meeder Asset Management Inc. purchased a new stake in shares of Kaiser Aluminum during the 2nd quarter worth $63,000. nVerses Capital LLC bought a new stake in Kaiser Aluminum during the third quarter valued at about $65,000. CWM LLC raised its holdings in Kaiser Aluminum by 125.3% in the third quarter. CWM LLC now owns 1,282 shares of the industrial products company’s stock worth $93,000 after purchasing an additional 713 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Kaiser Aluminum during the second quarter valued at about $207,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Stock Up 2.0 %

Shares of NASDAQ KALU traded up $1.62 during trading hours on Wednesday, hitting $83.30. 109 shares of the stock were exchanged, compared to its average volume of 144,339. Kaiser Aluminum Co. has a 12 month low of $57.52 and a 12 month high of $102.42. The firm has a fifty day moving average price of $75.09 and a 200-day moving average price of $81.04. The company has a quick ratio of 1.36, a current ratio of 2.60 and a debt-to-equity ratio of 1.56. The company has a market cap of $1.34 billion, a PE ratio of 28.26 and a beta of 1.32.

Kaiser Aluminum (NASDAQ:KALU) last announced 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). Kaiser Aluminum had a return on equity of 6.92% and a net margin of 1.59%. The business had revenue of $748.00 million for the quarter, compared to analysts’ expectations of $793.30 million. During the same quarter last year, the firm earned $0.46 earnings per share. The firm’s quarterly revenue was up .5% compared to the same quarter last year. On average, sell-side analysts expect that Kaiser Aluminum Co. will post 2.63 EPS for the current year.

Kaiser Aluminum Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were given a dividend of $0.77 per share. The ex-dividend date was Friday, October 25th. This represents a $3.08 dividend on an annualized basis and a yield of 3.70%. Kaiser Aluminum’s dividend payout ratio is currently 106.57%.

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.