Barrow Hanley Mewhinney & Strauss LLC cut its position in shares of Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 4.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 786,255 shares of the industrial products company's stock after selling 36,325 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 4.89% of Kaiser Aluminum worth $55,250,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. State Street Corp increased its position in Kaiser Aluminum by 2.2% during the 3rd quarter. State Street Corp now owns 960,742 shares of the industrial products company's stock worth $69,673,000 after purchasing an additional 20,979 shares in the last quarter. American Century Companies Inc. increased its position in shares of Kaiser Aluminum by 12.6% in the fourth quarter. American Century Companies Inc. now owns 447,723 shares of the industrial products company's stock worth $31,461,000 after acquiring an additional 49,948 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Kaiser Aluminum by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 376,745 shares of the industrial products company's stock valued at $27,326,000 after acquiring an additional 4,388 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Kaiser Aluminum by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 298,318 shares of the industrial products company's stock valued at $20,963,000 after acquiring an additional 3,816 shares in the last quarter. Finally, Tributary Capital Management LLC boosted its position in Kaiser Aluminum by 9.3% during the 4th quarter. Tributary Capital Management LLC now owns 269,315 shares of the industrial products company's stock worth $18,925,000 after purchasing an additional 22,839 shares during the period. 99.29% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised Kaiser Aluminum from a "sell" rating to a "hold" rating in a research report on Sunday, March 23rd.
Read Our Latest Analysis on Kaiser Aluminum
Kaiser Aluminum Stock Down 2.4 %
NASDAQ:KALU traded down $1.47 during trading hours on Monday, hitting $60.62. The stock had a trading volume of 186,007 shares, compared to its average volume of 133,384. The company has a market cap of $975.98 million, a PE ratio of 21.12 and a beta of 1.37. The business has a 50 day simple moving average of $69.67 and a two-hundred day simple moving average of $72.97. Kaiser Aluminum Co. has a 1-year low of $58.97 and a 1-year high of $102.42. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56.
Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.63 by ($0.30). Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. The firm had revenue of $765.40 million for the quarter, compared to analyst estimates of $752.00 million. During the same period in the previous year, the business posted $0.60 earnings per share. Analysts predict that Kaiser Aluminum Co. will post 5.14 EPS for the current year.
Kaiser Aluminum Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 24th were paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 5.08%. The ex-dividend date was Friday, January 24th. Kaiser Aluminum's dividend payout ratio (DPR) is 107.32%.
Kaiser Aluminum Profile
(
Free Report)
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.
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