Charles Schwab Investment Management Inc. Buys 7,644 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

Charles Schwab Investment Management Inc. lifted its position in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 2.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 294,502 shares of the industrial products company's stock after purchasing an additional 7,644 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.83% of Kaiser Aluminum worth $21,357,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC raised its holdings 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 acquiring an additional 8,830 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Kaiser Aluminum by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 760,500 shares of the industrial products company's stock valued at $66,846,000 after purchasing an additional 16,148 shares in the last quarter. Tributary Capital Management LLC lifted its position in Kaiser Aluminum by 0.3% during the second quarter. Tributary Capital Management LLC now owns 271,976 shares of the industrial products company's stock valued at $23,907,000 after purchasing an additional 856 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of 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 worth $22,046,000 after buying an additional 196,045 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Kaiser Aluminum by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 206,505 shares of the industrial products company's stock worth $18,152,000 after buying an additional 3,039 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company's stock.

Kaiser Aluminum Price Performance

Shares of NASDAQ KALU traded down $1.11 during mid-day trading on Friday, reaching $80.50. 56,801 shares of the company were exchanged, compared to its average volume of 90,520. Kaiser Aluminum Co. has a 52 week low of $58.20 and a 52 week high of $102.42. The company's 50 day moving average price is $77.03 and its 200 day moving average price is $80.03. The stock has a market capitalization of $1.30 billion, a PE ratio of 27.85 and a beta of 1.33. The company has a quick ratio of 1.36, a current ratio of 2.60 and a debt-to-equity ratio of 1.56.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.16). The firm had revenue of $748.00 million during the quarter, compared to analysts' expectations of $793.30 million. Kaiser Aluminum had a return on equity of 6.92% and a net margin of 1.59%. Kaiser Aluminum's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 earnings per share. Sell-side analysts forecast that Kaiser Aluminum Co. will post 2.63 earnings per share for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend was Friday, October 25th. Kaiser Aluminum's dividend payout ratio (DPR) 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.