Kaiser Aluminum Co. (NASDAQ:KALU) Stake Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 1.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 298,318 shares of the industrial products company's stock after buying an additional 3,816 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.85% of Kaiser Aluminum worth $20,963,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC bought a new stake in Kaiser Aluminum in the fourth quarter valued at $3,878,000. Barclays PLC increased its holdings in shares of Kaiser Aluminum by 101.3% during the third quarter. Barclays PLC now owns 27,454 shares of the industrial products company's stock valued at $1,991,000 after purchasing an additional 13,813 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Kaiser Aluminum by 6.7% during the third quarter. Principal Financial Group Inc. now owns 84,370 shares of the industrial products company's stock valued at $6,119,000 after purchasing an additional 5,287 shares during the period. Leisure Capital Management acquired a new position in shares of Kaiser Aluminum during the fourth quarter valued at $697,000. Finally, Geode Capital Management LLC increased its holdings in shares of Kaiser Aluminum by 1.2% during the third quarter. Geode Capital Management LLC now owns 376,745 shares of the industrial products company's stock valued at $27,326,000 after purchasing an additional 4,388 shares during the period. 99.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Kaiser Aluminum from a "sell" rating to a "hold" rating in a report on Sunday.

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Kaiser Aluminum Price Performance

NASDAQ:KALU traded down $2.86 during mid-day trading on Friday, reaching $66.28. 287,142 shares of the stock were exchanged, compared to its average volume of 128,458. The business has a fifty day moving average price of $70.72 and a 200 day moving average price of $73.09. The firm has a market capitalization of $1.07 billion, a PE ratio of 23.09 and a beta of 1.37. Kaiser Aluminum Co. has a 1-year low of $63.44 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 earnings results on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.63 by ($0.30). The firm had revenue of $765.40 million for the quarter, compared to analyst estimates of $752.00 million. Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. During the same period in the previous year, the firm earned $0.60 earnings per share. Research analysts expect that Kaiser Aluminum Co. will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The business 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. The ex-dividend date of this dividend was Friday, January 24th. This represents a $3.08 dividend on an annualized basis and a yield of 4.65%. Kaiser Aluminum's dividend payout ratio is currently 107.32%.

Kaiser Aluminum 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.