Barrow Hanley Mewhinney & Strauss LLC Boosts Stock Holdings in Kaiser Aluminum Co. (NASDAQ:KALU)

Barrow Hanley Mewhinney & Strauss LLC lifted its position in Kaiser Aluminum Co. (NASDAQ:KALU) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 826,985 shares of the industrial products company’s stock after purchasing an additional 8,830 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 5.15% of Kaiser Aluminum worth $72,692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. National Bank of Canada FI acquired a new position in shares of Kaiser Aluminum in the second quarter worth about $32,000. GAMMA Investing LLC raised its holdings in Kaiser Aluminum by 400.0% in the 1st quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 432 shares during the period. Meeder Asset Management Inc. purchased a new position in Kaiser Aluminum during the second quarter worth approximately $63,000. EntryPoint Capital LLC grew its holdings in Kaiser Aluminum by 79.7% in the first quarter. EntryPoint Capital LLC now owns 861 shares of the industrial products company’s stock valued at $77,000 after purchasing an additional 382 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Kaiser Aluminum by 941.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 906 shares of the industrial products company’s stock valued at $81,000 after buying an additional 819 shares in the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Benchmark increased their target price on Kaiser Aluminum from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, July 12th.

Kaiser Aluminum Trading Down 1.6 %

Shares of Kaiser Aluminum stock opened at $70.17 on Friday. The company has a current ratio of 2.55, a quick ratio of 1.42 and a debt-to-equity ratio of 1.57. Kaiser Aluminum Co. has a twelve month low of $53.67 and a twelve month high of $102.42. The firm has a market capitalization of $1.13 billion, a PE ratio of 20.40 and a beta of 1.33. The firm’s 50-day moving average price is $75.14 and its 200 day moving average price is $84.98.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.29). Kaiser Aluminum had a return on equity of 6.84% and a net margin of 1.37%. The firm had revenue of $773.40 million during the quarter, compared to analyst estimates of $773.89 million. During the same period in the prior year, the firm earned $1.26 earnings per share. The business’s revenue was down 5.0% on a year-over-year basis. On average, sell-side analysts predict that Kaiser Aluminum Co. will post 3.04 EPS for the current fiscal year.

Kaiser Aluminum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date was Thursday, July 25th. Kaiser Aluminum’s payout ratio is 89.53%.

Insider Activity

In other Kaiser Aluminum news, CEO Keith Harvey acquired 2,588 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was bought at an average price of $77.23 per share, with a total value of $199,871.24. Following the purchase, the chief executive officer now owns 103,550 shares in the company, valued at $7,997,166.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.50% of the company’s stock.

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.