Kaiser Aluminum Co. (NASDAQ:KALU) Stake Increased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its holdings in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 2.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 760,500 shares of the industrial products company’s stock after purchasing an additional 16,148 shares during the period. Dimensional Fund Advisors LP owned about 4.73% of Kaiser Aluminum worth $66,846,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Kaiser Aluminum by 0.3% during the first quarter. Vanguard Group Inc. now owns 1,894,114 shares of the industrial products company’s stock valued at $169,258,000 after purchasing an additional 6,363 shares during the last quarter. Tributary Capital Management LLC increased its stake 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 stake in Kaiser Aluminum by 358.0% during the second quarter. American Century Companies Inc. now owns 250,809 shares of the industrial products company’s stock valued at $22,046,000 after purchasing an additional 196,045 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Kaiser Aluminum by 10.3% during the first quarter. Russell Investments Group Ltd. now owns 226,171 shares of the industrial products company’s stock valued at $20,211,000 after purchasing an additional 21,192 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Kaiser Aluminum by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 206,505 shares of the industrial products company’s stock valued at $18,152,000 after purchasing an additional 3,039 shares during the last quarter. Institutional investors own 99.29% of the company’s stock.

Insider Buying and Selling

In related news, CEO Keith Harvey acquired 2,588 shares of Kaiser Aluminum stock in a transaction that occurred on Monday, July 29th. The stock was acquired at an average price of $77.23 per share, with a total value of $199,871.24. Following the completion of the acquisition, the chief executive officer now directly owns 103,550 shares of the company’s stock, valued at approximately $7,997,166.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Kaiser Aluminum Stock Performance

Shares of KALU opened at $73.18 on Friday. Kaiser Aluminum Co. has a 1 year low of $53.67 and a 1 year high of $102.42. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 21.27 and a beta of 1.33. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.42 and a current ratio of 2.55. The firm has a fifty day moving average of $72.68 and a 200-day moving average of $84.80.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.29). The company had revenue of $773.40 million during the quarter, compared to analyst estimates of $773.89 million. Kaiser Aluminum had a return on equity of 6.84% and a net margin of 1.37%. The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.26 EPS. As a group, equities analysts anticipate that Kaiser Aluminum Co. will post 3.04 earnings per share for the current year.

Kaiser Aluminum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, July 25th were issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend was Thursday, July 25th. Kaiser Aluminum’s payout ratio is currently 89.53%.

Wall Street Analyst Weigh In

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

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.