Kaiser Aluminum Co. (NASDAQ:KALU) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in Kaiser Aluminum Co. (NASDAQ:KALU) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 298,318 shares of the industrial products company’s stock after acquiring an additional 3,816 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.85% of Kaiser Aluminum worth $20,963,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in shares of Kaiser Aluminum by 2.2% during the third 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. Geode Capital Management LLC lifted its stake 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 worth $27,326,000 after purchasing an additional 4,388 shares in the last quarter. Tributary Capital Management LLC lifted its stake in shares of Kaiser Aluminum by 9.3% during the fourth 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 in the last quarter. Systematic Financial Management LP lifted its stake in shares of Kaiser Aluminum by 12.2% during the third quarter. Systematic Financial Management LP now owns 234,917 shares of the industrial products company’s stock worth $17,036,000 after purchasing an additional 25,494 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Kaiser Aluminum by 1.5% during the third quarter. Wellington Management Group LLP now owns 212,153 shares of the industrial products company’s stock worth $15,385,000 after purchasing an additional 3,061 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Kaiser Aluminum Trading Up 0.3 %

NASDAQ:KALU opened at $70.42 on Thursday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.44. Kaiser Aluminum Co. has a one year low of $63.44 and a one year high of $102.42. The business’s 50-day simple moving average is $70.83 and its 200 day simple moving average is $73.16. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 24.54 and a beta of 1.37.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.30). Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. The business had revenue of $765.40 million during the quarter, compared to analyst estimates of $752.00 million. During the same quarter last year, the firm posted $0.60 EPS. As a group, sell-side analysts predict that Kaiser Aluminum Co. will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

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 4.37%. The ex-dividend date of this dividend was Friday, January 24th. Kaiser Aluminum’s dividend payout ratio (DPR) is 107.32%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Kaiser Aluminum from a “hold” rating to a “sell” rating in a research note on Saturday, March 15th.

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.