Charles Schwab Investment Management Inc. Has $21.36 Million Stock Holdings in Kaiser Aluminum Co. (NASDAQ:KALU)

Charles Schwab Investment Management Inc. grew its stake in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 2.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 294,502 shares of the industrial products company’s stock after buying an additional 7,644 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Kaiser Aluminum were worth $21,357,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Kaiser Aluminum by 1.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 826,985 shares of the industrial products company’s stock worth $72,692,000 after acquiring an additional 8,830 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Kaiser Aluminum by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 760,500 shares of the industrial products company’s stock worth $66,846,000 after purchasing an additional 16,148 shares in the last quarter. Tributary Capital Management LLC raised its stake in shares of Kaiser Aluminum by 0.3% in the second quarter. Tributary Capital Management LLC now owns 271,976 shares of the industrial products company’s stock worth $23,907,000 after purchasing an additional 856 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Kaiser Aluminum by 358.0% in 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 in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of 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 buying an additional 3,039 shares during the last quarter. Institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Price Performance

Shares of NASDAQ:KALU opened at $80.50 on Friday. The company has a current ratio of 2.60, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. The stock has a market cap of $1.30 billion, a PE ratio of 27.85 and a beta of 1.33. The stock’s fifty day simple moving average is $77.03 and its two-hundred day simple moving average is $80.17. Kaiser Aluminum Co. has a 1-year low of $58.20 and a 1-year high of $102.42.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.16). Kaiser Aluminum had a net margin of 1.59% and a return on equity of 6.92%. The firm had revenue of $748.00 million for the quarter, compared to the consensus estimate of $793.30 million. During the same period in the previous year, the business earned $0.46 earnings per share. The firm’s revenue for the quarter was up .5% on a year-over-year basis. As a group, analysts forecast that Kaiser Aluminum Co. will post 2.63 EPS for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 25th were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend was Friday, October 25th. Kaiser Aluminum’s payout ratio is 106.57%.

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.