65,194 Shares in Kaiser Aluminum Co. (NASDAQ:KALU) Bought by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC bought a new stake in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 65,194 shares of the industrial products company's stock, valued at approximately $4,581,000. Bridgeway Capital Management LLC owned about 0.41% of Kaiser Aluminum at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in shares of Kaiser Aluminum by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 790,046 shares of the industrial products company's stock worth $55,517,000 after buying an additional 14,296 shares during the last quarter. American Century Companies Inc. grew its holdings in Kaiser Aluminum by 12.6% in the fourth quarter. American Century Companies Inc. now owns 447,723 shares of the industrial products company's stock worth $31,461,000 after purchasing an additional 49,948 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Kaiser Aluminum by 103.6% during the fourth quarter. Wellington Management Group LLP now owns 431,980 shares of the industrial products company's stock worth $30,355,000 after purchasing an additional 219,827 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Kaiser Aluminum by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 298,318 shares of the industrial products company's stock valued at $20,963,000 after purchasing an additional 3,816 shares during the last quarter. Finally, Tributary Capital Management LLC boosted its position in shares of Kaiser Aluminum by 9.3% in the 4th 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. 99.29% of the stock is currently owned by institutional investors.

Kaiser Aluminum Price Performance

Shares of NASDAQ:KALU opened at $66.58 on Thursday. Kaiser Aluminum Co. has a twelve month low of $46.81 and a twelve month 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. The company has a market cap of $1.08 billion, a PE ratio of 23.20 and a beta of 1.40. The company's 50 day moving average is $62.08 and its 200 day moving average is $70.28.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.91. Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. The firm had revenue of $777.40 million during the quarter, compared to analysts' expectations of $788.00 million. During the same quarter last year, the company posted $1.02 earnings per share. The firm's revenue was up 5.3% compared to the same quarter last year. On average, sell-side analysts forecast that Kaiser Aluminum Co. will post 5.14 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Friday, April 25th will be paid a $0.77 dividend. The ex-dividend date is Friday, April 25th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.63%. Kaiser Aluminum's payout ratio is 115.36%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wolfe Research upgraded Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research note on Friday, April 11th. Benchmark decreased their price objective on shares of Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating for the company in a research report on Monday, April 21st. StockNews.com raised shares of Kaiser Aluminum from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Finally, JPMorgan Chase & Co. raised their price target on shares of Kaiser Aluminum from $62.00 to $64.00 and gave the stock a "neutral" rating in a report on Monday, April 28th.

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.

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