Dimensional Fund Advisors LP Acquires 14,296 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

Dimensional Fund Advisors LP raised its position in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 790,046 shares of the industrial products company's stock after purchasing an additional 14,296 shares during the period. Dimensional Fund Advisors LP owned approximately 4.91% of Kaiser Aluminum worth $55,517,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of KALU. American Century Companies Inc. increased its position in shares of Kaiser Aluminum by 12.6% in the 4th quarter. American Century Companies Inc. now owns 447,723 shares of the industrial products company's stock valued at $31,461,000 after buying an additional 49,948 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Kaiser Aluminum by 103.6% in the fourth quarter. Wellington Management Group LLP now owns 431,980 shares of the industrial products company's stock worth $30,355,000 after acquiring an additional 219,827 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Kaiser Aluminum by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 298,318 shares of the industrial products company's stock worth $20,963,000 after purchasing an additional 3,816 shares during the period. Tributary Capital Management LLC lifted its holdings in shares of Kaiser Aluminum by 9.3% during the 4th quarter. Tributary Capital Management LLC now owns 269,315 shares of the industrial products company's stock valued at $18,925,000 after purchasing an additional 22,839 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Kaiser Aluminum by 4.0% in the 4th quarter. Principal Financial Group Inc. now owns 87,770 shares of the industrial products company's stock valued at $6,168,000 after purchasing an additional 3,400 shares during the period. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Kaiser Aluminum Stock Up 2.1 %

Shares of NASDAQ:KALU traded up $1.42 during midday trading on Thursday, reaching $67.95. The company had a trading volume of 22,248 shares, compared to its average volume of 138,452. Kaiser Aluminum Co. has a 1-year low of $46.81 and a 1-year high of $102.42. The stock has a market cap of $1.10 billion, a PE ratio of 23.68 and a beta of 1.40. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 1.56. The business's 50 day moving average price is $62.08 and its 200 day moving average price is $70.28.

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

Kaiser Aluminum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 25th will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date of this dividend is Friday, April 25th. Kaiser Aluminum's dividend payout ratio is 115.36%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on KALU shares. Wolfe Research upgraded Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a report on Friday, April 11th. StockNews.com raised Kaiser Aluminum from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Benchmark cut their target price on Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. 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 research note on Monday, April 28th.

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.