Barrow Hanley Mewhinney & Strauss LLC Has $55.25 Million Stock Holdings in Kaiser Aluminum Co. (NASDAQ:KALU)

Barrow Hanley Mewhinney & Strauss LLC lessened its stake in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 786,255 shares of the industrial products company's stock after selling 36,325 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 4.89% of Kaiser Aluminum worth $55,250,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Barclays PLC grew its stake in shares of Kaiser Aluminum by 101.3% during the third quarter. Barclays PLC now owns 27,454 shares of the industrial products company's stock valued at $1,991,000 after acquiring an additional 13,813 shares in the last quarter. Tributary Capital Management LLC increased its holdings in 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 worth $18,925,000 after purchasing an additional 22,839 shares during the last quarter. KBC Group NV increased its holdings in Kaiser Aluminum by 93.0% during the 4th quarter. KBC Group NV now owns 851 shares of the industrial products company's stock worth $60,000 after purchasing an additional 410 shares during the last quarter. Leisure Capital Management acquired a new position in shares of Kaiser Aluminum in the 4th quarter valued at approximately $697,000. Finally, Empowered Funds LLC purchased a new position in shares of Kaiser Aluminum during the 4th quarter valued at approximately $3,878,000. Institutional investors and hedge funds own 99.29% of the company's stock.

Kaiser Aluminum Stock Performance

KALU traded down $0.42 during trading on Wednesday, reaching $72.59. 23,008 shares of the company were exchanged, compared to its average volume of 138,226. Kaiser Aluminum Co. has a 52 week low of $46.81 and a 52 week high of $100.49. 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 firm has a 50 day moving average of $62.67 and a 200 day moving average of $69.78. The stock has a market cap of $1.17 billion, a P/E ratio of 25.27 and a beta of 1.40.

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

Kaiser Aluminum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Friday, April 25th were paid a dividend of $0.77 per share. The ex-dividend date was Friday, April 25th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.24%. Kaiser Aluminum's dividend payout ratio is presently 115.36%.

Analysts Set New Price Targets

KALU has been the subject of a number of research analyst reports. Benchmark dropped their price target on shares of Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Wolfe Research raised shares of Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a report on Friday, April 11th. JPMorgan Chase & Co. boosted their target price on shares of Kaiser Aluminum from $62.00 to $64.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. Finally, Wall Street Zen cut shares of Kaiser Aluminum from a "buy" rating to a "hold" rating in a research report on Saturday.

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.