Barrow Hanley Mewhinney & Strauss LLC Decreases Holdings in Kaiser Aluminum Co. (NASDAQ:KALU)

Barrow Hanley Mewhinney & Strauss LLC lowered its stake in Kaiser Aluminum Co. (NASDAQ:KALU) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 786,255 shares of the industrial products company’s stock after selling 36,325 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 4.89% of Kaiser Aluminum worth $55,250,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Point72 DIFC Ltd purchased a new position in shares of Kaiser Aluminum in the 3rd quarter worth approximately $41,000. AlphaQuest LLC increased its position in Kaiser Aluminum by 497.2% during the fourth quarter. AlphaQuest LLC now owns 651 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 542 shares during the last quarter. Jones Financial Companies Lllp bought a new position in Kaiser Aluminum during the fourth quarter valued at $52,000. KBC Group NV lifted its holdings in shares of Kaiser Aluminum by 93.0% in the 4th quarter. KBC Group NV now owns 851 shares of the industrial products company’s stock worth $60,000 after acquiring an additional 410 shares during the last quarter. Finally, Millburn Ridgefield Corp purchased a new position in shares of Kaiser Aluminum during the 3rd quarter worth about $169,000. 99.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Kaiser Aluminum from a “sell” rating to a “hold” rating in a research note on Sunday, March 23rd.

Kaiser Aluminum Stock Down 4.3 %

NASDAQ:KALU opened at $62.09 on Friday. The company has a market cap of $999.65 million, a price-to-earnings ratio of 21.63 and a beta of 1.37. Kaiser Aluminum Co. has a twelve month low of $61.62 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 stock has a fifty day simple moving average of $69.93 and a 200-day simple moving average of $72.99.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.30). Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. The company had revenue of $765.40 million for the quarter, compared to the consensus estimate of $752.00 million. During the same quarter in the previous year, the business earned $0.60 EPS. Analysts anticipate that Kaiser Aluminum Co. will post 5.14 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 24th were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date of this dividend was Friday, January 24th. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 107.32%.

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.