Charles Schwab Investment Management Inc. Grows Position in Kaiser Aluminum Corporation $KALU

Charles Schwab Investment Management Inc. raised its position in Kaiser Aluminum Corporation (NASDAQ:KALU) by 0.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 299,274 shares of the industrial products company’s stock after purchasing an additional 956 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.85% of Kaiser Aluminum worth $18,142,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Leisure Capital Management raised its holdings in shares of Kaiser Aluminum by 32.6% in the 1st quarter. Leisure Capital Management now owns 13,142 shares of the industrial products company’s stock worth $797,000 after purchasing an additional 3,230 shares during the period. Cetera Investment Advisers raised its holdings in shares of Kaiser Aluminum by 7.3% in the 1st quarter. Cetera Investment Advisers now owns 4,217 shares of the industrial products company’s stock worth $256,000 after purchasing an additional 287 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Kaiser Aluminum in the 1st quarter worth about $1,598,000. Stephens Inc. AR raised its holdings in shares of Kaiser Aluminum by 15.7% during the 1st quarter. Stephens Inc. AR now owns 51,846 shares of the industrial products company’s stock valued at $3,143,000 after buying an additional 7,016 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Kaiser Aluminum by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 89,754 shares of the industrial products company’s stock valued at $5,441,000 after buying an additional 1,984 shares during the period. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Kaiser Aluminum Price Performance

KALU stock opened at $79.57 on Friday. The company has a quick ratio of 1.30, a current ratio of 2.70 and a debt-to-equity ratio of 1.39. Kaiser Aluminum Corporation has a 52-week low of $46.81 and a 52-week high of $97.00. The stock’s 50 day moving average is $80.51 and its two-hundred day moving average is $71.74. The company has a market capitalization of $1.29 billion, a PE ratio of 20.46 and a beta of 1.51.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.72. Kaiser Aluminum had a return on equity of 8.03% and a net margin of 2.05%.The company had revenue of $823.10 million for the quarter, compared to the consensus estimate of $786.70 million. Analysts predict that Kaiser Aluminum Corporation will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 25th were issued a dividend of $0.77 per share. The ex-dividend date was Friday, July 25th. This represents a $3.08 annualized dividend and a yield of 3.9%. Kaiser Aluminum’s payout ratio is currently 79.18%.

Analysts Set New Price Targets

Several equities research analysts recently commented on KALU shares. Wall Street Zen upgraded Kaiser Aluminum from a “hold” rating to a “buy” rating in a report on Sunday, August 17th. JPMorgan Chase & Co. boosted their target price on shares of Kaiser Aluminum from $64.00 to $82.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $78.00.

Kaiser Aluminum 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.