Barrow Hanley Mewhinney & Strauss LLC Sells 99,987 Shares of Kaiser Aluminum Corporation $KALU

Barrow Hanley Mewhinney & Strauss LLC lessened its stake in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 11.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 772,804 shares of the industrial products company’s stock after selling 99,987 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 4.77% of Kaiser Aluminum worth $59,630,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Horizon Corp acquired a new stake in Kaiser Aluminum in the third quarter valued at about $27,000. Hantz Financial Services Inc. lifted its stake in Kaiser Aluminum by 340.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 374 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 289 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Kaiser Aluminum by 475.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 342 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Kaiser Aluminum during the 2nd quarter valued at $44,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Kaiser Aluminum by 130.9% during the second quarter. Tower Research Capital LLC TRC now owns 605 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 343 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Analyst Ratings Changes

KALU has been the subject of several analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kaiser Aluminum in a research note on Monday, December 29th. Wells Fargo & Company lifted their price objective on Kaiser Aluminum from $120.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. Wall Street Zen lowered shares of Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 21st. JPMorgan Chase & Co. increased their price target on Kaiser Aluminum from $118.00 to $124.00 and gave the stock a “neutral” rating in a report on Monday, February 23rd. Finally, Zacks Research raised Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.67.

Kaiser Aluminum Stock Up 1.2%

Shares of NASDAQ KALU opened at $125.09 on Wednesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.95 and a quick ratio of 1.26. The stock has a market capitalization of $2.03 billion, a PE ratio of 18.45 and a beta of 1.37. Kaiser Aluminum Corporation has a one year low of $46.81 and a one year high of $150.00. The business’s fifty day moving average price is $129.49 and its 200-day moving average price is $103.78.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.03). Kaiser Aluminum had a net margin of 3.34% and a return on equity of 12.69%. The company had revenue of $929.00 million during the quarter, compared to analysts’ expectations of $902.00 million. During the same quarter last year, the firm posted $0.33 earnings per share. Kaiser Aluminum’s revenue for the quarter was up 21.4% compared to the same quarter last year. On average, equities research analysts anticipate that Kaiser Aluminum Corporation will post 5.14 EPS for the current year.

Kaiser Aluminum Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 23rd were issued a $0.77 dividend. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $3.08 annualized dividend and a dividend yield of 2.5%. Kaiser Aluminum’s dividend payout ratio is presently 45.43%.

Insider Activity

In related news, CFO Neal E. West sold 5,000 shares of Kaiser Aluminum stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $121.72, for a total transaction of $608,600.00. Following the completion of the sale, the chief financial officer owned 12,775 shares of the company’s stock, valued at approximately $1,554,973. This trade represents a 28.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.40% of the company’s stock.

Kaiser Aluminum Profile

Kaiser Aluminum Corporation is a U.S.-based producer of semi‐fabricated aluminum products, serving a diverse range of industrial and specialty markets. The company’s offerings include extruded, rolled, and forged aluminum products designed to meet stringent performance requirements in sectors such as aerospace, automotive, defense, electronics, and general engineering. By focusing on high‐value applications, Kaiser Aluminum aims to deliver lightweight, durable solutions that contribute to efficiency and innovation across its customer base.

Operationally, Kaiser Aluminum maintains a network of smelters, extrusion plants, and rolling mills located primarily in North America.