Kaiser Aluminum Co. (NASDAQ:KALU - Get Free Report)'s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $61.84 and last traded at $64.46, with a volume of 186196 shares. The stock had previously closed at $64.66.
Wall Street Analyst Weigh In
KALU has been the topic of several research reports. Benchmark decreased their target price on Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. Wolfe Research raised shares of Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research note on Friday, April 11th. StockNews.com upgraded shares of Kaiser Aluminum from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Finally, JPMorgan Chase & Co. boosted their price target 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.
Get Our Latest Stock Report on KALU
Kaiser Aluminum Stock Performance
The firm has a fifty day moving average price of $62.27 and a 200 day moving average price of $70.38. 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 market cap of $1.12 billion, a PE ratio of 24.10 and a beta of 1.40.
Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.91. Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. The firm had revenue of $777.40 million during the quarter, compared to analysts' expectations of $788.00 million. During the same period last year, the business earned $1.02 earnings per share. Kaiser Aluminum's revenue was up 5.3% compared to the same quarter last year. As a group, equities research analysts expect that Kaiser Aluminum Co. will post 5.14 earnings per share for the current fiscal year.
Kaiser Aluminum Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors 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 4.45%. The ex-dividend date is Friday, April 25th. Kaiser Aluminum's dividend payout ratio is presently 115.36%.
Institutional Investors Weigh In On Kaiser Aluminum
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stephens Inc. AR grew 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 worth $3,143,000 after purchasing an additional 7,016 shares during the period. Principal Financial Group Inc. lifted its position in Kaiser Aluminum by 2.3% in the first 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 last quarter. Teacher Retirement System of Texas purchased a new position in Kaiser Aluminum during the first quarter worth about $369,000. Avidian Wealth Enterprises LLC increased its position in shares of Kaiser Aluminum by 15.8% during the first quarter. Avidian Wealth Enterprises LLC now owns 4,118 shares of the industrial products company's stock valued at $250,000 after acquiring an additional 561 shares during the last quarter. Finally, QRG Capital Management Inc. raised its stake in shares of Kaiser Aluminum by 16.8% in the 1st quarter. QRG Capital Management Inc. now owns 4,189 shares of the industrial products company's stock valued at $254,000 after acquiring an additional 601 shares during the period. Institutional investors and hedge funds own 99.29% of the company's stock.
Kaiser Aluminum Company Profile
(
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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.
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