Kaiser Aluminum (NASDAQ:KALU) Hits New 1-Year Low - What's Next?

Kaiser Aluminum Co. (NASDAQ:KALU - Get Free Report) hit a new 52-week low during mid-day 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.

Analyst Ratings Changes

KALU has been the topic of several recent analyst reports. Wolfe Research upgraded Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research note on Friday, April 11th. JPMorgan Chase & Co. increased their price objective on Kaiser Aluminum from $62.00 to $64.00 and gave the company a "neutral" rating in a research report on Monday, April 28th. StockNews.com upgraded shares of Kaiser Aluminum from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Finally, Benchmark reduced 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.

Kaiser Aluminum Stock Performance

The business has a fifty day simple moving average of $62.23 and a two-hundred day simple moving average of $70.32. The company has a market cap of $1.10 billion, a P/E ratio of 23.72 and a beta of 1.40. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 1.56.

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

Kaiser Aluminum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 25th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date is Friday, April 25th. Kaiser Aluminum's payout ratio is 115.36%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Empowered Funds LLC bought a new position in Kaiser Aluminum during the fourth quarter valued at $3,878,000. American Century Companies Inc. increased its stake in Kaiser Aluminum by 12.6% during the fourth quarter. American Century Companies Inc. now owns 447,723 shares of the industrial products company's stock worth $31,461,000 after acquiring an additional 49,948 shares during the last quarter. Wellington Management Group LLP raised its position in Kaiser Aluminum by 103.6% during the fourth quarter. Wellington Management Group LLP now owns 431,980 shares of the industrial products company's stock valued at $30,355,000 after purchasing an additional 219,827 shares during the period. Barclays PLC lifted its stake in shares of Kaiser Aluminum by 101.3% in the 3rd quarter. Barclays PLC now owns 27,454 shares of the industrial products company's stock valued at $1,991,000 after purchasing an additional 13,813 shares during the last quarter. Finally, Amundi boosted its holdings in shares of Kaiser Aluminum by 196.0% in the 4th quarter. Amundi now owns 8,934 shares of the industrial products company's stock worth $629,000 after purchasing an additional 5,916 shares during the period. 99.29% of the stock is owned by hedge funds and other institutional investors.

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.