Wall Street Zen upgraded shares of Kaiser Aluminum (NASDAQ:KALU - Free Report) from a hold rating to a buy rating in a research note released on Saturday morning.
Other equities research analysts have also recently issued reports about the stock. Benchmark dropped 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 report on Monday, April 21st. Wolfe Research upgraded shares of Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Kaiser Aluminum from $62.00 to $64.00 and gave the company a "neutral" rating in a research report on Monday, April 28th.
Get Our Latest Stock Report on KALU
Kaiser Aluminum Price Performance
Shares of NASDAQ:KALU traded down $1.57 during midday trading on Friday, hitting $76.27. The company's stock had a trading volume of 89,854 shares, compared to its average volume of 137,373. The business's 50 day simple moving average is $67.02 and its 200 day simple moving average is $69.40. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.44. The company has a market cap of $1.23 billion, a P/E ratio of 26.57 and a beta of 1.43. Kaiser Aluminum has a 12-month low of $46.81 and a 12-month high of $100.07.
Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The industrial products company reported $1.44 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.91. Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. The company had revenue of $777.40 million for the quarter, compared to the consensus estimate of $788.00 million. During the same period in the previous year, the firm earned $1.02 earnings per share. Kaiser Aluminum's quarterly revenue was up 5.3% compared to the same quarter last year. On average, analysts forecast that Kaiser Aluminum will post 5.14 EPS for the current year.
Kaiser Aluminum Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Friday, April 25th were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date was Friday, April 25th. Kaiser Aluminum's dividend payout ratio (DPR) is currently 115.36%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Ellsworth Advisors LLC grew its holdings in shares of Kaiser Aluminum by 25.4% in the first quarter. Ellsworth Advisors LLC now owns 11,235 shares of the industrial products company's stock valued at $681,000 after purchasing an additional 2,275 shares in the last quarter. Intech Investment Management LLC grew its holdings in Kaiser Aluminum by 7.5% during the 1st quarter. Intech Investment Management LLC now owns 69,927 shares of the industrial products company's stock worth $4,239,000 after acquiring an additional 4,907 shares in the last quarter. Jane Street Group LLC grew its holdings in Kaiser Aluminum by 323.6% during the 1st quarter. Jane Street Group LLC now owns 55,190 shares of the industrial products company's stock worth $3,346,000 after acquiring an additional 42,160 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Kaiser Aluminum by 2.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,971 shares of the industrial products company's stock worth $2,544,000 after acquiring an additional 1,084 shares in the last quarter. Finally, McIlrath & Eck LLC grew its holdings in Kaiser Aluminum by 50.6% during the 1st quarter. McIlrath & Eck LLC now owns 2,598 shares of the industrial products company's stock worth $157,000 after acquiring an additional 873 shares in the last quarter. 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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