Kaiser Aluminum (NASDAQ:KALU) Stock Rating Lowered by Wall Street Zen

Wall Street Zen downgraded shares of Kaiser Aluminum (NASDAQ:KALU - Free Report) from a buy rating to a hold rating in a research report report published on Saturday morning.

KALU has been the subject of several other reports. Wolfe Research raised shares of Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a report on Friday, April 11th. JPMorgan Chase & Co. lifted their price target on Kaiser Aluminum from $62.00 to $64.00 and gave the stock a "neutral" rating in a research note on Monday, April 28th. Finally, Benchmark lowered their price objective on Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating for the company in a report on Monday, April 21st.

Kaiser Aluminum Stock Up 0.1%

KALU traded up $0.06 on Friday, reaching $69.85. The company's stock had a trading volume of 104,099 shares, compared to its average volume of 138,861. Kaiser Aluminum has a 1 year low of $46.81 and a 1 year high of $100.49. The business's 50 day moving average is $62.61 and its 200 day moving average is $69.86. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.44 and a quick ratio of 1.36. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 24.34 and a beta of 1.40.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last released its earnings results on Wednesday, April 23rd. The industrial products company reported $1.44 EPS for the quarter, beating the consensus estimate of $0.53 by $0.91. Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. The company had revenue of $777.40 million during the quarter, compared to analysts' expectations of $788.00 million. During the same period in the prior year, the business posted $1.02 EPS. The business's revenue was up 5.3% on a year-over-year basis. As a group, research analysts forecast that Kaiser Aluminum will post 5.14 EPS for the current fiscal year.

Kaiser Aluminum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Friday, April 25th were paid a dividend of $0.77 per share. The ex-dividend date was Friday, April 25th. This represents a $3.08 annualized dividend and a yield of 4.41%. Kaiser Aluminum's payout ratio is 115.36%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. AlphaQuest LLC raised its stake in Kaiser Aluminum by 497.2% during the fourth quarter. AlphaQuest LLC now owns 651 shares of the industrial products company's stock worth $46,000 after acquiring an additional 542 shares during the period. Jones Financial Companies Lllp bought a new position in shares of Kaiser Aluminum during the fourth quarter valued at approximately $52,000. KBC Group NV raised its position in shares of Kaiser Aluminum by 93.0% during the 4th quarter. KBC Group NV now owns 851 shares of the industrial products company's stock worth $60,000 after purchasing an additional 410 shares during the period. Aquatic Capital Management LLC lifted its holdings in shares of Kaiser Aluminum by 87.1% in the 4th quarter. Aquatic Capital Management LLC now owns 1,684 shares of the industrial products company's stock worth $118,000 after purchasing an additional 784 shares during the last quarter. Finally, McIlrath & Eck LLC acquired a new position in Kaiser Aluminum during the 4th quarter valued at approximately $121,000. 99.29% of the stock is owned by institutional investors and hedge funds.

About Kaiser Aluminum

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.