Kaiser Aluminum Corporation (NASDAQ:KALU - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $68.96 and traded as high as $76.58. Kaiser Aluminum shares last traded at $76.57, with a volume of 116,821 shares changing hands.
Analyst Ratings Changes
Several research firms have commented on KALU. JPMorgan Chase & Co. upped their price objective on Kaiser Aluminum from $62.00 to $64.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. Wolfe Research upgraded Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a report on Friday, April 11th. Wall Street Zen upgraded Kaiser Aluminum from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Finally, Benchmark reduced their price target on Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating on the stock in a report on Monday, April 21st.
Check Out Our Latest Stock Report on Kaiser Aluminum
Kaiser Aluminum Stock Performance
The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 28.68 and a beta of 1.43. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.27 and a current ratio of 2.67. The firm has a 50-day simple moving average of $69.66 and a two-hundred day simple moving average of $68.96.
Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $777.40 million during the quarter, compared to the consensus estimate of $788.00 million. Kaiser Aluminum had a return on equity of 7.02% and a net margin of 1.43%. The business's revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.02 earnings per share. On average, sell-side analysts anticipate that Kaiser Aluminum Corporation will post 5.14 EPS for the current fiscal year.
Kaiser Aluminum Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Friday, April 25th were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend was Friday, April 25th. Kaiser Aluminum's dividend payout ratio is currently 115.36%.
Institutional Investors Weigh In On Kaiser Aluminum
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. raised its position in Kaiser Aluminum by 12.6% during the 4th quarter. American Century Companies Inc. now owns 447,723 shares of the industrial products company's stock worth $31,461,000 after buying an additional 49,948 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of 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 worth $30,355,000 after acquiring an additional 219,827 shares during the period. Amundi increased its stake in shares of Kaiser Aluminum by 196.0% during the fourth quarter. Amundi now owns 8,934 shares of the industrial products company's stock worth $629,000 after acquiring an additional 5,916 shares during the period. Raymond James Financial Inc. purchased a new position in Kaiser Aluminum during the fourth quarter worth about $2,245,000. Finally, Deutsche Bank AG raised its holdings in Kaiser Aluminum by 54.0% during the fourth quarter. Deutsche Bank AG now owns 14,191 shares of the industrial products company's stock worth $997,000 after purchasing an additional 4,977 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company's stock.
About Kaiser Aluminum
(
Get Free Report)
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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