Kaiser Aluminum Co. (NASDAQ:KALU - Get Free Report) shares rose 3.5% during trading on Monday after JPMorgan Chase & Co. raised their price target on the stock from $62.00 to $64.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Kaiser Aluminum traded as high as $64.40 and last traded at $62.81. Approximately 76,241 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 137,142 shares. The stock had previously closed at $60.66.
A number of other analysts have also recently commented on the company. Benchmark dropped their price target 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. StockNews.com raised Kaiser Aluminum from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Finally, Wolfe Research raised Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research note on Friday, April 11th.
View Our Latest Report on KALU
Hedge Funds Weigh In On Kaiser Aluminum
Hedge funds have recently added to or reduced their stakes in the company. AlphaQuest LLC increased its holdings in shares of Kaiser Aluminum by 497.2% in the 4th quarter. AlphaQuest LLC now owns 651 shares of the industrial products company's stock worth $46,000 after purchasing an additional 542 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Kaiser Aluminum during the fourth quarter valued at $52,000. KBC Group NV raised its position in Kaiser Aluminum by 93.0% in the 4th quarter. KBC Group NV now owns 851 shares of the industrial products company's stock worth $60,000 after buying an additional 410 shares during the last quarter. Aquatic Capital Management LLC raised its position in 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 buying an additional 784 shares during the last quarter. Finally, McIlrath & Eck LLC bought a new position in Kaiser Aluminum during the 4th quarter valued at about $121,000. 99.29% of the stock is currently owned by hedge funds and other institutional investors.
Kaiser Aluminum Stock Performance
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 business's fifty day moving average price is $62.85 and its 200-day moving average price is $70.58. The stock has a market cap of $1.02 billion, a PE ratio of 21.93 and a beta of 1.32.
Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last posted 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. The business had revenue of $777.40 million during 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%. As a group, equities research analysts forecast that Kaiser Aluminum Co. will post 5.14 EPS for the current fiscal year.
Kaiser Aluminum Announces Dividend
The company 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 annualized dividend and a dividend yield of 4.88%. The ex-dividend date of this dividend is Friday, April 25th. Kaiser Aluminum's payout ratio is currently 115.36%.
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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