Kaiser Aluminum (NASDAQ:KALU) Reaches New 1-Year High at $94.36

Shares of Kaiser Aluminum Co. (NASDAQ:KALU - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $94.36 and last traded at $93.49, with a volume of 8339 shares. The stock had previously closed at $92.97.

Analyst Ratings Changes

A number of analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price target on Kaiser Aluminum from $62.00 to $68.00 and gave the company a "neutral" rating in a report on Friday, February 23rd. UBS Group began coverage on Kaiser Aluminum in a research note on Tuesday, January 16th. They issued a "neutral" rating and a $67.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Kaiser Aluminum currently has an average rating of "Hold" and a consensus price target of $71.50.

Kaiser Aluminum Trading Up 0.8 %

The stock has a market capitalization of $1.50 billion, a P/E ratio of 32.11 and a beta of 1.37. The company has a current ratio of 2.68, a quick ratio of 1.39 and a debt-to-equity ratio of 1.72. The business has a 50-day moving average price of $74.94 and a two-hundred day moving average price of $68.14.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.94. Kaiser Aluminum had a net margin of 1.53% and a return on equity of 8.32%. The business had revenue of $722.00 million for the quarter, compared to analyst estimates of $716.01 million. During the same quarter last year, the business posted ($1.66) EPS. The firm's revenue for the quarter was down 7.0% on a year-over-year basis. On average, analysts expect that Kaiser Aluminum Co. will post 3.59 EPS for the current fiscal year.

Kaiser Aluminum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, January 25th were paid a $0.77 dividend. The ex-dividend date of this dividend was Wednesday, January 24th. This represents a $3.08 annualized dividend and a dividend yield of 3.28%. Kaiser Aluminum's payout ratio is 105.48%.

Hedge Funds Weigh In On Kaiser Aluminum

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its stake in Kaiser Aluminum by 314.4% in the first quarter. Tower Research Capital LLC TRC now owns 518 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 393 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Kaiser Aluminum by 400.0% in the 1st quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company's stock worth $48,000 after purchasing an additional 432 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Kaiser Aluminum in the 4th quarter valued at $51,000. NewEdge Advisors LLC increased its stake in Kaiser Aluminum by 2,214.3% during the 1st quarter. NewEdge Advisors LLC now owns 810 shares of the industrial products company's stock valued at $60,000 after purchasing an additional 775 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in Kaiser Aluminum during the 2nd quarter valued at $80,000. Institutional investors and hedge funds own 99.29% of the company's stock.

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.