Kaiser Aluminum Co. (NASDAQ:KALU - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $99.46 and last traded at $98.62, with a volume of 17465 shares traded. The stock had previously closed at $96.11.
Analyst Ratings Changes
Several equities research analysts have commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Kaiser Aluminum from $68.00 to $80.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 10th. UBS Group initiated coverage on Kaiser Aluminum in a research report on Tuesday, January 16th. They set a "neutral" rating and a $67.00 target price on the stock. Finally, Benchmark reaffirmed a "buy" rating and set a $84.00 price target on shares of Kaiser Aluminum in a research note on Friday, April 19th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $77.00.
Read Our Latest Research Report on Kaiser Aluminum
Kaiser Aluminum Price Performance
The company's 50 day simple moving average is $84.64 and its 200 day simple moving average is $70.94. The company has a current ratio of 2.66, a quick ratio of 1.43 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $1.57 billion, a PE ratio of 28.43 and a beta of 1.37.
Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.02 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.44. The business had revenue of $738.00 million during the quarter, compared to the consensus estimate of $733.34 million. Kaiser Aluminum had a return on equity of 8.40% and a net margin of 1.85%. The business's revenue for the quarter was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.99 earnings per share. On average, equities analysts anticipate that Kaiser Aluminum Co. will post 4.12 earnings per share for the current year.
Kaiser Aluminum Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 25th will be issued a $0.77 dividend. The ex-dividend date of this dividend is Wednesday, April 24th. This represents a $3.08 annualized dividend and a yield of 3.15%. Kaiser Aluminum's payout ratio is 89.53%.
Institutional Investors Weigh In On Kaiser Aluminum
Several institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC boosted its holdings in Kaiser Aluminum by 400.0% in the first quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company's stock valued at $48,000 after purchasing an additional 432 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Kaiser Aluminum in the 4th quarter valued at $51,000. Allspring Global Investments Holdings LLC raised its position in Kaiser Aluminum by 941.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 906 shares of the industrial products company's stock worth $81,000 after purchasing an additional 819 shares in the last quarter. Headlands Technologies LLC boosted its holdings in Kaiser Aluminum by 131.8% during the fourth quarter. Headlands Technologies LLC now owns 1,544 shares of the industrial products company's stock valued at $110,000 after purchasing an additional 878 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Kaiser Aluminum by 50.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,756 shares of the industrial products company's stock valued at $207,000 after purchasing an additional 921 shares during the period. 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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