Kaiser Aluminum (NASDAQ:KALU) Shares Up 3.6%

Kaiser Aluminum Co. (NASDAQ:KALU - Get Free Report)'s stock price rose 3.6% on Monday . The stock traded as high as $92.40 and last traded at $92.40. Approximately 9,906 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 133,904 shares. The stock had previously closed at $89.15.

Wall Street Analysts Forecast Growth

KALU has been the topic of several analyst reports. UBS Group initiated coverage on shares of Kaiser Aluminum in a report on Tuesday, January 16th. They issued a "neutral" rating and a $67.00 target price on the stock. JPMorgan Chase & Co. raised their target price on shares of Kaiser Aluminum from $68.00 to $80.00 and gave the company a "neutral" rating in a report on Wednesday, April 10th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $77.00.

Kaiser Aluminum Trading Down 0.4 %

The company has a quick ratio of 1.39, a current ratio of 2.68 and a debt-to-equity ratio of 1.72. The business's fifty day simple moving average is $77.46 and its two-hundred day simple moving average is $68.78. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 30.42 and a beta of 1.38.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of ($0.34) by $0.94. Kaiser Aluminum had a net margin of 1.53% and a return on equity of 8.32%. The company had revenue of $722.00 million for the quarter, compared to analysts' expectations of $716.01 million. During the same quarter last year, the company earned ($1.66) earnings per share. The firm's revenue for the quarter was down 7.0% on a year-over-year basis. On average, equities analysts predict that Kaiser Aluminum Co. will post 3.65 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 25th will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.47%. Kaiser Aluminum's payout ratio is currently 105.48%.

Hedge Funds Weigh In On Kaiser Aluminum

Institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC increased its holdings in shares of Kaiser Aluminum by 314.4% in the 1st 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 increased 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 valued at $48,000 after acquiring an additional 432 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Kaiser Aluminum in the 4th quarter valued at $51,000. NewEdge Advisors LLC increased its holdings in shares of Kaiser Aluminum by 2,214.3% in the 1st quarter. NewEdge Advisors LLC now owns 810 shares of the industrial products company's stock valued at $60,000 after acquiring an additional 775 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Kaiser Aluminum in the 2nd quarter valued at $80,000. 99.29% of the stock is owned by institutional investors and hedge funds.

Kaiser Aluminum Company Profile

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.