Kaiser Aluminum (NASDAQ:KALU) Hits New 12-Month Low - Time to Sell?

Kaiser Aluminum Co. (NASDAQ:KALU - Get Free Report) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $62.55 and last traded at $62.89, with a volume of 23473 shares trading hands. The stock had previously closed at $64.91.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Kaiser Aluminum from a "sell" rating to a "hold" rating in a research note on Sunday, March 23rd.

Kaiser Aluminum Price Performance

The company has a market cap of $975.98 million, a PE ratio of 21.12 and a beta of 1.37. The firm has a 50 day simple moving average of $69.67 and a 200-day simple moving average of $72.97. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 1.56.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.63 by ($0.30). Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. The firm had revenue of $765.40 million during the quarter, compared to analysts' expectations of $752.00 million. During the same period in the previous year, the firm earned $0.60 EPS. As a group, research analysts predict that Kaiser Aluminum Co. will post 5.14 earnings per share for the current fiscal year.

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Kaiser Aluminum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 24th were issued a dividend of $0.77 per share. The ex-dividend date was Friday, January 24th. This represents a $3.08 annualized dividend and a dividend yield of 5.08%. Kaiser Aluminum's dividend payout ratio is presently 107.32%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Point72 DIFC Ltd acquired a new stake in Kaiser Aluminum in the third quarter worth about $41,000. AlphaQuest LLC raised its position 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 valued at $46,000 after purchasing an additional 542 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in Kaiser Aluminum in the 4th quarter worth approximately $52,000. KBC Group NV grew its position in Kaiser Aluminum by 93.0% during the 4th quarter. KBC Group NV now owns 851 shares of the industrial products company's stock worth $60,000 after purchasing an additional 410 shares during the last quarter. Finally, Aquatic Capital Management LLC increased its stake in Kaiser Aluminum by 87.1% during the 4th quarter. Aquatic Capital Management LLC now owns 1,684 shares of the industrial products company's stock valued at $118,000 after purchasing an additional 784 shares in the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

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.