Shares of Kaiser Aluminum Co. (NASDAQ:KALU - Get Free Report) hit a new 52-week low during trading on Thursday . The stock traded as low as $58.75 and last traded at $59.79, with a volume of 185884 shares. The stock had previously closed at $59.57.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Kaiser Aluminum from a "sell" rating to a "hold" rating in a report on Sunday, March 23rd.
Get Our Latest Report on KALU
Kaiser Aluminum Stock Up 0.4 %
The firm has a 50-day moving average price of $67.97 and a two-hundred day moving average price of $72.44. The company has a market capitalization of $819.97 million, a price-to-earnings ratio of 17.75 and a beta of 1.32. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.44 and a quick ratio of 1.36.
Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share 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 for the quarter, compared to analyst estimates of $752.00 million. During the same period last year, the company earned $0.60 EPS. As a group, sell-side analysts anticipate that Kaiser Aluminum Co. will post 5.14 earnings per share for the current fiscal year.
Kaiser Aluminum Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 24th were paid a dividend of $0.77 per share. The ex-dividend date was Friday, January 24th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 6.05%. Kaiser Aluminum's dividend payout ratio is 107.32%.
Institutional Trading of Kaiser Aluminum
A number of hedge funds and other institutional investors have recently modified their holdings of KALU. GAMMA Investing LLC grew its stake in Kaiser Aluminum by 5,608.6% in the first quarter. GAMMA Investing LLC now owns 39,161 shares of the industrial products company's stock valued at $2,374,000 after purchasing an additional 38,475 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Kaiser Aluminum by 103.6% in the fourth quarter. Wellington Management Group LLP now owns 431,980 shares of the industrial products company's stock valued at $30,355,000 after buying an additional 219,827 shares in the last quarter. McIlrath & Eck LLC bought a new position in shares of Kaiser Aluminum in the fourth quarter valued at $121,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Kaiser Aluminum by 7.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,887 shares of the industrial products company's stock worth $2,873,000 after buying an additional 2,903 shares during the last quarter. Finally, Voloridge Investment Management LLC raised its position in Kaiser Aluminum by 7.5% during the fourth quarter. Voloridge Investment Management LLC now owns 18,880 shares of the industrial products company's stock worth $1,327,000 after acquiring an additional 1,325 shares in the last quarter. Institutional investors and hedge funds 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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