Kaiser Aluminum (NASDAQ:KALU) Trading 5.8% Higher - What's Next?

Shares of Kaiser Aluminum Co. (NASDAQ:KALU - Get Free Report) traded up 5.8% on Thursday . The stock traded as high as $77.11 and last traded at $75.52. 101,592 shares were traded during trading, an increase of 10% from the average session volume of 92,594 shares. The stock had previously closed at $71.36.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Kaiser Aluminum from a "hold" rating to a "sell" rating in a research note on Friday.

Kaiser Aluminum Trading Down 4.0 %

The company has a market cap of $1.16 billion, a PE ratio of 25.04 and a beta of 1.34. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.44 and a quick ratio of 1.36. The company's 50 day simple moving average is $71.39 and its two-hundred day simple moving average is $73.33.

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

Kaiser Aluminum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 24th were given 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 4.29%. Kaiser Aluminum's dividend payout ratio is presently 107.32%.

Institutional Trading of Kaiser Aluminum

Several hedge funds have recently made changes to their positions in KALU. Point72 DIFC Ltd acquired a new stake in shares of Kaiser Aluminum during the third quarter worth about $41,000. AlphaQuest LLC raised its holdings in Kaiser Aluminum by 497.2% in the fourth quarter. AlphaQuest LLC now owns 651 shares of the industrial products company's stock valued at $46,000 after acquiring an additional 542 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in Kaiser Aluminum in the fourth quarter valued at approximately $52,000. KBC Group NV raised its holdings in Kaiser Aluminum by 93.0% in the fourth quarter. KBC Group NV now owns 851 shares of the industrial products company's stock valued at $60,000 after acquiring an additional 410 shares in the last quarter. Finally, CWM LLC raised its holdings in Kaiser Aluminum by 125.3% in the third quarter. CWM LLC now owns 1,282 shares of the industrial products company's stock valued at $93,000 after acquiring an additional 713 shares in the last quarter. 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.