Kaiser Aluminum (NASDAQ:KALU) Hits New 1-Year Low – What’s Next?

Kaiser Aluminum Co. (NASDAQ:KALU)’s stock price 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.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Kaiser Aluminum from a “sell” rating to a “hold” rating in a report on Sunday, March 23rd.

Kaiser Aluminum Stock Performance

The stock’s 50 day moving average price is $69.93 and its two-hundred day moving average price is $72.99. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $999.65 million, a price-to-earnings ratio of 21.63 and a beta of 1.37.

Kaiser Aluminum (NASDAQ:KALU) last released 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 firm 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 last year, the firm earned $0.60 EPS. On average, analysts forecast that Kaiser Aluminum Co. will post 5.14 EPS for the current year.

Kaiser Aluminum Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 24th were issued a $0.77 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.96%. Kaiser Aluminum’s dividend payout ratio (DPR) is 107.32%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Point72 DIFC Ltd acquired a new position in shares of Kaiser Aluminum in the third quarter worth about $41,000. AlphaQuest LLC increased its stake in shares of Kaiser Aluminum by 497.2% during 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 during the period. Jones Financial Companies Lllp acquired a new position in Kaiser Aluminum during the fourth quarter worth about $52,000. KBC Group NV grew its stake in shares of Kaiser Aluminum by 93.0% in 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 holdings in shares of Kaiser Aluminum by 87.1% in the fourth quarter. Aquatic Capital Management LLC now owns 1,684 shares of the industrial products company’s stock valued at $118,000 after buying an additional 784 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

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.