Kaiser Aluminum Co. (NASDAQ:KALU) shares gapped down before the market opened on Thursday . The stock had previously closed at $109.33, but opened at $106.64. Kaiser Aluminum shares last traded at $108.92, with a volume of 401 shares traded.
Separately, TheStreet raised Kaiser Aluminum from a “c+” rating to a “b-” rating in a research report on Monday, March 15th.
The company has a current ratio of 7.80, a quick ratio of 6.70 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 143.86 and a beta of 1.25. The stock has a 50-day moving average price of $114.93 and a 200 day moving average price of $90.68.
Kaiser Aluminum (NASDAQ:KALU) last posted its earnings results on Tuesday, February 23rd. The industrial products company reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.07. The firm had revenue of $272.00 million for the quarter. Kaiser Aluminum had a return on equity of 9.72% and a net margin of 0.94%.
The business also recently declared a quarterly dividend, which was paid on Friday, February 12th. Investors of record on Monday, January 25th were paid a $0.72 dividend. The ex-dividend date was Friday, January 22nd. This is a positive change from Kaiser Aluminum’s previous quarterly dividend of $0.67. This represents a $2.88 dividend on an annualized basis and a yield of 2.61%.
In other Kaiser Aluminum news, SVP Ray Parkinson sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 11th. The shares were sold at an average price of $124.72, for a total value of $187,080.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Neal E. West sold 400 shares of the firm’s stock in a transaction that occurred on Wednesday, March 10th. The stock was sold at an average price of $119.19, for a total transaction of $47,676.00. The disclosure for this sale can be found here. Insiders sold a total of 18,923 shares of company stock worth $2,370,653 over the last ninety days. 1.40% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Private Capital Group LLC increased its holdings in shares of Kaiser Aluminum by 65.4% during the 4th quarter. Private Capital Group LLC now owns 420 shares of the industrial products company’s stock worth $42,000 after buying an additional 166 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Kaiser Aluminum by 70.8% during the 4th quarter. First Horizon Advisors Inc. now owns 480 shares of the industrial products company’s stock worth $47,000 after buying an additional 199 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Kaiser Aluminum by 2.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 8,350 shares of the industrial products company’s stock worth $826,000 after buying an additional 200 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Kaiser Aluminum by 5.2% during the 1st quarter. First Trust Advisors LP now owns 4,288 shares of the industrial products company’s stock worth $449,000 after buying an additional 211 shares during the last quarter. Finally, Comerica Bank increased its holdings in Kaiser Aluminum by 1.8% in the 4th quarter. Comerica Bank now owns 16,928 shares of the industrial products company’s stock valued at $1,686,000 after purchasing an additional 298 shares during the last quarter. Institutional investors and hedge funds own 94.26% of the company’s stock.
About Kaiser Aluminum (NASDAQ:KALU)
Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The company provides rolled, extruded, and drawn aluminum products used principally for aerospace and defense, automotive, consumer durables, electronics, electrical, and machinery and equipment applications.
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