Kaiser Aluminum (NASDAQ:KALU) Sets New 1-Year Low – Should You Sell?

Shares of Kaiser Aluminum Co. (NASDAQ:KALU) hit a new 52-week low during trading on Friday . The stock traded as low as $62.55 and last traded at $62.89, with a volume of 23473 shares. The stock had previously closed at $64.91.

Wall Street Analysts Forecast Growth

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 Trading Down 4.3 %

The stock has a market cap of $1.00 billion, a P/E ratio of 21.67 and a beta of 1.37. The business’s 50 day simple moving average is $70.17 and its 200 day simple moving average is $72.98. 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) last posted its earnings results on Wednesday, February 19th. The industrial products company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.30). Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. The company had revenue of $765.40 million for the quarter, compared to the consensus estimate of $752.00 million. During the same quarter last year, the business earned $0.60 EPS. On average, analysts expect that Kaiser Aluminum Co. will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

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

Institutional Investors Weigh In On Kaiser Aluminum

A number of hedge funds have recently made changes to their positions in KALU. State Street Corp grew its stake in Kaiser Aluminum by 2.2% during the third quarter. State Street Corp now owns 960,742 shares of the industrial products company’s stock worth $69,673,000 after buying an additional 20,979 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Kaiser Aluminum by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 790,046 shares of the industrial products company’s stock worth $55,517,000 after acquiring an additional 14,296 shares in the last quarter. American Century Companies Inc. grew its position in Kaiser Aluminum by 12.6% during the 4th quarter. American Century Companies Inc. now owns 447,723 shares of the industrial products company’s stock worth $31,461,000 after acquiring an additional 49,948 shares during the last quarter. Wellington Management Group LLP increased its holdings in Kaiser Aluminum by 103.6% during the 4th quarter. Wellington Management Group LLP now owns 431,980 shares of the industrial products company’s stock valued at $30,355,000 after purchasing an additional 219,827 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Kaiser Aluminum by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 376,745 shares of the industrial products company’s stock valued at $27,326,000 after purchasing an additional 4,388 shares during the last quarter. Institutional investors and hedge funds 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.