Kaiser Aluminum (NASDAQ:KALU) Reaches New 12-Month Low – Here’s Why

Kaiser Aluminum Co. (NASDAQ:KALU) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $58.75 and last traded at $59.79, with a volume of 185884 shares trading hands. The stock had previously closed at $59.57.

Analysts Set New Price Targets

Separately, StockNews.com raised 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 is $68.36 and its 200 day moving average is $72.55. 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 cap of $817.08 million, a price-to-earnings ratio of 17.68 and a beta of 1.32.

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). The firm had revenue of $765.40 million during the quarter, compared to analyst estimates of $752.00 million. Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. During the same period in the previous year, the company posted $0.60 EPS. Analysts anticipate that Kaiser Aluminum Co. will post 5.14 earnings per share for the current year.

Kaiser Aluminum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 24th were given a $0.77 dividend. The ex-dividend date was Friday, January 24th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 6.07%. Kaiser Aluminum’s payout ratio is presently 107.32%.

Hedge Funds Weigh In On Kaiser Aluminum

A number of hedge funds have recently bought and sold shares of the business. Point72 DIFC Ltd acquired a new position in shares of Kaiser Aluminum during the 3rd quarter worth approximately $41,000. AlphaQuest LLC increased its stake in Kaiser Aluminum by 497.2% during the 4th quarter. AlphaQuest LLC now owns 651 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 542 shares during the period. Jones Financial Companies Lllp acquired a new position in Kaiser Aluminum in the 4th quarter valued at $52,000. KBC Group NV lifted its position in shares of Kaiser Aluminum by 93.0% during the 4th 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 during the period. Finally, Aquatic Capital Management LLC grew its holdings in shares of Kaiser Aluminum by 87.1% during the 4th quarter. Aquatic Capital Management LLC now owns 1,684 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 784 shares in the last quarter. 99.29% of the stock is owned by institutional investors.

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.