Kaiser Aluminum (NASDAQ:KALU) Sets New 52-Week Low – What’s Next?

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

Wall Street Analysts Forecast Growth

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

Kaiser Aluminum Price Performance

The business has a fifty day moving average of $69.19 and a 200-day moving average of $72.81. 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 $962.62 million, a PE ratio of 20.83 and a beta of 1.32.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.30). The firm had revenue of $765.40 million during the quarter, compared to analysts’ expectations 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 previous year, the company posted $0.60 earnings per share. As a group, research analysts predict that Kaiser Aluminum Co. will post 5.14 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 5.15%. Kaiser Aluminum’s dividend payout ratio (DPR) is currently 107.32%.

Institutional Investors Weigh In On Kaiser Aluminum

A number of institutional investors and hedge funds have recently made changes to their positions in KALU. Empowered Funds LLC bought a new position in Kaiser Aluminum in the 4th quarter worth about $3,878,000. American Century Companies Inc. increased its position in shares of Kaiser Aluminum by 12.6% in the fourth quarter. American Century Companies Inc. now owns 447,723 shares of the industrial products company’s stock worth $31,461,000 after purchasing an additional 49,948 shares during the last quarter. Barclays PLC raised its stake in Kaiser Aluminum by 101.3% in the third quarter. Barclays PLC now owns 27,454 shares of the industrial products company’s stock valued at $1,991,000 after purchasing an additional 13,813 shares in the last quarter. Amundi lifted its position in Kaiser Aluminum by 196.0% during the fourth quarter. Amundi now owns 8,934 shares of the industrial products company’s stock valued at $629,000 after purchasing an additional 5,916 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Kaiser Aluminum by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 294,502 shares of the industrial products company’s stock worth $21,357,000 after buying an additional 7,644 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.