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

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

Analysts Set New Price Targets

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

Kaiser Aluminum Stock Down 5.0 %

The firm has a 50-day simple moving average of $68.36 and a 200 day simple moving average of $72.55. The stock has a market capitalization of $817.08 million, a P/E ratio of 17.68 and a beta of 1.32. 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 issued its quarterly earnings data 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). Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. The business had revenue of $765.40 million during 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, equities research analysts forecast that Kaiser Aluminum Co. will post 5.14 EPS for the current year.

Kaiser Aluminum Announces Dividend

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of KALU. Wellington Management Group LLP increased its stake in shares of Kaiser Aluminum by 103.6% in the fourth quarter. Wellington Management Group LLP now owns 431,980 shares of the industrial products company’s stock valued at $30,355,000 after buying an additional 219,827 shares during the period. McIlrath & Eck LLC bought a new position in Kaiser Aluminum during the 4th quarter worth approximately $121,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Kaiser Aluminum by 7.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,887 shares of the industrial products company’s stock worth $2,873,000 after purchasing an additional 2,903 shares during the period. Voloridge Investment Management LLC boosted its stake in shares of Kaiser Aluminum by 7.5% in the 4th quarter. Voloridge Investment Management LLC now owns 18,880 shares of the industrial products company’s stock valued at $1,327,000 after purchasing an additional 1,325 shares during the last quarter. Finally, Two Sigma Investments LP increased its position in shares of Kaiser Aluminum by 12.8% during the fourth quarter. Two Sigma Investments LP now owns 4,804 shares of the industrial products company’s stock worth $338,000 after buying an additional 546 shares during the period. 99.29% of the stock is owned by institutional investors.

About Kaiser Aluminum

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.