Kaiser Aluminum (NASDAQ:KALU) Shares Gap Up to $81.13

Kaiser Aluminum Co. (NASDAQ:KALU)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $81.13, but opened at $85.03. Kaiser Aluminum shares last traded at $84.06, with a volume of 2,756 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Kaiser Aluminum from $62.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, February 23rd. UBS Group assumed coverage on shares of Kaiser Aluminum in a research report on Tuesday, January 16th. They set a “neutral” rating and a $67.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Kaiser Aluminum currently has an average rating of “Hold” and a consensus target price of $71.50.

Kaiser Aluminum Trading Up 3.6 %

The company has a quick ratio of 1.39, a current ratio of 2.68 and a debt-to-equity ratio of 1.72. The stock’s 50 day moving average price is $70.86 and its 200-day moving average price is $67.37. The stock has a market capitalization of $1.41 billion, a P/E ratio of 30.21 and a beta of 1.35.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.94. The firm had revenue of $722.00 million for the quarter, compared to the consensus estimate of $716.01 million. Kaiser Aluminum had a net margin of 1.53% and a return on equity of 8.32%. The company’s quarterly revenue was down 7.0% on a year-over-year basis. During the same period last year, the firm earned ($1.66) earnings per share. As a group, equities research analysts expect that Kaiser Aluminum Co. will post 3.59 earnings per share for the current year.

Kaiser Aluminum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, January 25th were paid a $0.77 dividend. The ex-dividend date of this dividend was Wednesday, January 24th. This represents a $3.08 annualized dividend and a yield of 3.49%. Kaiser Aluminum’s dividend payout ratio (DPR) is 105.48%.

Institutional Investors Weigh In On Kaiser Aluminum

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Yousif Capital Management LLC lifted its stake in shares of Kaiser Aluminum by 0.8% during the first quarter. Yousif Capital Management LLC now owns 14,503 shares of the industrial products company’s stock worth $1,366,000 after buying an additional 120 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Kaiser Aluminum by 2.1% during the second quarter. The Manufacturers Life Insurance Company now owns 6,510 shares of the industrial products company’s stock worth $466,000 after buying an additional 133 shares during the period. Great West Life Assurance Co. Can lifted its stake in shares of Kaiser Aluminum by 1.2% during the first quarter. Great West Life Assurance Co. Can now owns 14,136 shares of the industrial products company’s stock worth $1,363,000 after buying an additional 166 shares during the period. US Bancorp DE lifted its stake in shares of Kaiser Aluminum by 6.2% during the fourth quarter. US Bancorp DE now owns 2,879 shares of the industrial products company’s stock worth $205,000 after buying an additional 167 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Kaiser Aluminum by 2.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,261 shares of the industrial products company’s stock worth $468,000 after buying an additional 173 shares during the period. 99.29% of the stock is currently owned by institutional investors and hedge funds.

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.