Kaiser Aluminum (NASDAQ:KALU) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Kaiser Aluminum (NASDAQ:KALU) from a sell rating to a hold rating in a research note published on Sunday morning.

Kaiser Aluminum Trading Down 4.1 %

NASDAQ:KALU opened at $66.28 on Friday. Kaiser Aluminum has a 12-month low of $63.44 and a 12-month high of $102.42. The firm has a market capitalization of $1.07 billion, a P/E ratio of 23.09 and a beta of 1.37. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.44 and a quick ratio of 1.36. The business has a 50 day simple moving average of $70.72 and a 200 day simple moving average of $73.12.

Kaiser Aluminum (NASDAQ:KALU) last released 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 company had revenue of $765.40 million for the quarter, compared to analyst estimates of $752.00 million. During the same quarter in the prior year, the firm earned $0.60 EPS. Equities research analysts predict that Kaiser Aluminum will post 5.14 EPS for the current year.

Kaiser Aluminum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 24th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $3.08 dividend on an annualized basis and a yield of 4.65%. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 107.32%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Point72 DIFC Ltd acquired a new position in Kaiser Aluminum during the 3rd quarter worth $41,000. AlphaQuest LLC boosted its position 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 during the 4th quarter worth $52,000. KBC Group NV boosted its position in Kaiser Aluminum by 93.0% during the 4th quarter. KBC Group NV now owns 851 shares of the industrial products company’s stock worth $60,000 after acquiring an additional 410 shares during the period. Finally, Aquatic Capital Management LLC boosted its position in 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 acquiring an additional 784 shares during the period. 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.