Kaiser Aluminum (NASDAQ:KALU) Cut to Sell at StockNews.com

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

Kaiser Aluminum Trading Down 4.0 %

Kaiser Aluminum stock opened at $71.86 on Friday. The stock has a 50-day simple moving average of $71.39 and a 200 day simple moving average of $73.42. The stock has a market capitalization of $1.16 billion, a P/E ratio of 25.04 and a beta of 1.34. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.44. Kaiser Aluminum has a 52 week low of $62.83 and a 52 week high of $102.42.

Kaiser Aluminum (NASDAQ:KALU) last issued 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). Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. The business had revenue of $765.40 million for the quarter, compared to the consensus estimate of $752.00 million. During the same quarter in the prior year, the firm posted $0.60 earnings per share. Analysts expect that Kaiser Aluminum will post 5.14 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 24th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 4.29%. The ex-dividend date was Friday, January 24th. Kaiser Aluminum’s payout ratio is presently 107.32%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 DIFC Ltd bought a new stake in shares of Kaiser Aluminum during the third quarter worth approximately $41,000. AlphaQuest LLC lifted its holdings 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 purchasing an additional 542 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in Kaiser Aluminum in the 4th quarter valued at $52,000. KBC Group NV grew its holdings in Kaiser Aluminum by 93.0% in the 4th quarter. KBC Group NV now owns 851 shares of the industrial products company’s stock valued at $60,000 after buying an additional 410 shares in the last quarter. Finally, CWM LLC increased its position in Kaiser Aluminum by 125.3% during the 3rd quarter. CWM LLC now owns 1,282 shares of the industrial products company’s stock worth $93,000 after buying an additional 713 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.