Kaiser Aluminum (NASDAQ:KALU) Sets New 1-Year Low – Should You Sell?

Shares of Kaiser Aluminum Co. (NASDAQ:KALU) 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. The stock had previously closed at $59.57.

Analysts Set New Price Targets

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

Kaiser Aluminum Stock Performance

The company has a market cap of $962.62 million, a P/E ratio of 20.83 and a beta of 1.32. The company’s fifty day moving average is $69.19 and its 200 day moving average is $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.

Kaiser Aluminum (NASDAQ:KALU) last announced 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 the consensus estimate of $752.00 million. During the same period last year, the business posted $0.60 earnings per share. As a group, equities analysts predict that Kaiser Aluminum Co. will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 24th were given a $0.77 dividend. The ex-dividend date was Friday, January 24th. This represents a $3.08 annualized dividend and a yield of 5.15%. Kaiser Aluminum’s payout ratio is currently 107.32%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in KALU. Charles Schwab Investment Management Inc. increased its position in shares of Kaiser Aluminum by 2.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 294,502 shares of the industrial products company’s stock valued at $21,357,000 after acquiring an additional 7,644 shares during the period. Bank of Montreal Can increased its holdings in Kaiser Aluminum by 11.2% during the 3rd quarter. Bank of Montreal Can now owns 73,250 shares of the industrial products company’s stock valued at $5,360,000 after purchasing an additional 7,373 shares during the period. BNP Paribas Financial Markets raised its position in Kaiser Aluminum by 27.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 19,312 shares of the industrial products company’s stock valued at $1,401,000 after purchasing an additional 4,175 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in Kaiser Aluminum by 20.2% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,597 shares of the industrial products company’s stock valued at $261,000 after purchasing an additional 605 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new stake in Kaiser Aluminum in the 3rd quarter worth approximately $269,000. 99.29% of the stock is owned by hedge funds and other institutional investors.

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.