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

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

Separately, Wolfe Research raised shares of Kaiser Aluminum from an “underperform” rating to a “peer perform” rating in a report on Friday, April 11th.

Kaiser Aluminum Price Performance

Kaiser Aluminum stock opened at $53.86 on Friday. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. The business’s 50 day simple moving average is $64.14 and its 200 day simple moving average is $71.04. Kaiser Aluminum has a 12 month low of $46.81 and a 12 month high of $102.42. The company has a market cap of $867.15 million, a price-to-earnings ratio of 18.77 and a beta of 1.32.

Kaiser Aluminum (NASDAQ:KALU) last issued its earnings results 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). The business had revenue of $765.40 million for the quarter, compared to the consensus estimate of $752.00 million. Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. During the same period in the previous year, the firm earned $0.60 EPS. Sell-side analysts forecast that Kaiser Aluminum will post 5.14 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Friday, April 25th will be issued a $0.77 dividend. The ex-dividend date is Friday, April 25th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.72%. Kaiser Aluminum’s payout ratio is 107.32%.

Institutional Investors Weigh In On Kaiser Aluminum

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP increased its stake in Kaiser Aluminum by 103.6% in the 4th quarter. Wellington Management Group LLP now owns 431,980 shares of the industrial products company’s stock worth $30,355,000 after purchasing an additional 219,827 shares during the period. Bridgeway Capital Management LLC purchased a new position in shares of Kaiser Aluminum in the fourth quarter worth $4,581,000. Empowered Funds LLC bought a new stake in Kaiser Aluminum during the 4th quarter valued at $3,878,000. Crestline Management LP purchased a new position in shares of Kaiser Aluminum in the fourth quarter valued at about $3,558,000. Finally, American Century Companies Inc. raised its stake in shares of Kaiser Aluminum by 12.6% during the fourth quarter. American Century Companies Inc. now owns 447,723 shares of the industrial products company’s stock valued at $31,461,000 after acquiring an additional 49,948 shares during the last quarter. Institutional investors 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.