Kaiser Aluminum (NASDAQ:KALU) Stock Price Down 10.3% – Should You Sell?

Shares of Kaiser Aluminum Corporation (NASDAQ:KALU) were down 10.3% during trading on Tuesday . The stock traded as low as $165.00 and last traded at $166.3550. 29,383 shares traded hands during trading, a decline of 88% from the average session volume of 250,405 shares. The stock had previously closed at $185.50.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. UBS Group lifted their target price on shares of Kaiser Aluminum from $176.00 to $179.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $142.00 price target (up from $124.00) on shares of Kaiser Aluminum in a report on Thursday, April 30th. KeyCorp raised their price target on Kaiser Aluminum from $170.00 to $183.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Wall Street Zen upgraded Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 2nd. Finally, Zacks Research raised Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Kaiser Aluminum currently has an average rating of “Hold” and an average target price of $168.25.

Kaiser Aluminum Trading Down 2.7%

The firm has a market cap of $2.57 billion, a P/E ratio of 11.63 and a beta of 1.61. The stock has a 50 day simple moving average of $173.87 and a 200-day simple moving average of $156.88. The company has a current ratio of 2.50, a quick ratio of 1.17 and a debt-to-equity ratio of 1.10.

Kaiser Aluminum (NASDAQ:KALU) last posted its earnings results on Wednesday, July 22nd. The industrial products company reported $5.53 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $2.87. Kaiser Aluminum had a return on equity of 24.71% and a net margin of 5.49%.The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the company earned $1.21 EPS. The company’s quarterly revenue was up 52.7% compared to the same quarter last year. On average, equities research analysts expect that Kaiser Aluminum Corporation will post 10.63 EPS for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 24th were paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, July 24th. This represents a $3.08 dividend on an annualized basis and a yield of 2.0%. Kaiser Aluminum’s dividend payout ratio is presently 22.83%.

Hedge Funds Weigh In On Kaiser Aluminum

Institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC increased its holdings in shares of Kaiser Aluminum by 389.3% in the 4th quarter. Farther Finance Advisors LLC now owns 274 shares of the industrial products company’s stock worth $31,000 after buying an additional 218 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Kaiser Aluminum by 475.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 342 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Kaiser Aluminum by 408.3% in the 4th quarter. Global Retirement Partners LLC now owns 366 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 294 shares during the last quarter. KBC Group NV purchased a new position in Kaiser Aluminum in the first quarter worth about $44,000. Finally, Quantbot Technologies LP bought a new stake in Kaiser Aluminum during the second quarter worth approximately $44,000. 99.29% of the stock is owned by hedge funds and other institutional investors.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation is a U.S.-based producer of semi?fabricated aluminum products, serving a diverse range of industrial and specialty markets. The company’s offerings include extruded, rolled, and forged aluminum products designed to meet stringent performance requirements in sectors such as aerospace, automotive, defense, electronics, and general engineering. By focusing on high?value applications, Kaiser Aluminum aims to deliver lightweight, durable solutions that contribute to efficiency and innovation across its customer base.

Operationally, Kaiser Aluminum maintains a network of smelters, extrusion plants, and rolling mills located primarily in North America.