Kaiser Aluminum (NASDAQ:KALU) Trading 5.8% Higher – What’s Next?

Kaiser Aluminum Co. (NASDAQ:KALU)’s share price shot up 5.8% during trading on Thursday . The company traded as high as $77.11 and last traded at $75.52. 101,592 shares changed hands during mid-day trading, an increase of 10% from the average session volume of 92,594 shares. The stock had previously closed at $71.36.

Kaiser Aluminum Stock Performance

The stock has a market cap of $1.22 billion, a P/E ratio of 26.18 and a beta of 1.34. The firm has a 50 day moving average of $71.53 and a two-hundred day moving average of $73.30. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.60.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.30). Kaiser Aluminum had a net margin of 1.59% and a return on equity of 6.92%. The business had revenue of $765.40 million during the quarter, compared to the consensus estimate of $752.00 million. During the same period in the prior year, the company posted $0.60 earnings per share. On average, research analysts predict that Kaiser Aluminum Co. will post 2.64 EPS for the current fiscal 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 issued a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $3.08 annualized dividend and a dividend yield of 4.07%. Kaiser Aluminum’s payout ratio is 106.57%.

Institutional Investors Weigh In On Kaiser Aluminum

Several hedge funds have recently made changes to their positions in KALU. Pitcairn Co. raised its holdings in Kaiser Aluminum by 3.0% in the 4th quarter. Pitcairn Co. now owns 6,118 shares of the industrial products company’s stock valued at $430,000 after acquiring an additional 181 shares in the last quarter. QRG Capital Management Inc. boosted its stake in Kaiser Aluminum by 6.0% during the third quarter. QRG Capital Management Inc. now owns 3,810 shares of the industrial products company’s stock worth $276,000 after buying an additional 214 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Kaiser Aluminum by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,094 shares of the industrial products company’s stock valued at $639,000 after buying an additional 317 shares during the period. New York State Teachers Retirement System raised its stake in shares of Kaiser Aluminum by 6.2% in the 4th quarter. New York State Teachers Retirement System now owns 6,879 shares of the industrial products company’s stock valued at $483,000 after buying an additional 400 shares in the last quarter. Finally, KBC Group NV lifted its stake in Kaiser Aluminum by 93.0% during the fourth quarter. KBC Group NV now owns 851 shares of the industrial products company’s stock worth $60,000 after purchasing an additional 410 shares during the period. 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.