Kaiser Aluminum (NASDAQ:KALU) Director Alfred E. Osborne, Jr. sold 1,000 shares of the firm’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $104.40, for a total value of $104,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of KALU stock opened at $101.29 on Monday. The company has a current ratio of 3.79, a quick ratio of 2.59 and a debt-to-equity ratio of 0.50. Kaiser Aluminum has a 52-week low of $76.73 and a 52-week high of $116.86. The firm has a market capitalization of $1,697.42, a P/E ratio of 19.90, a price-to-earnings-growth ratio of 1.04 and a beta of 0.61.
Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.26 by ($0.04). Kaiser Aluminum had a return on equity of 11.35% and a net margin of 3.25%. The business had revenue of $353.00 million during the quarter, compared to analysts’ expectations of $348.95 million. During the same quarter last year, the business posted $1.27 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis. analysts predict that Kaiser Aluminum will post 6.46 EPS for the current year.
Several hedge funds have recently modified their holdings of the stock. NEXT Financial Group Inc purchased a new stake in Kaiser Aluminum during the third quarter valued at about $124,000. Invictus RG raised its position in Kaiser Aluminum by 140.9% during the third quarter. Invictus RG now owns 1,679 shares of the industrial products company’s stock valued at $173,000 after purchasing an additional 982 shares in the last quarter. First Interstate Bank purchased a new stake in Kaiser Aluminum during the fourth quarter valued at about $182,000. We Are One Seven LLC purchased a new stake in Kaiser Aluminum during the fourth quarter valued at about $192,000. Finally, Elkfork Partners LLC purchased a new stake in Kaiser Aluminum during the fourth quarter valued at about $245,000.
KALU has been the subject of a number of analyst reports. ValuEngine raised Kaiser Aluminum from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Zacks Investment Research raised Kaiser Aluminum from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a report on Thursday, March 1st. BidaskClub lowered Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 3rd. TheStreet lowered Kaiser Aluminum from a “b-” rating to a “c+” rating in a report on Tuesday, March 27th. Finally, Cowen reaffirmed a “hold” rating and issued a $107.00 price target on shares of Kaiser Aluminum in a report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $103.71.
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About Kaiser Aluminum
Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The company offers rolled, extruded, and drawn aluminum products used principally for aerospace and defense, automotive, consumer durables, electronics, electrical, and machinery and equipment applications.
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