Kaiser Aluminum (NASDAQ:KALU) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Thursday.
Other research analysts also recently issued reports about the company. TheStreet upgraded Kaiser Aluminum from a “c+” rating to a “b+” rating in a research note on Wednesday, April 25th. Zacks Investment Research upgraded Kaiser Aluminum from a “hold” rating to a “buy” rating and set a $117.00 price objective for the company in a research note on Thursday, March 1st. BidaskClub upgraded Kaiser Aluminum from a “hold” rating to a “buy” rating in a research note on Tuesday, May 22nd. Cowen lowered their price objective on Kaiser Aluminum from $107.00 to $97.00 and set a “market perform” rating for the company in a research note on Monday, April 30th. Finally, JPMorgan Chase & Co. upped their price objective on Kaiser Aluminum from $91.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, June 15th. Two equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $102.00.
Shares of Kaiser Aluminum opened at $104.11 on Thursday, according to MarketBeat Ratings. The firm has a market cap of $1.72 billion, a P/E ratio of 19.79, a P/E/G ratio of 1.05 and a beta of 0.65. The company has a quick ratio of 2.74, a current ratio of 3.70 and a debt-to-equity ratio of 0.49. Kaiser Aluminum has a 12 month low of $86.24 and a 12 month high of $116.86.
Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings data on Wednesday, April 25th. The industrial products company reported $1.60 EPS for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.06. The firm had revenue of $388.00 million during the quarter, compared to the consensus estimate of $392.66 million. Kaiser Aluminum had a return on equity of 11.60% and a net margin of 2.45%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.52 EPS. equities analysts forecast that Kaiser Aluminum will post 6.51 earnings per share for the current fiscal year.
In other news, VP John Barneson sold 7,000 shares of the stock in a transaction on Wednesday, June 13th. The stock was sold at an average price of $112.53, for a total value of $787,710.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jack A. Hockema sold 9,000 shares of the stock in a transaction on Friday, May 25th. The stock was sold at an average price of $108.64, for a total value of $977,760.00. The disclosure for this sale can be found here. In the last three months, insiders sold 20,400 shares of company stock valued at $2,242,630. Company insiders own 3.20% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in shares of Kaiser Aluminum by 2.3% in the first quarter. Principal Financial Group Inc. now owns 143,854 shares of the industrial products company’s stock worth $14,515,000 after purchasing an additional 3,201 shares in the last quarter. Xact Kapitalforvaltning AB boosted its stake in Kaiser Aluminum by 97.5% during the first quarter. Xact Kapitalforvaltning AB now owns 5,065 shares of the industrial products company’s stock valued at $511,000 after buying an additional 2,500 shares in the last quarter. Royal Bank of Canada boosted its stake in Kaiser Aluminum by 8.2% during the first quarter. Royal Bank of Canada now owns 51,817 shares of the industrial products company’s stock valued at $5,227,000 after buying an additional 3,919 shares in the last quarter. Robecosam AG boosted its stake in Kaiser Aluminum by 77.9% during the first quarter. Robecosam AG now owns 290,000 shares of the industrial products company’s stock valued at $29,261,000 after buying an additional 127,000 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Kaiser Aluminum during the first quarter valued at about $268,000.
Kaiser Aluminum Company Profile
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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