Kaiser Aluminum Corp. (NASDAQ:KALU) has been assigned an average recommendation of “Hold” from the eleven ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $105.14.
A number of research analysts have weighed in on the stock. BidaskClub upgraded shares of Kaiser Aluminum from a “hold” rating to a “buy” rating in a research report on Friday. Goldman Sachs Group downgraded shares of Kaiser Aluminum from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $105.00 to $101.00 in a research report on Monday, August 13th. Zacks Investment Research downgraded shares of Kaiser Aluminum from a “buy” rating to a “hold” rating in a research report on Saturday, August 4th. Morgan Stanley upped their price objective on shares of Kaiser Aluminum from $101.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 1st. Finally, Credit Suisse Group upped their price objective on shares of Kaiser Aluminum from $102.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 25th.
NASDAQ:KALU traded up $0.88 during mid-day trading on Monday, hitting $96.69. The company’s stock had a trading volume of 204,381 shares, compared to its average volume of 122,143. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 0.99 and a beta of 0.70. Kaiser Aluminum has a 1 year low of $90.93 and a 1 year high of $119.66. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.72 and a current ratio of 3.50.
Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings data on Wednesday, October 17th. The industrial products company reported $1.43 earnings per share for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.12). The firm had revenue of $393.10 million during the quarter, compared to analyst estimates of $383.84 million. Kaiser Aluminum had a return on equity of 13.23% and a net margin of 3.41%. The company’s revenue was up 18.1% on a year-over-year basis. During the same quarter last year, the company posted $0.90 EPS. As a group, equities research analysts predict that Kaiser Aluminum will post 6.47 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, October 25th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Wednesday, October 24th. This represents a $2.20 annualized dividend and a dividend yield of 2.28%. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 43.22%.
In related news, Director Jack Quinn sold 1,313 shares of the company’s stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $110.33, for a total transaction of $144,863.29. Following the completion of the transaction, the director now owns 8,789 shares in the company, valued at approximately $969,690.37. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Melinda C. Ellsworth sold 1,100 shares of the company’s stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $112.23, for a total transaction of $123,453.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,413 shares of company stock valued at $939,776. Insiders own 3.20% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in shares of Kaiser Aluminum by 2.1% during the 2nd quarter. BlackRock Inc. now owns 2,230,561 shares of the industrial products company’s stock worth $232,223,000 after purchasing an additional 46,841 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in Kaiser Aluminum by 21,148.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 898,387 shares of the industrial products company’s stock valued at $283,000 after acquiring an additional 894,159 shares during the last quarter. Macquarie Group Ltd. raised its holdings in Kaiser Aluminum by 10.5% in the 2nd quarter. Macquarie Group Ltd. now owns 539,496 shares of the industrial products company’s stock valued at $56,167,000 after acquiring an additional 51,451 shares during the last quarter. Northern Trust Corp raised its holdings in Kaiser Aluminum by 4.7% in the 2nd quarter. Northern Trust Corp now owns 499,365 shares of the industrial products company’s stock valued at $51,989,000 after acquiring an additional 22,431 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Kaiser Aluminum by 0.6% in the 2nd quarter. Victory Capital Management Inc. now owns 497,539 shares of the industrial products company’s stock valued at $51,799,000 after acquiring an additional 3,167 shares during the last quarter. Hedge funds and other institutional investors own 99.91% of the company’s stock.
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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