Kaiser Aluminum (KALU) Upgraded by BidaskClub to Buy

BidaskClub upgraded shares of Kaiser Aluminum (NASDAQ:KALU) from a hold rating to a buy rating in a report released on Friday.

A number of other brokerages also recently commented on KALU. Goldman Sachs Group downgraded Kaiser Aluminum from a neutral rating to a sell rating and reduced their price objective for the stock from $105.00 to $101.00 in a research report on Monday, August 13th. Jefferies Financial Group upgraded Kaiser Aluminum from a hold rating to a buy rating and set a $123.00 target price on the stock in a research report on Tuesday, October 23rd. Finally, Zacks Investment Research upgraded Kaiser Aluminum from a sell rating to a hold rating in a research report on Thursday, October 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $107.75.

Shares of Kaiser Aluminum stock opened at $91.95 on Friday. Kaiser Aluminum has a one year low of $86.62 and a one year high of $119.66. The company has a market cap of $1.52 billion, a P/E ratio of 18.06, a P/E/G ratio of 0.97 and a beta of 0.89. The company has a current ratio of 3.50, a quick ratio of 2.48 and a debt-to-equity ratio of 0.49.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings data on Wednesday, October 17th. The industrial products company reported $1.43 EPS for the quarter, missing the Zacks’ consensus estimate of $1.55 by ($0.12). Kaiser Aluminum had a return on equity of 13.23% and a net margin of 3.41%. The company had revenue of $393.10 million for the quarter, compared to analysts’ expectations of $383.84 million. During the same quarter in the previous year, the business posted $0.90 EPS. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. On average, research analysts predict that Kaiser Aluminum will post 6.31 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Thursday, October 25th were given a $0.55 dividend. The ex-dividend date was Wednesday, October 24th. This represents a $2.20 dividend on an annualized basis and a yield of 2.39%. Kaiser Aluminum’s dividend payout ratio is currently 43.22%.

In other Kaiser Aluminum news, VP Melinda C. Ellsworth sold 1,100 shares of Kaiser Aluminum stock in a transaction on Wednesday, November 21st. The stock was sold at an average price of $95.36, for a total value of $104,896.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jack A. Hockema sold 1,500 shares of Kaiser Aluminum stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $100.41, for a total value of $150,615.00. The disclosure for this sale can be found here. Insiders sold 7,100 shares of company stock worth $675,586 in the last 90 days. Company insiders own 3.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of KALU. NEXT Financial Group Inc purchased a new stake in shares of Kaiser Aluminum in the 3rd quarter valued at $117,000. BlueMountain Capital Management LLC purchased a new stake in shares of Kaiser Aluminum in the 3rd quarter valued at $121,000. Engineers Gate Manager LP purchased a new stake in shares of Kaiser Aluminum in the 3rd quarter valued at $203,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Kaiser Aluminum in the 2nd quarter valued at $204,000. Finally, Paloma Partners Management Co purchased a new stake in shares of Kaiser Aluminum in the 3rd quarter valued at $207,000. Hedge funds and other institutional investors own 99.32% of the company’s stock.

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.

Further Reading: Return on Equity (ROE)

Analyst Recommendations for Kaiser Aluminum (NASDAQ:KALU)

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