Shares of Kaiser Aluminum Corporation (NASDAQ:KALU) have received an average recommendation of “Buy” from the nine ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $95.57.
Several research analysts have recently issued reports on KALU shares. BidaskClub upgraded Kaiser Aluminum Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Deutsche Bank AG restated a “buy” rating on shares of Kaiser Aluminum Corporation in a research note on Saturday, June 24th. Zacks Investment Research cut Kaiser Aluminum Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Bank of America Corporation raised their price objective on Kaiser Aluminum Corporation from $79.00 to $85.00 and gave the stock an “underperform” rating in a research note on Friday, July 21st. Finally, Morgan Stanley restated an “equal weight” rating and issued a $87.00 price objective (up from $80.00) on shares of Kaiser Aluminum Corporation in a research note on Tuesday, July 25th.
In related news, Director Carolyn Bartholomew sold 1,000 shares of Kaiser Aluminum Corporation stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $92.00, for a total transaction of $92,000.00. Following the completion of the transaction, the director now directly owns 14,344 shares in the company, valued at $1,319,648. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jack A. Hockema sold 9,000 shares of Kaiser Aluminum Corporation stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $91.18, for a total value of $820,620.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,714 shares of company stock valued at $2,036,826. 3.00% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. Los Angeles Capital Management & Equity Research Inc. raised its position in Kaiser Aluminum Corporation by 12.0% during the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 47,456 shares of the industrial products company’s stock valued at $3,792,000 after acquiring an additional 5,074 shares in the last quarter. Prudential Financial Inc. raised its position in Kaiser Aluminum Corporation by 13.0% during the first quarter. Prudential Financial Inc. now owns 35,319 shares of the industrial products company’s stock valued at $2,822,000 after acquiring an additional 4,060 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Kaiser Aluminum Corporation by 8.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 121,074 shares of the industrial products company’s stock valued at $9,674,000 after acquiring an additional 9,731 shares in the last quarter. Keybank National Association OH purchased a new position in Kaiser Aluminum Corporation during the first quarter valued at approximately $1,042,000. Finally, Victory Capital Management Inc. raised its position in Kaiser Aluminum Corporation by 36,359.9% during the first quarter. Victory Capital Management Inc. now owns 498,407 shares of the industrial products company’s stock valued at $39,823,000 after acquiring an additional 497,040 shares in the last quarter. Institutional investors own 98.04% of the company’s stock.
Kaiser Aluminum Corporation (NASDAQ:KALU) traded down 0.92% during midday trading on Friday, hitting $95.87. The company’s stock had a trading volume of 63,211 shares. Kaiser Aluminum Corporation has a one year low of $69.41 and a one year high of $99.70. The company’s 50-day moving average is $96.40 and its 200 day moving average is $86.61. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 21.06 and a beta of 0.54.
Kaiser Aluminum Corporation (NASDAQ:KALU) last released its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.46. Kaiser Aluminum Corporation had a return on equity of 11.71% and a net margin of 5.87%. The company had revenue of $356.00 million during the quarter, compared to analysts’ expectations of $349.62 million. During the same period last year, the business posted $1.02 earnings per share. The firm’s revenue was up 6.3% compared to the same quarter last year. On average, analysts predict that Kaiser Aluminum Corporation will post $5.47 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Thursday, July 27th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Tuesday, July 25th. Kaiser Aluminum Corporation’s payout ratio is 44.44%.
Kaiser Aluminum Corporation Company Profile
Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The Company operates in the Fabricated Products segment. The Company’s Fabricated Products segment focuses on producing rolled, extruded and drawn aluminum products used principally for aerospace and defense, automotive and general engineering products that include consumer durables, electronics, electrical and machinery and equipment applications.
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