Kaiser Aluminum Corp. Sets New 52-Week High at $80.36 (KALU)
Shares of Kaiser Aluminum Corp. (NASDAQ:KALU) reached a new 52-week high during trading on Friday , American Banking News.com reports. The company traded as high as $80.36 and last traded at $79.32, with a volume of 87,229 shares changing hands. The stock had previously closed at $79.43.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Kaiser Aluminum Corp. in a research note on Friday, July 25th. They now have a $85.00 price target on the stock, up previously from $80.00. Separately, analysts at Cowen and Company raised their price target on shares of Kaiser Aluminum Corp. from $76.00 to $83.00 in a research note on Friday, July 25th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks upgraded shares of Kaiser Aluminum Corp. from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 24th. They now have a $75.70 price target on the stock. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Kaiser Aluminum Corp. currently has a consensus rating of “Hold” and an average price target of $79.94.
The stock’s 50-day moving average is $74.99 and its 200-day moving average is $71.54. The company has a market cap of $1.412 billion and a price-to-earnings ratio of 16.11.
Kaiser Aluminum Corp. (NASDAQ:KALU) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.87 by $0.18. The company had revenue of $344.00 million for the quarter, compared to the consensus estimate of $334.89 million. During the same quarter last year, the company posted $0.91 earnings per share. Kaiser Aluminum Corp.’s revenue was up 2.7% compared to the same quarter last year. Analysts expect that Kaiser Aluminum Corp. will post $3.74 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 15th. Investors of record on Friday, July 25th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Wednesday, July 23rd.
In other Kaiser Aluminum Corp. news, CEO Jack A. Hockema unloaded 5,000 shares of the company’s stock on the open market in a transaction dated Friday, August 1st. The stock was sold at an average price of $77.04, for a total value of $385,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Kaiser Aluminum Corporation is engaged in the production of semi-fabricated specialty aluminum products and operates in fabricated products segment.
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