Kaiser Aluminum Corporation (KALU) Given Average Rating of “Hold” by Analysts
Shares of Kaiser Aluminum Corporation (NASDAQ:KALU) have been given a consensus recommendation of “Hold” by the ten brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $94.29.
Several brokerages recently issued reports on KALU. Zacks Investment Research downgraded Kaiser Aluminum Corporation from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. Credit Suisse Group raised their price target on Kaiser Aluminum Corporation from $90.00 to $95.00 and gave the stock a “neutral” rating in a report on Friday, October 20th. Deutsche Bank AG downgraded Kaiser Aluminum Corporation from a “buy” rating to a “hold” rating and set a $104.00 price target on the stock. in a report on Tuesday, October 17th. Cowen and Company set a $97.00 price target on Kaiser Aluminum Corporation and gave the stock a “hold” rating in a report on Thursday, October 12th. Finally, BidaskClub raised Kaiser Aluminum Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 22nd.
Kaiser Aluminum Corporation (NASDAQ KALU) traded up 0.08% on Friday, hitting $99.22. The stock had a trading volume of 147,910 shares. Kaiser Aluminum Corporation has a 12-month low of $71.40 and a 12-month high of $108.99. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 21.79 and a beta of 0.54. The company’s 50 day moving average price is $101.65 and its 200-day moving average price is $92.05.
Kaiser Aluminum Corporation (NASDAQ:KALU) last announced its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.19). The company had revenue of $332.80 million during the quarter, compared to the consensus estimate of $335.37 million. Kaiser Aluminum Corporation had a return on equity of 11.45% and a net margin of 6.18%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the business posted $1.02 EPS. Equities research analysts anticipate that Kaiser Aluminum Corporation will post $5.15 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, October 25th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Tuesday, October 24th. Kaiser Aluminum Corporation’s dividend payout ratio is currently 41.32%.
In related news, Director Alfred E. Osborne, Jr. sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $94.56, for a total value of $189,120.00. Following the sale, the director now directly owns 15,622 shares in the company, valued at approximately $1,477,216.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jack A. Hockema sold 5,982 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $102.66, for a total value of $614,112.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,414 shares of company stock worth $2,538,238. 3.00% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of KALU. BlackRock Inc. increased its position in Kaiser Aluminum Corporation by 12,449.4% in the 1st quarter. BlackRock Inc. now owns 2,174,693 shares of the industrial products company’s stock valued at $173,757,000 after acquiring an additional 2,157,364 shares during the period. FMR LLC increased its position in Kaiser Aluminum Corporation by 136.8% in the 2nd quarter. FMR LLC now owns 205,561 shares of the industrial products company’s stock valued at $18,196,000 after acquiring an additional 118,741 shares during the period. Macquarie Group Ltd. increased its position in Kaiser Aluminum Corporation by 30.9% in the 2nd quarter. Macquarie Group Ltd. now owns 418,863 shares of the industrial products company’s stock valued at $37,078,000 after acquiring an additional 98,855 shares during the period. JPMorgan Chase & Co. increased its position in Kaiser Aluminum Corporation by 414.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 94,571 shares of the industrial products company’s stock valued at $8,371,000 after acquiring an additional 76,192 shares during the period. Finally, Citadel Advisors LLC increased its position in Kaiser Aluminum Corporation by 1,303.4% in the 2nd quarter. Citadel Advisors LLC now owns 78,283 shares of the industrial products company’s stock valued at $6,930,000 after acquiring an additional 72,705 shares during the period. Hedge funds and other institutional investors own 98.04% of the company’s stock.
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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