Kaiser Aluminum Corp. (NASDAQ:KALU) EVP John Malcolm Donnan sold 6,783 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of $107.10, for a total transaction of $726,459.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Kaiser Aluminum Corp. (NASDAQ KALU) traded down $2.06 during midday trading on Wednesday, reaching $105.19. 89,655 shares of the company traded hands, compared to its average volume of 121,145. The company has a market capitalization of $1,792.08, a price-to-earnings ratio of 20.93, a PEG ratio of 1.10 and a beta of 0.63. Kaiser Aluminum Corp. has a fifty-two week low of $76.73 and a fifty-two week high of $116.86. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.59 and a current ratio of 3.79.
Kaiser Aluminum (NASDAQ:KALU) last issued its earnings results on Wednesday, February 21st. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.26 by ($0.04). The company had revenue of $353.00 million for the quarter, compared to the consensus estimate of $348.95 million. Kaiser Aluminum had a return on equity of 11.35% and a net margin of 3.25%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.27 earnings per share. equities analysts anticipate that Kaiser Aluminum Corp. will post 6.46 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in Kaiser Aluminum by 3.0% during the fourth quarter. BlackRock Inc. now owns 2,152,997 shares of the industrial products company’s stock worth $230,049,000 after acquiring an additional 63,184 shares in the last quarter. Standard Life Aberdeen plc boosted its stake in Kaiser Aluminum by 4.0% during the fourth quarter. Standard Life Aberdeen plc now owns 631,863 shares of the industrial products company’s stock worth $67,565,000 after acquiring an additional 24,030 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Kaiser Aluminum by 22.4% during the fourth quarter. Victory Capital Management Inc. now owns 548,604 shares of the industrial products company’s stock worth $58,618,000 after acquiring an additional 100,461 shares in the last quarter. Macquarie Group Ltd. boosted its stake in Kaiser Aluminum by 3.4% during the fourth quarter. Macquarie Group Ltd. now owns 456,255 shares of the industrial products company’s stock worth $48,751,000 after acquiring an additional 15,026 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Kaiser Aluminum by 4.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 350,614 shares of the industrial products company’s stock worth $37,463,000 after acquiring an additional 14,436 shares in the last quarter.
Several research firms have recently weighed in on KALU. Credit Suisse Group reiterated a “neutral” rating and set a $102.00 price objective (up from $95.00) on shares of Kaiser Aluminum in a research report on Friday, February 23rd. Morgan Stanley increased their price objective on shares of Kaiser Aluminum from $87.00 to $101.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 16th. BidaskClub upgraded shares of Kaiser Aluminum from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Zacks Investment Research upgraded shares of Kaiser Aluminum from a “hold” rating to a “buy” rating and set a $117.00 price objective for the company in a research report on Thursday, March 1st. Finally, Cowen reiterated a “hold” rating and set a $107.00 price objective on shares of Kaiser Aluminum in a research report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $103.43.
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Kaiser Aluminum 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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