Kaiser Aluminum Corp. (NASDAQ:KALU) has earned a consensus rating of “Hold” from the six brokerages that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $94.50.
Several analysts have commented on KALU shares. JPMorgan Chase & Co. reduced their price objective on Kaiser Aluminum from $105.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, April 17th. ValuEngine downgraded Kaiser Aluminum from a “hold” rating to a “sell” rating in a research note on Wednesday, April 29th. Zacks Investment Research raised Kaiser Aluminum from a “sell” rating to a “hold” rating in a research note on Wednesday, June 24th. Finally, BidaskClub raised Kaiser Aluminum from a “strong sell” rating to a “sell” rating in a research note on Thursday, May 28th.
NASDAQ:KALU opened at $73.40 on Wednesday. The stock has a 50-day simple moving average of $71.51 and a 200-day simple moving average of $86.13. The stock has a market cap of $1.16 billion, a P/E ratio of 18.82 and a beta of 1.11. Kaiser Aluminum has a 1 year low of $54.54 and a 1 year high of $117.06. The company has a debt-to-equity ratio of 0.72, a quick ratio of 3.07 and a current ratio of 4.05.
Kaiser Aluminum (NASDAQ:KALU) last posted its earnings results on Monday, April 20th. The industrial products company reported $1.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $0.32. Kaiser Aluminum had a return on equity of 15.08% and a net margin of 4.21%. The business had revenue of $369.00 million during the quarter, compared to the consensus estimate of $386.89 million. During the same period in the previous year, the business earned $1.85 EPS. The business’s quarterly revenue was down 4.2% on a year-over-year basis. On average, equities research analysts predict that Kaiser Aluminum will post 2.92 EPS for the current year.
In other news, COO Keith Harvey sold 1,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $71.36, for a total transaction of $71,360.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jack A. Hockema sold 3,000 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $73.42, for a total value of $220,260.00. The disclosure for this sale can be found here. Insiders sold 8,254 shares of company stock worth $637,813 over the last three months. 1.40% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in KALU. Macquarie Group Ltd. grew its stake in Kaiser Aluminum by 0.8% in the fourth quarter. Macquarie Group Ltd. now owns 764,955 shares of the industrial products company’s stock worth $84,826,000 after purchasing an additional 6,156 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Kaiser Aluminum by 9.6% in the first quarter. Victory Capital Management Inc. now owns 597,382 shares of the industrial products company’s stock valued at $41,387,000 after acquiring an additional 52,270 shares during the period. Goldman Sachs Group Inc. boosted its stake in Kaiser Aluminum by 2.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 450,019 shares of the industrial products company’s stock valued at $49,903,000 after acquiring an additional 8,724 shares during the period. Invesco Ltd. boosted its stake in Kaiser Aluminum by 43.3% in the first quarter. Invesco Ltd. now owns 447,741 shares of the industrial products company’s stock valued at $31,020,000 after acquiring an additional 135,317 shares during the period. Finally, Amundi Pioneer Asset Management Inc. boosted its stake in Kaiser Aluminum by 9.2% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 352,495 shares of the industrial products company’s stock valued at $39,089,000 after acquiring an additional 29,561 shares during the period. Institutional investors own 98.76% of the company’s stock.
About Kaiser Aluminum
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.
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