Headlines about Kaiser Aluminum Corporation (NASDAQ:KALU) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Kaiser Aluminum Corporation earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 62 out of 100, meaning that recent media coverage is somewhat likely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Kaiser Aluminum Corporation (NASDAQ:KALU) Experiences Lighter than Usual Trading Volume (highlightpress.com)
- How Kaiser Aluminum (KALU) Stock Stands Out in a Strong Industry (finance.yahoo.com)
- Form 4 KAISER ALUMINUM CORP For: Jul 24 Filed by: Miller Del L (streetinsider.com)
- Insider Trading Activity Kaiser Aluminum Corporation (NASDAQ:KALU) – VP Sold 1,282 shares of Stock (4-traders.com)
- Kaiser Aluminum Corporation (NASDAQ:KALU) VP Del L. Miller Sells 1,282 Shares (americanbankingnews.com)
Shares of Kaiser Aluminum Corporation (NASDAQ KALU) traded down 2.40% during midday trading on Friday, reaching $94.39. The company had a trading volume of 141,075 shares. The company has a market capitalization of $1.60 billion, a P/E ratio of 20.73 and a beta of 0.52. Kaiser Aluminum Corporation has a 52 week low of $69.41 and a 52 week high of $98.72. The company’s 50 day moving average price is $90.12 and its 200-day moving average price is $82.92.
Kaiser Aluminum Corporation (NASDAQ:KALU) last issued its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $1.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 million for the quarter, compared to the consensus estimate of $349.62 million. During the same quarter in the prior year, the business earned $1.02 EPS. Kaiser Aluminum Corporation’s revenue was up 6.3% on a year-over-year basis. On average, equities research analysts predict that Kaiser Aluminum Corporation will post $5.44 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Thursday, July 27th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, July 25th. This represents a $2.00 annualized dividend and a yield of 2.12%. Kaiser Aluminum Corporation’s dividend payout ratio (DPR) is 44.44%.
Kaiser Aluminum Corporation announced that its Board of Directors has authorized a stock buyback program on Monday, April 17th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to buy up to 7.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.
A number of equities analysts have recently issued reports on KALU shares. BidaskClub raised Kaiser Aluminum Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Deutsche Bank AG reissued a “buy” rating on shares of Kaiser Aluminum Corporation in a research report on Saturday, June 24th. Zacks Investment Research raised Kaiser Aluminum Corporation from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a research report on Friday. Morgan Stanley reissued an “equal weight” rating and set a $87.00 price target (up previously from $80.00) on shares of Kaiser Aluminum Corporation in a research report on Tuesday, July 25th. Finally, Cowen and Company increased their price target on Kaiser Aluminum Corporation from $90.00 to $92.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $95.43.
In other Kaiser Aluminum Corporation news, Director Carolyn Bartholomew sold 1,000 shares of the company’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $92.00, for a total transaction of $92,000.00. Following the sale, the director now owns 14,344 shares in the company, valued at approximately $1,319,648. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jack A. Hockema sold 9,000 shares of the company’s stock in a transaction dated Monday, July 10th. The stock was 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. In the last 90 days, insiders have sold 13,282 shares of company stock worth $1,198,230. 3.00% of the stock is owned by company insiders.
About Kaiser Aluminum Corporation
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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