Analysts Set Kaiser Aluminum Corp. (KALU) PT at $105.14

Kaiser Aluminum Corp. (NASDAQ:KALU) has earned an average rating of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and nine have issued a hold recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $105.14.

KALU has been the topic of a number of research reports. BidaskClub lowered shares of Kaiser Aluminum from a “buy” rating to a “hold” rating in a research note on Tuesday, June 26th. ValuEngine cut shares of Kaiser Aluminum from a “buy” rating to a “hold” rating in a research report on Thursday, June 28th. Zacks Investment Research cut shares of Kaiser Aluminum from a “hold” rating to a “sell” rating in a research report on Wednesday, July 4th. Jefferies Financial Group started coverage on shares of Kaiser Aluminum in a research report on Monday, July 16th. They set a “hold” rating and a $122.00 price target for the company. Finally, Credit Suisse Group lifted their price target on shares of Kaiser Aluminum from $102.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, July 25th.

In other Kaiser Aluminum news, CEO Jack A. Hockema sold 6,000 shares of Kaiser Aluminum stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $111.91, for a total value of $671,460.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jack Quinn sold 1,313 shares of Kaiser Aluminum stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $110.33, for a total transaction of $144,863.29. Following the completion of the transaction, the director now directly owns 8,789 shares of the company’s stock, valued at $969,690.37. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,413 shares of company stock valued at $939,776. 3.20% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. American Century Companies Inc. raised its holdings in shares of Kaiser Aluminum by 5.9% during the second quarter. American Century Companies Inc. now owns 82,119 shares of the industrial products company’s stock valued at $8,549,000 after purchasing an additional 4,606 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Kaiser Aluminum by 39.9% during the second quarter. SG Americas Securities LLC now owns 7,887 shares of the industrial products company’s stock valued at $821,000 after purchasing an additional 2,249 shares during the last quarter. Macquarie Group Ltd. raised its holdings in shares of Kaiser Aluminum by 10.5% during the second quarter. Macquarie Group Ltd. now owns 539,496 shares of the industrial products company’s stock valued at $56,167,000 after purchasing an additional 51,451 shares during the last quarter. Capital Fund Management S.A. raised its holdings in shares of Kaiser Aluminum by 24.1% during the second quarter. Capital Fund Management S.A. now owns 3,600 shares of the industrial products company’s stock valued at $375,000 after purchasing an additional 700 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Kaiser Aluminum by 8.2% during the first quarter. Royal Bank of Canada now owns 51,817 shares of the industrial products company’s stock valued at $5,227,000 after purchasing an additional 3,919 shares during the last quarter. 99.81% of the stock is owned by institutional investors and hedge funds.

Shares of KALU traded down $5.35 during trading hours on Monday, reaching $102.28. 1,286 shares of the company traded hands, compared to its average volume of 116,383. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 1.11 and a beta of 0.70. The company has a current ratio of 3.63, a quick ratio of 2.72 and a debt-to-equity ratio of 0.49. Kaiser Aluminum has a 12 month low of $90.93 and a 12 month high of $119.66.

Kaiser Aluminum (NASDAQ:KALU) last announced its earnings results on Wednesday, October 17th. The industrial products company reported $1.43 earnings per share for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.12). The company had revenue of $393.10 million for the quarter, compared to the consensus estimate of $383.84 million. Kaiser Aluminum had a net margin of 3.43% and a return on equity of 12.03%. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.90 EPS. On average, research analysts forecast that Kaiser Aluminum will post 6.52 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, October 25th will be given a dividend of $0.55 per share. The ex-dividend date is Wednesday, October 24th. This represents a $2.20 dividend on an annualized basis and a yield of 2.15%. Kaiser Aluminum’s dividend payout ratio (DPR) is currently 43.22%.

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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Analyst Recommendations for Kaiser Aluminum (NASDAQ:KALU)

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