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.
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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