Kaiser Aluminum Corp. (NASDAQ:KALU) had its price objective raised by Cowen and Company from $90.00 to $92.00 in a research note published on Wednesday, April 19th. The firm currently has a market perform rating on the industrial products company’s stock.
A number of other equities analysts have also weighed in on KALU. Sidoti upgraded Kaiser Aluminum Corp. from a neutral rating to a buy rating and set a $109.00 target price on the stock in a research note on Monday, March 20th. TheStreet upgraded Kaiser Aluminum Corp. from a c rating to a b- rating in a research note on Tuesday, February 21st. Zacks Investment Research lowered Kaiser Aluminum Corp. from a hold rating to a sell rating in a research note on Tuesday, February 21st. Finally, Bank of America Corp reiterated an underperform rating and set a $77.00 target price on shares of Kaiser Aluminum Corp. in a research note on Thursday, January 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $92.14.
Shares of Kaiser Aluminum Corp. (NASDAQ:KALU) traded down 0.54% on Wednesday, hitting $81.69. 67,486 shares of the stock traded hands. Kaiser Aluminum Corp. has a one year low of $69.41 and a one year high of $94.65. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 14.39 and a beta of 0.57. The company’s 50 day moving average is $80.60 and its 200 day moving average is $79.67.
Kaiser Aluminum Corp. (NASDAQ:KALU) last released its quarterly earnings data on Wednesday, April 19th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.40. Kaiser Aluminum Corp. had a return on equity of 9.46% and a net margin of 6.12%. The company had revenue of $355.30 million during the quarter, compared to analysts’ expectations of $353.30 million. During the same period last year, the firm posted $1.51 earnings per share. The business’s revenue was up 3.5% on a year-over-year basis. On average, equities analysts forecast that Kaiser Aluminum Corp. will post $4.81 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, May 15th. Investors of record on Thursday, April 27th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Tuesday, April 25th. Kaiser Aluminum Corp.’s payout ratio is 45.25%.
In other Kaiser Aluminum Corp. news, COO Keith Harvey sold 4,877 shares of the business’s stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $84.59, for a total transaction of $412,545.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Ray Parkinson sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, March 29th. The stock was sold at an average price of $78.16, for a total value of $93,792.00. The disclosure for this sale can be found here. Insiders sold a total of 8,577 shares of company stock valued at $717,687 over the last ninety days. 2.80% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of KALU. Municipal Employees Retirement System of Michigan increased its position in shares of Kaiser Aluminum Corp. by 1.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,990 shares of the industrial products company’s stock worth $345,000 after buying an additional 70 shares during the last quarter. Mason Street Advisors LLC increased its position in shares of Kaiser Aluminum Corp. by 4.4% in the first quarter. Mason Street Advisors LLC now owns 4,088 shares of the industrial products company’s stock worth $327,000 after buying an additional 174 shares during the last quarter. Geneva Advisors LLC increased its position in shares of Kaiser Aluminum Corp. by 4.0% in the third quarter. Geneva Advisors LLC now owns 6,055 shares of the industrial products company’s stock worth $524,000 after buying an additional 235 shares during the last quarter. Alpha Windward LLC increased its position in Kaiser Aluminum Corp. by 4.3% in the first quarter. Alpha Windward LLC now owns 5,880 shares of the industrial products company’s stock valued at $470,000 after buying an additional 240 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in Kaiser Aluminum Corp. by 2.1% in the third quarter. UBS Asset Management Americas Inc. now owns 12,931 shares of the industrial products company’s stock valued at $1,118,000 after buying an additional 264 shares during the last quarter. 96.70% of the stock is owned by hedge funds and other institutional investors.
Kaiser Aluminum Corp. 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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