Kaiser Aluminum Corporation (NASDAQ:KALU) has been given an average rating of “Hold” by the nine ratings firms that are covering the company. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $90.00.
A number of analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Kaiser Aluminum Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, October 5th. Macquarie downgraded shares of Kaiser Aluminum Corporation from an “outperform” rating to a “neutral” rating and set a $83.00 price target on the stock. in a report on Wednesday, December 14th. Finally, TheStreet downgraded shares of Kaiser Aluminum Corporation from a “buy” rating to a “hold” rating in a report on Friday, October 21st.
Kaiser Aluminum Corporation (NASDAQ:KALU) traded up 1.24% during mid-day trading on Wednesday, hitting $80.65. 36,137 shares of the stock were exchanged. The company’s 50-day moving average price is $81.62 and its 200 day moving average price is $83.17. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 17.98 and a beta of 0.60. Kaiser Aluminum Corporation has a 52 week low of $69.41 and a 52 week high of $96.06.
Kaiser Aluminum Corporation (NASDAQ:KALU) last announced its quarterly earnings results on Wednesday, October 19th. The company reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by $0.25. The company earned $321 million during the quarter, compared to the consensus estimate of $333.46 million. Kaiser Aluminum Corporation had a net margin of 6.12% and a return on equity of 9.46%. The business’s revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.07 earnings per share. Equities research analysts expect that Kaiser Aluminum Corporation will post $4.80 EPS for the current year.
In related news, VP John Barneson sold 2,334 shares of Kaiser Aluminum Corporation stock in a transaction dated Monday, December 5th. The shares were sold at an average price of $84.57, for a total transaction of $197,386.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.80% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Kaiser Aluminum Corporation by 3.8% in the second quarter. Vanguard Group Inc. now owns 1,680,846 shares of the company’s stock worth $151,966,000 after buying an additional 61,116 shares in the last quarter. State Street Corp boosted its position in Kaiser Aluminum Corporation by 13.4% in the second quarter. State Street Corp now owns 700,838 shares of the company’s stock worth $63,359,000 after buying an additional 82,626 shares in the last quarter. Macquarie Group Ltd. boosted its position in Kaiser Aluminum Corporation by 1.8% in the second quarter. Macquarie Group Ltd. now owns 611,928 shares of the company’s stock worth $55,324,000 after buying an additional 11,056 shares in the last quarter. Northern Trust Corp boosted its position in Kaiser Aluminum Corporation by 8.0% in the third quarter. Northern Trust Corp now owns 504,886 shares of the company’s stock worth $43,667,000 after buying an additional 37,433 shares in the last quarter. Finally, Huber Capital Management LLC boosted its position in Kaiser Aluminum Corporation by 3.8% in the third quarter. Huber Capital Management LLC now owns 394,461 shares of the company’s stock worth $34,117,000 after buying an additional 14,543 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.
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