BidaskClub upgraded shares of Kaiser Aluminum (NASDAQ:KALU) from a hold rating to a buy rating in a research report released on Friday morning.
KALU has been the topic of several other reports. Zacks Investment Research downgraded Kaiser Aluminum from a buy rating to a hold rating in a research report on Saturday, August 4th. Credit Suisse Group increased their target price on Kaiser Aluminum from $102.00 to $108.00 and gave the stock a neutral rating in a research report on Wednesday, July 25th. Morgan Stanley increased their target price on Kaiser Aluminum from $101.00 to $105.00 and gave the stock an equal weight rating in a research report on Wednesday, August 1st. Jefferies Financial Group started coverage on Kaiser Aluminum in a research report on Monday, July 16th. They set a hold rating and a $122.00 target price on the stock. Finally, Goldman Sachs Group downgraded Kaiser Aluminum from a neutral rating to a sell rating and reduced their target price for the stock from $105.00 to $101.00 in a research report on Monday, August 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $107.63.
Shares of NASDAQ:KALU opened at $98.50 on Friday. The company has a current ratio of 3.50, a quick ratio of 2.48 and a debt-to-equity ratio of 0.49. Kaiser Aluminum has a 52-week low of $90.93 and a 52-week high of $119.66. The firm has a market capitalization of $1.61 billion, a PE ratio of 19.35, a P/E/G ratio of 1.01 and a beta of 0.70.
Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings data on Wednesday, October 17th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.55 by ($0.12). Kaiser Aluminum had a net margin of 3.41% and a return on equity of 13.23%. The company had revenue of $393.10 million during the quarter, compared to analysts’ expectations of $383.84 million. During the same quarter in the prior year, the company earned $0.90 earnings per share. The firm’s revenue was up 18.1% compared to the same quarter last year. On average, equities analysts anticipate that Kaiser Aluminum will post 6.39 EPS for the current fiscal year.
The firm also recently announced 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 annualized dividend and a yield of 2.23%. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 43.22%.
In other news, CEO Jack A. Hockema sold 6,000 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $111.91, for a total value of $671,460.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Melinda C. Ellsworth sold 1,100 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $112.23, for a total value of $123,453.00. The disclosure for this sale can be found here. Insiders have sold 8,413 shares of company stock worth $939,776 over the last quarter. 3.20% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. NEXT Financial Group Inc purchased a new position in shares of Kaiser Aluminum in the 3rd quarter worth about $117,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Kaiser Aluminum in the 2nd quarter worth about $204,000. We Are One Seven LLC purchased a new position in shares of Kaiser Aluminum in the 3rd quarter worth about $218,000. Jane Street Group LLC purchased a new position in shares of Kaiser Aluminum in the 1st quarter worth about $268,000. Finally, GAM Holding AG purchased a new position in shares of Kaiser Aluminum in the 2nd quarter worth about $284,000. Institutional investors own 99.87% of the company’s stock.
Kaiser Aluminum Company Profile
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.
Featured Article: Buyback For Investors Defined
Receive News & Ratings for Kaiser Aluminum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kaiser Aluminum and related companies with MarketBeat.com's FREE daily email newsletter.