Kaiser Aluminum (KALU) Lifted to “Buy” at BidaskClub

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.

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Analyst Recommendations for Kaiser Aluminum (NASDAQ:KALU)

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