Kaiser Aluminum (NASDAQ:KALU) has earned a consensus rating of “Hold” from the ten analysts that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $99.83.
KALU has been the subject of a number of research reports. BidaskClub lowered shares of Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 3rd. Credit Suisse Group reissued a “neutral” rating and set a $102.00 target price (up previously from $95.00) on shares of Kaiser Aluminum in a research note on Friday, February 23rd. Cowen reissued a “hold” rating and set a $107.00 target price on shares of Kaiser Aluminum in a research note on Friday, February 23rd. Deutsche Bank decreased their target price on shares of Kaiser Aluminum from $107.00 to $103.00 and set a “hold” rating for the company in a research note on Tuesday, February 27th. Finally, Zacks Investment Research raised shares of Kaiser Aluminum from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a research note on Thursday, March 1st.
In related news, Director Alfred E. Osborne, Jr. sold 1,000 shares of Kaiser Aluminum stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $104.40, for a total value of $104,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jack A. Hockema sold 9,000 shares of Kaiser Aluminum stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $104.01, for a total transaction of $936,090.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,116 shares of company stock valued at $2,549,367. 3.20% of the stock is owned by company insiders.
Shares of NASDAQ:KALU opened at $106.52 on Friday. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 20.93, a P/E/G ratio of 1.07 and a beta of 0.62. Kaiser Aluminum has a 12-month low of $105.02 and a 12-month high of $105.51. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.70 and a quick ratio of 2.74.
Kaiser Aluminum (NASDAQ:KALU) last issued its earnings results on Wednesday, April 25th. The industrial products company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. The company had revenue of $388.00 million during the quarter, compared to analyst estimates of $392.66 million. Kaiser Aluminum had a net margin of 2.45% and a return on equity of 11.60%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $1.52 EPS. equities analysts forecast that Kaiser Aluminum will post 6.52 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Thursday, April 26th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Wednesday, April 25th. Kaiser Aluminum’s payout ratio is presently 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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