Kaiser Aluminum (KALU) Receives Consensus Rating of “Hold” from Brokerages

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.

Hedge funds have recently added to or reduced their stakes in the stock. OppenheimerFunds Inc. lifted its stake in shares of Kaiser Aluminum by 3.3% in the 4th quarter. OppenheimerFunds Inc. now owns 262,677 shares of the industrial products company’s stock valued at $28,067,000 after purchasing an additional 8,450 shares during the last quarter. Pinebridge Investments L.P. lifted its stake in shares of Kaiser Aluminum by 77.3% in the 4th quarter. Pinebridge Investments L.P. now owns 26,851 shares of the industrial products company’s stock valued at $2,869,000 after purchasing an additional 11,703 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Kaiser Aluminum by 223.0% in the 4th quarter. Arizona State Retirement System now owns 28,411 shares of the industrial products company’s stock valued at $3,036,000 after purchasing an additional 19,616 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Kaiser Aluminum by 3.0% in the 4th quarter. BlackRock Inc. now owns 2,152,997 shares of the industrial products company’s stock valued at $230,049,000 after purchasing an additional 63,184 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Kaiser Aluminum in the 4th quarter valued at $254,000.

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.

Analyst Recommendations for Kaiser Aluminum (NASDAQ:KALU)

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.



Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit