Shares of Kaiser Aluminum Corp. (NASDAQ:KALU) saw unusually-strong trading volume on Wednesday . Approximately 156,849 shares were traded during trading, a decline of 7% from the previous session’s volume of 169,237 shares.The stock last traded at $86.02 and had previously closed at $88.80.

A number of equities analysts have commented on KALU shares. Deutsche Bank AG reduced their price objective on shares of Kaiser Aluminum Corp. from $100.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, April 25th. Bank of America Corp. cut shares of Kaiser Aluminum Corp. from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $94.00 to $92.00 in a research report on Wednesday. Goldman Sachs Group Inc. started coverage on shares of Kaiser Aluminum Corp. in a research report on Thursday, May 19th. They set a “sell” rating for the company. Cowen and Company lifted their price objective on shares of Kaiser Aluminum Corp. from $86.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, April 22nd. Finally, Zacks Investment Research raised shares of Kaiser Aluminum Corp. from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a research report on Wednesday, May 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $90.33.

The stock’s 50 day moving average price is $89.21 and its 200 day moving average price is $83.84. The firm has a market capitalization of $1.53 billion and a P/E ratio of 18.23.

Kaiser Aluminum Corp. (NASDAQ:KALU) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $1.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.38 by $0.36. The company earned $335 million during the quarter, compared to the consensus estimate of $351.72 million. During the same quarter last year, the company posted $1.27 earnings per share. The company’s quarterly revenue was down 8.8% compared to the same quarter last year. Equities analysts forecast that Kaiser Aluminum Corp. will post $5.34 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Monday, July 25th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, July 21st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.10%.

In related news, CAO Neal E. West sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, May 4th. The stock was sold at an average price of $92.00, for a total transaction of $276,000.00. Following the transaction, the chief accounting officer now directly owns 3,426 shares of the company’s stock, valued at approximately $315,192. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jack A. Hockema sold 8,037 shares of the firm’s stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $90.70, for a total value of $728,955.90. Following the transaction, the chief executive officer now directly owns 41,406 shares in the company, valued at $3,755,524.20. The disclosure for this sale can be found here.

Other institutional investors have recently made changes to their positions in the company. OppenheimerFunds Inc. boosted its position in shares of Kaiser Aluminum Corp. by 4.2% in the fourth quarter. OppenheimerFunds Inc. now owns 378,430 shares of the company’s stock worth $31,660,000 after buying an additional 15,113 shares during the period. Eagle Asset Management boosted its position in shares of Kaiser Aluminum Corp. by 99.0% in the third quarter. Eagle Asset Management now owns 350,154 shares of the company’s stock worth $28,098,000 after buying an additional 174,193 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of Kaiser Aluminum Corp. by 8.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 180,173 shares of the company’s stock worth $15,074,000 after buying an additional 13,652 shares during the period. Morgan Stanley boosted its position in shares of Kaiser Aluminum Corp. by 23.6% in the fourth quarter. Morgan Stanley now owns 132,281 shares of the company’s stock worth $11,066,000 after buying an additional 25,245 shares during the period. Finally, Mutual of America Capital Management LLC boosted its position in shares of Kaiser Aluminum Corp. by 9.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 131,398 shares of the company’s stock worth $10,993,000 after buying an additional 11,146 shares during the period.

Kaiser Aluminum Corporation is engaged in the production of semi-fabricated specialty aluminum products. The Company manufactures rolled, extruded and drawn aluminum products to serve fits end market applications, such as aerospace and high strength products (Aero/HS products), extrusions for automotive applications (Automotive Extrusions), general engineering products (GE products) and other industrial products (Other products).

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