Shares of Kaiser Aluminum Corp. (NASDAQ:KALU) saw unusually-strong trading volume on Wednesday . Approximately 156,849 shares traded hands 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.

Several analysts have weighed in on KALU shares. Deutsche Bank AG reiterated a “buy” rating on shares of Kaiser Aluminum Corp. in a research note on Thursday, March 24th. Cowen and Company boosted their target price on shares of Kaiser Aluminum Corp. from $86.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, April 22nd. Zacks Investment Research upgraded shares of Kaiser Aluminum Corp. from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research note on Wednesday, May 4th. Goldman Sachs Group Inc. initiated coverage on shares of Kaiser Aluminum Corp. in a report on Thursday, May 19th. They set a “sell” rating for the company. Finally, Bank of America Corp. reissued a “buy” rating on shares of Kaiser Aluminum Corp. in a report on Friday, June 17th. One equities 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. The stock presently has a consensus rating of “Hold” and an average target price of $90.33.

The firm has a 50 day moving average of $89.14 and a 200-day moving average of $83.84. The company has a market capitalization of $1.52 billion and a price-to-earnings ratio of 17.12.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, July 25th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, July 21st. This represents a $1.80 annualized dividend and a dividend yield of 2.15%.

In other news, CEO Jack A. Hockema sold 8,037 shares of the stock in a transaction that occurred on Wednesday, May 4th. The stock was sold at an average price of $90.70, for a total value of $728,955.90. Following the completion of the sale, the chief executive officer now directly owns 41,406 shares of the company’s stock, valued at $3,755,524.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Daniel J. Rinkenberger sold 803 shares of the stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of $90.05, for a total value of $72,310.15. Following the completion of the sale, the chief financial officer now directly owns 71,700 shares of the company’s stock, valued at $6,456,585. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently modified their holdings of the company. Comerica Bank raised its position in shares of Kaiser Aluminum Corp. by 3.0% in the fourth quarter. Comerica Bank now owns 18,521 shares of the company’s stock worth $1,459,000 after buying an additional 542 shares during the last quarter. OppenheimerFunds Inc. raised 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 last quarter. Mutual of America Capital Management LLC raised 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 last quarter. Aberdeen Asset Management PLC UK raised its position in shares of Kaiser Aluminum Corp. by 22.6% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 123,565 shares of the company’s stock worth $10,117,000 after buying an additional 22,765 shares during the last quarter. Finally, TD Asset Management Inc. raised its position in shares of Kaiser Aluminum Corp. by 13.2% in the fourth quarter. TD Asset Management Inc. now owns 28,300 shares of the company’s stock worth $2,368,000 after buying an additional 3,300 shares during the last quarter.

Kaiser Aluminum Corporation is engaged in the production of semi-fabricated specialty aluminum products. The Company manufactures aluminum plate and sheet, and extruded and drawn products, primarily used in aerospace/high strength, automotive, general engineering and other industrial end market applications.

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