Kaiser Aluminum Corp. (NASDAQ:KALU)’s share price was down 2.3% during trading on Friday . The stock traded as low as $83.48 and last traded at $83.57, with a volume of 54,743 shares changing hands. The stock had previously closed at $85.53.

Several equities analysts recently commented on KALU shares. Zacks Investment Research upgraded shares of Kaiser Aluminum Corp. from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a report on Wednesday, May 4th. Deutsche Bank AG cut their price target on shares of Kaiser Aluminum Corp. from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, April 25th. Cowen and Company reiterated a “buy” rating on shares of Kaiser Aluminum Corp. in a report on Saturday, April 23rd. Bank of America Corp. reiterated a “buy” rating on shares of Kaiser Aluminum Corp. in a report on Friday, June 17th. Finally, Credit Suisse Group AG set a $85.00 price target on shares of Kaiser Aluminum Corp. and gave the company a “hold” rating in a report on Wednesday, July 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $90.33.

The company has a market cap of $1.49 billion and a price-to-earnings ratio of 16.88. The company has a 50-day moving average price of $87.23 and a 200 day moving average price of $84.38.

Kaiser Aluminum Corp. (NASDAQ:KALU) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $1.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by $0.36. The firm had revenue of $335 million for the quarter, compared to analysts’ expectations of $351.72 million. During the same quarter in the prior year, the company posted $1.27 earnings per share. The company’s quarterly revenue was down 8.8% on a year-over-year basis. Analysts anticipate that Kaiser Aluminum Corp. will post $5.23 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, July 25th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Thursday, July 21st.

Several institutional investors have bought and sold shares of KALU. Morgan Stanley increased its position in Kaiser Aluminum Corp. by 23.6% in the fourth quarter. Morgan Stanley now owns 132,281 shares of the company’s stock valued at $11,066,000 after buying an additional 25,245 shares in the last quarter. Airain ltd acquired a new position in Kaiser Aluminum Corp. during the fourth quarter valued at $1,009,000. Bank of Montreal Can increased its position in Kaiser Aluminum Corp. by 82.1% in the fourth quarter. Bank of Montreal Can now owns 18,163 shares of the company’s stock valued at $1,520,000 after buying an additional 8,188 shares in the last quarter. California Public Employees Retirement System increased its position in Kaiser Aluminum Corp. by 7.3% in the fourth quarter. California Public Employees Retirement System now owns 48,630 shares of the company’s stock valued at $4,068,000 after buying an additional 3,300 shares in the last quarter. Finally, Rhumbline Advisers increased its position in Kaiser Aluminum Corp. by 2.8% in the fourth quarter. Rhumbline Advisers now owns 29,502 shares of the company’s stock valued at $2,468,000 after buying an additional 805 shares in 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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