Kaiser Aluminum Corp. (KALU) to Issue Dividend of $0.45 on November 15th
Kaiser Aluminum Corp. (NASDAQ:KALU) declared a dividend on Friday, October 14th. Stockholders of record on Tuesday, October 25th will be given a dividend of 0.45 per share on Tuesday, November 15th. The ex-dividend date of this dividend is Friday, October 21st.
Kaiser Aluminum Corp. (NASDAQ:KALU) opened at 80.35 on Friday. The stock’s 50 day moving average price is $84.73 and its 200-day moving average price is $86.38. Kaiser Aluminum Corp. has a 52-week low of $70.14 and a 52-week high of $96.06. The stock has a market capitalization of $1.44 billion, a PE ratio of 16.24 and a beta of 0.47.
Kaiser Aluminum Corp. (NASDAQ:KALU) last announced its earnings results on Wednesday, July 20th. The company reported $1.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by $0.36. Kaiser Aluminum Corp. had a net margin of 6.59% and a return on equity of 9.70%. The business had revenue of $335 million for the quarter, compared to analyst estimates of $351.72 million. During the same period in the prior year, the company earned $1.27 earnings per share. The company’s quarterly revenue was down 8.8% on a year-over-year basis. On average, equities analysts expect that Kaiser Aluminum Corp. will post $5.23 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of KALU. Barclays PLC increased its stake in shares of Kaiser Aluminum Corp. by 400.2% in the second quarter. Barclays PLC now owns 2,526 shares of the company’s stock worth $229,000 after buying an additional 2,021 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of Kaiser Aluminum Corp. by 2.3% in the second quarter. ProShare Advisors LLC now owns 2,568 shares of the company’s stock worth $232,000 after buying an additional 57 shares during the last quarter. Profund Advisors LLC increased its stake in shares of Kaiser Aluminum Corp. by 1.5% in the second quarter. Profund Advisors LLC now owns 3,137 shares of the company’s stock worth $284,000 after buying an additional 47 shares during the last quarter. Pacad Investment Ltd. bought a new stake in shares of Kaiser Aluminum Corp. during the second quarter worth approximately $289,000. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Kaiser Aluminum Corp. during the second quarter worth approximately $470,000. Hedge funds and other institutional investors own 98.66% of the company’s stock.
Several research analysts recently issued reports on KALU shares. Bank of America Corp. lowered Kaiser Aluminum Corp. from a “buy” rating to a “neutral” rating and reduced their target price for the company from $94.00 to $92.00 in a research report on Wednesday, July 20th. Credit Suisse Group AG set a $85.00 target price on Kaiser Aluminum Corp. and gave the company a “hold” rating in a research report on Wednesday, July 20th. Macquarie initiated coverage on Kaiser Aluminum Corp. in a report on Tuesday, September 6th. They issued an “outperform” rating on the stock. Seaport Global Securities initiated coverage on Kaiser Aluminum Corp. in a report on Friday, September 9th. They issued a “buy” rating and a $100.00 price objective on the stock. Finally, Zacks Investment Research lowered Kaiser Aluminum Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, October 5th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $91.71.
Kaiser Aluminum Corp. Company Profile
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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