Kaiser Aluminum Corp. (KALU) Sees Unusually-High Trading Volume
Shares of Kaiser Aluminum Corp. (NASDAQ:KALU) saw unusually-high trading volume on Friday . Approximately 130,060 shares changed hands during trading, an increase of 2% from the previous session’s volume of 127,835 shares.The stock last traded at $85.67 and had previously closed at $85.17.
KALU has been the topic of several research analyst reports. Credit Suisse Group AG set a $85.00 price target on Kaiser Aluminum Corp. and gave the company a “hold” rating in a report on Wednesday, July 20th. Bank of America Corp. reissued a “buy” rating on shares of Kaiser Aluminum Corp. in a report on Friday, June 17th. Zacks Investment Research raised 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. Finally, Goldman Sachs Group Inc. initiated coverage on Kaiser Aluminum Corp. in a report on Thursday, May 19th. They set a “sell” rating on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $90.33.
The company has a 50-day moving average price of $86.05 and a 200 day moving average price of $85.01. The company has a market cap of $1.50 billion and a P/E ratio of 17.02.
Kaiser Aluminum Corp. (NASDAQ:KALU) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by $0.36. The company had revenue of $335 million for the quarter, compared to the consensus estimate of $351.72 million. During the same period last year, the business earned $1.27 earnings per share. The firm’s quarterly revenue was down 8.8% compared to the same quarter last year. Equities analysts anticipate that Kaiser Aluminum Corp. will post $5.23 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Monday, July 25th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.14%. The ex-dividend date was Thursday, July 21st.
A hedge fund recently bought a new stake in Kaiser Aluminum Corp. stock. Airain ltd purchased a new stake in Kaiser Aluminum Corp. (NASDAQ:KALU) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,059 shares of the company’s stock, valued at approximately $1,009,000. Airain ltd owned approximately 0.07% of Kaiser Aluminum Corp. as of its most recent SEC filing.
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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