Kaiser Aluminum (KALU) Upgraded by BidaskClub to “Buy”
BidaskClub upgraded shares of Kaiser Aluminum (NASDAQ:KALU) from a hold rating to a buy rating in a report released on Thursday morning.
Several other equities analysts have also commented on KALU. Zacks Investment Research lowered shares of Kaiser Aluminum from a buy rating to a hold rating in a report on Monday, October 2nd. Cowen set a $97.00 target price on shares of Kaiser Aluminum and gave the company a hold rating in a report on Thursday, October 12th. Deutsche Bank lowered shares of Kaiser Aluminum from a buy rating to a hold rating and set a $104.00 target price on the stock. in a report on Tuesday, October 17th. Credit Suisse Group raised their target price on shares of Kaiser Aluminum from $90.00 to $95.00 and gave the company a neutral rating in a report on Friday, October 20th. Finally, Morgan Stanley raised their target price on shares of Kaiser Aluminum from $87.00 to $101.00 and gave the company an equal weight rating in a report on Thursday, November 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Kaiser Aluminum presently has an average rating of Hold and a consensus price target of $99.00.
Shares of Kaiser Aluminum (NASDAQ KALU) traded up $0.74 during trading on Thursday, reaching $100.16. 170,900 shares of the company’s stock traded hands, compared to its average volume of 147,110. The company has a quick ratio of 2.55, a current ratio of 3.75 and a debt-to-equity ratio of 0.47. Kaiser Aluminum has a twelve month low of $74.56 and a twelve month high of $108.99. The firm has a market cap of $1,693.08, a PE ratio of 19.41, a price-to-earnings-growth ratio of 1.32 and a beta of 0.54.
Kaiser Aluminum (NASDAQ:KALU) last released its earnings results on Wednesday, October 18th. The industrial products company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.19). Kaiser Aluminum had a net margin of 6.18% and a return on equity of 11.45%. The firm had revenue of $332.80 million during the quarter, compared to the consensus estimate of $335.37 million. During the same period in the prior year, the business earned $1.02 earnings per share. Kaiser Aluminum’s quarterly revenue was up 3.8% compared to the same quarter last year. equities analysts forecast that Kaiser Aluminum will post 5.04 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, October 25th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Tuesday, October 24th. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 41.32%.
In related news, CEO Jack A. Hockema sold 5,982 shares of Kaiser Aluminum stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $102.66, for a total transaction of $614,112.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Melinda C. Ellsworth sold 1,000 shares of Kaiser Aluminum stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $99.48, for a total transaction of $99,480.00. The disclosure for this sale can be found here. Insiders have sold a total of 15,982 shares of company stock worth $1,637,622 over the last ninety days. 3.00% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the stock. GSA Capital Partners LLP acquired a new stake in Kaiser Aluminum during the 3rd quarter worth approximately $576,000. Sterling Capital Management LLC acquired a new stake in Kaiser Aluminum during the 3rd quarter worth approximately $1,156,000. California Public Employees Retirement System boosted its position in Kaiser Aluminum by 6.2% during the 3rd quarter. California Public Employees Retirement System now owns 41,852 shares of the industrial products company’s stock worth $4,317,000 after buying an additional 2,452 shares during the period. Caxton Associates LP acquired a new stake in Kaiser Aluminum during the 3rd quarter worth approximately $268,000. Finally, Vident Investment Advisory LLC acquired a new stake in Kaiser Aluminum during the 3rd quarter worth approximately $2,751,000. Institutional investors and hedge funds own 98.03% of the company’s stock.
About Kaiser Aluminum
Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The Company operates in the Fabricated Products segment. The Company’s Fabricated Products segment focuses on producing rolled, extruded and drawn aluminum products used principally for aerospace and defense, automotive and general engineering products that include consumer durables, electronics, electrical and machinery and equipment applications.
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