Shares of Kaiser Aluminum Corp. (NASDAQ:KALU) have received an average rating of “Hold” from the ten research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $105.67.

KALU has been the subject of a number of recent research reports. Zacks Investment Research lowered Kaiser Aluminum from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. BidaskClub lowered Kaiser Aluminum from a “buy” rating to a “hold” rating in a research note on Wednesday, November 28th.

In other Kaiser Aluminum news, CEO Jack A. Hockema sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, January 18th. The stock was sold at an average price of $100.27, for a total transaction of $150,405.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.20% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its stake in Kaiser Aluminum by 0.6% during the 4th quarter. BlackRock Inc. now owns 2,345,611 shares of the industrial products company’s stock valued at $209,440,000 after purchasing an additional 13,081 shares in the last quarter. Vanguard Group Inc grew its stake in Kaiser Aluminum by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 1,777,971 shares of the industrial products company’s stock valued at $193,905,000 after purchasing an additional 17,914 shares in the last quarter. Vanguard Group Inc. grew its stake in Kaiser Aluminum by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,777,971 shares of the industrial products company’s stock valued at $193,905,000 after purchasing an additional 17,914 shares in the last quarter. Victory Capital Management Inc. grew its stake in Kaiser Aluminum by 30.5% during the 4th quarter. Victory Capital Management Inc. now owns 650,357 shares of the industrial products company’s stock valued at $58,070,000 after purchasing an additional 152,068 shares in the last quarter. Finally, Macquarie Group Ltd. grew its stake in Kaiser Aluminum by 14.0% during the 3rd quarter. Macquarie Group Ltd. now owns 614,838 shares of the industrial products company’s stock valued at $67,054,000 after purchasing an additional 75,342 shares in the last quarter. Hedge funds and other institutional investors own 95.98% of the company’s stock.

KALU stock opened at $103.99 on Thursday. The company has a quick ratio of 2.15, a current ratio of 3.20 and a debt-to-equity ratio of 0.50. Kaiser Aluminum has a 1 year low of $83.29 and a 1 year high of $119.66. The stock has a market capitalization of $1.67 billion, a PE ratio of 16.07 and a beta of 1.03.

Kaiser Aluminum (NASDAQ:KALU) last posted its earnings results on Wednesday, February 20th. The industrial products company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.22. Kaiser Aluminum had a return on equity of 14.49% and a net margin of 5.78%. The business had revenue of $389.00 million during the quarter, compared to analyst estimates of $389.90 million. During the same quarter last year, the firm earned $1.22 earnings per share. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. Equities analysts predict that Kaiser Aluminum will post 7.11 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, February 15th. Stockholders of record on Friday, January 25th were paid a $0.60 dividend. The ex-dividend date was Thursday, January 24th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.31%. This is a positive change from Kaiser Aluminum’s previous quarterly dividend of $0.55. Kaiser Aluminum’s dividend payout ratio (DPR) is 37.09%.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The company offers rolled, extruded, and drawn aluminum products used principally for aerospace and defense, automotive, consumer durables, electronics, electrical, and machinery and equipment applications.

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Analyst Recommendations for Kaiser Aluminum (NASDAQ:KALU)

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