Kaiser Aluminum Corp. (KALU) Receives $105.29 Average PT from Analysts
Kaiser Aluminum Corp. (NASDAQ:KALU) has been given a consensus recommendation of “Hold” by the eleven brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $105.29.
Several equities research analysts have recently commented on the stock. BidaskClub upgraded shares of Kaiser Aluminum from a “sell” rating to a “hold” rating in a report on Friday, September 21st. Goldman Sachs Group lowered shares of Kaiser Aluminum from a “neutral” rating to a “sell” rating and reduced their price target for the company from $105.00 to $101.00 in a report on Monday, August 13th. Jefferies Financial Group upgraded shares of Kaiser Aluminum from a “hold” rating to a “buy” rating and set a $123.00 price target for the company in a report on Tuesday, October 23rd. Finally, Zacks Investment Research upgraded shares of Kaiser Aluminum from a “sell” rating to a “hold” rating in a report on Thursday, October 25th.
Shares of NASDAQ:KALU traded up $1.56 during trading hours on Tuesday, hitting $97.00. The company’s stock had a trading volume of 4,097 shares, compared to its average volume of 84,868. Kaiser Aluminum has a 52 week low of $86.62 and a 52 week high of $119.66. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.48 and a current ratio of 3.50. The firm has a market cap of $1.59 billion, a P/E ratio of 19.06, a P/E/G ratio of 1.02 and a beta of 0.89.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Thursday, October 25th were paid a dividend of $0.55 per share. The ex-dividend date was Wednesday, October 24th. This represents a $2.20 annualized dividend and a dividend yield of 2.27%. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 43.22%.
In related news, VP Melinda C. Ellsworth sold 1,100 shares of the business’s stock in a transaction that occurred on Wednesday, November 21st. The shares were sold at an average price of $95.36, for a total transaction of $104,896.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jack A. Hockema sold 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $93.35, for a total transaction of $420,075.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,100 shares of company stock valued at $675,586. 3.20% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the business. NEXT Financial Group Inc purchased a new stake in Kaiser Aluminum during the 3rd quarter worth approximately $117,000. BlueMountain Capital Management LLC purchased a new stake in Kaiser Aluminum during the 3rd quarter worth approximately $121,000. Engineers Gate Manager LP purchased a new stake in Kaiser Aluminum during the 3rd quarter worth approximately $203,000. Paloma Partners Management Co purchased a new stake in Kaiser Aluminum during the 3rd quarter worth approximately $207,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Kaiser Aluminum during the 2nd quarter worth approximately $204,000. 99.32% of the stock is currently owned by institutional investors.
About Kaiser Aluminum
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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