Kaiser Aluminum - KALU Stock Forecast, Price & News

Kaiser Aluminum Corporation engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. The company offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products. The company's automotive extrusions include extruded aluminum products for structural components, crash management systems, anti-lock braking systems, and drawn tubes for drive shafts, as well as offers fabrication services, including sawing and cutting to length. Its packaging products consist of bare and coated 3000- and 5000-series alloy aluminum coil used for beverage and food packaging industry; and Its general engineering products comprise alloy plate, sheet, rod, bar, tube, wire, and standard extrusion shapes used in various applications, including the production of military vehicles, ordnances, semiconductor manufacturing cells, electronic devices, after-market motor sport parts, tooling plates, parts for machinery and equipment, bolts, screws, nails, and rivets. In addition, it offers rerolled, extruded, drawn, and cast billet aluminum products for industrial end uses. It sells its products directly to customers through sales personnel located in the United States, Canada, Western Europe, and China, as well as through independent sales agents in other regions of Asia, Latin America, and the Middle East. The company was founded in 1946 and is headquartered in Foothill Ranch, California.

Kaiser Aluminum Price Performance

Kaiser Aluminum stock traded down $1.01 during mid-day trading on Tuesday, reaching $71.51. 3,290 shares of the stock traded hands, compared to its average volume of 218,797. The company has a quick ratio of 1.42, a current ratio of 2.28 and a debt-to-equity ratio of 1.60. Kaiser Aluminum has a 12-month low of $66.25 and a 12-month high of $130.57. The business's 50-day moving average is $80.31 and its 200-day moving average is $90.62.

Kaiser Aluminum (NASDAQ:KALU - Get Rating) last posted its quarterly earnings data on Monday, July 25th. The industrial products company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.75 by ($0.78). The firm had revenue of $954.20 million for the quarter, compared to analysts' expectations of $889.59 million. Kaiser Aluminum had a negative net margin of 0.18% and a positive return on equity of 1.33%. The firm's revenue was up 28.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.00 EPS. Equities research analysts anticipate that Kaiser Aluminum will post 2.3 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Monday, July 25th will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date is Friday, July 22nd. Kaiser Aluminum's payout ratio is -789.74%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Benchmark decreased their price target on Kaiser Aluminum from $120.00 to $105.00 and set an "outperform" rating for the company in a research note on Wednesday, July 27th. StockNews.com cut Kaiser Aluminum from a "hold" rating to a "sell" rating in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $105.00.

Insiders Place Their Bets

In other Kaiser Aluminum news, VP Brant Weaver sold 282 shares of the company's stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $102.15, for a total value of $28,806.30. Following the completion of the sale, the vice president now owns 5,811 shares in the company, valued at $593,593.65. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Kaiser Aluminum news, VP Brant Weaver sold 282 shares of the company's stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $102.15, for a total value of $28,806.30. Following the completion of the sale, the vice president now owns 5,811 shares in the company, valued at $593,593.65. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Del L. Miller sold 510 shares of the company's stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $106.50, for a total value of $54,315.00. Following the completion of the sale, the vice president now owns 4,862 shares of the company's stock, valued at approximately $517,803. The disclosure for this sale can be found here. Insiders sold a total of 2,392 shares of company stock worth $230,525 over the last quarter. 1.20% of the stock is currently owned by corporate insiders.