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 Stock Up 0.6 %
Shares of Kaiser Aluminum stock traded up $0.44 during trading on Tuesday, reaching $78.54. The company's stock had a trading volume of 160,842 shares, compared to its average volume of 140,960. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.28 and a quick ratio of 1.42. The firm's 50-day moving average is $77.70 and its two-hundred day moving average is $89.92. Kaiser Aluminum has a 52-week low of $66.25 and a 52-week high of $127.62.
Kaiser Aluminum (NASDAQ:KALU - Get Rating) last posted its quarterly earnings results on Monday, July 25th. The industrial products company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.78). The business had revenue of $954.20 million during the quarter, compared to the consensus estimate of $889.59 million. Kaiser Aluminum had a positive return on equity of 1.33% and a negative net margin of 0.18%. The business's revenue for the quarter was up 28.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 earnings per share. As a group, research analysts predict that Kaiser Aluminum will post -0.91 earnings per share for the current fiscal year.
Kaiser Aluminum Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Monday, July 25th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, July 22nd. This represents a $3.08 annualized dividend and a yield of 3.92%. Kaiser Aluminum's payout ratio is -789.74%.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on KALU. Benchmark decreased their price target on shares of Kaiser Aluminum from $120.00 to $105.00 and set an "outperform" rating on the stock in a report on Wednesday, July 27th. StockNews.com lowered Kaiser Aluminum from a "hold" rating to a "sell" rating in a research note on Monday, August 8th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Kaiser Aluminum currently has a consensus rating of "Hold" and a consensus price target of $105.00.
Insider Activity
In other news, VP Del L. Miller sold 510 shares of the stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $106.50, for a total transaction 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 $517,803. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Kaiser Aluminum news, VP Del L. Miller sold 510 shares of the business's stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $106.50, for a total value of $54,315.00. Following the transaction, the vice president now owns 4,862 shares in the company, valued at $517,803. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Neal E. West sold 400 shares of the firm's stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $96.96, for a total value of $38,784.00. Following the completion of the sale, the chief financial officer now directly owns 3,780 shares in the company, valued at $366,508.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,792 shares of company stock valued at $259,877. 1.20% of the stock is currently owned by company insiders.
