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.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KALU. Benchmark lowered their price target on shares of Kaiser Aluminum from $120.00 to $105.00 and set an "outperform" rating for the company in a report on Wednesday, July 27th. StockNews.com lowered shares of Kaiser Aluminum from a "hold" rating to a "sell" rating in a report on Monday. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Kaiser Aluminum currently has an average rating of "Hold" and an average price target of $105.00.

Kaiser Aluminum Stock Up 0.9 %

Shares of Kaiser Aluminum stock traded up $0.70 on Thursday, reaching $77.17. 1,730 shares of the stock were exchanged, compared to its average volume of 218,684. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.42 and a current ratio of 2.28. The firm's 50 day moving average is $79.23 and its 200-day moving average is $90.39. Kaiser Aluminum has a one year low of $66.25 and a one year high of $130.57.

Kaiser Aluminum (NASDAQ:KALU - Get Rating) last posted its quarterly earnings data 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 firm had revenue of $954.20 million for the quarter, compared to analyst estimates of $889.59 million. Kaiser Aluminum had a positive return on equity of 1.33% and a negative net margin of 0.18%. The company's quarterly revenue was up 28.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.00 earnings per share. On average, sell-side analysts forecast that Kaiser Aluminum will post -0.91 EPS for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Monday, July 25th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date is Friday, July 22nd. Kaiser Aluminum's payout ratio is currently -789.74%.

Insider Activity at Kaiser Aluminum

In related news, CFO Neal E. West sold 400 shares of the firm's stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $73.52, for a total transaction of $29,408.00. Following the transaction, the chief financial officer now directly owns 2,980 shares of the company's stock, valued at $219,089.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Kaiser Aluminum news, VP Del L. Miller sold 510 shares of Kaiser Aluminum stock in a transaction that occurred on Wednesday, May 18th. The shares were 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 directly owns 4,862 shares in the company, valued at $517,803. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Neal E. West sold 400 shares of Kaiser Aluminum stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $73.52, for a total transaction of $29,408.00. Following the sale, the chief financial officer now owns 2,980 shares of the company's stock, valued at $219,089.60. The disclosure for this sale can be found here. Insiders have sold 2,392 shares of company stock valued at $230,525 over the last ninety days. Corporate insiders own 1.20% of the company's stock.