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.

Analyst Ratings Changes

Separately, Benchmark dropped their target price on shares of Kaiser Aluminum from $120.00 to $105.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $105.00.

Kaiser Aluminum Trading Down 0.1 %

KALU traded down $0.09 during trading on Monday, hitting $72.52. The company's stock had a trading volume of 169,149 shares, compared to its average volume of 141,322. 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 one year low of $66.25 and a one year high of $130.57. The business's 50 day simple moving average is $80.90 and its 200-day simple moving average is $90.80.

Kaiser Aluminum (NASDAQ:KALU - Get Rating) last released 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). Kaiser Aluminum had a positive return on equity of 1.33% and a negative net margin of 0.18%. The business had revenue of $954.20 million during the quarter, compared to the consensus estimate of $889.59 million. During the same quarter in the previous year, the business posted $1.00 earnings per share. The firm's revenue was up 28.8% on a year-over-year basis. On average, analysts predict that Kaiser Aluminum will post 2.3 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, July 25th will be paid a $0.77 dividend. The ex-dividend date is Friday, July 22nd. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.25%. Kaiser Aluminum's dividend payout ratio (DPR) is presently -789.74%.

Insider Transactions at Kaiser Aluminum

In other news, VP Brant Weaver sold 282 shares of the stock in a transaction on Tuesday, June 7th. The shares were 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 directly owns 5,811 shares of the company's stock, valued at $593,593.65. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, VP Brant Weaver sold 282 shares of the stock in a transaction on Tuesday, June 7th. The shares were 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 directly owns 5,811 shares of the company's stock, valued at $593,593.65. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Neal E. West sold 400 shares of the stock in a transaction on Friday, May 20th. The stock was sold at an average price of $96.96, for a total transaction of $38,784.00. Following the completion of the sale, the chief financial officer now directly owns 3,780 shares of the company's stock, valued at $366,508.80. The disclosure for this sale can be found here. Insiders sold a total of 2,392 shares of company stock valued at $230,525 over the last three months. Corporate insiders own 1.20% of the company's stock.