Kaiser Aluminum Corp. (KALU) Receives Average Recommendation of “Hold” from Brokerages

Kaiser Aluminum Corp. (NASDAQ:KALU) has received a consensus recommendation of “Hold” from the ten research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $105.67.

A number of analysts recently weighed in on the stock. BidaskClub raised shares of Kaiser Aluminum from a “hold” rating to a “buy” rating in a report on Friday, December 7th. Zacks Investment Research upgraded shares of Kaiser Aluminum from a “sell” rating to a “hold” rating in a research report on Friday, February 1st.

In related news, CEO Jack A. Hockema sold 4,500 shares of the stock in a transaction dated Thursday, January 10th. The shares were sold at an average price of $94.82, for a total value of $426,690.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.20% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in KALU. Norges Bank bought a new position in Kaiser Aluminum in the 4th quarter valued at about $28,875,000. Victory Capital Management Inc. boosted its position in shares of Kaiser Aluminum by 30.5% during the 4th quarter. Victory Capital Management Inc. now owns 650,357 shares of the industrial products company’s stock valued at $58,070,000 after purchasing an additional 152,068 shares in the last quarter. Royce & Associates LP boosted its position in shares of Kaiser Aluminum by 129.3% during the 4th quarter. Royce & Associates LP now owns 248,060 shares of the industrial products company’s stock valued at $22,149,000 after purchasing an additional 139,860 shares in the last quarter. Walthausen & Co. LLC bought a new position in shares of Kaiser Aluminum during the 3rd quarter valued at about $12,096,000. Finally, BlackRock Inc. boosted its position in shares of Kaiser Aluminum by 4.6% during the 3rd quarter. BlackRock Inc. now owns 2,332,530 shares of the industrial products company’s stock valued at $254,385,000 after purchasing an additional 101,969 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

KALU stock traded up $0.26 on Thursday, hitting $106.68. 171,757 shares of the company were exchanged, compared to its average volume of 136,365. Kaiser Aluminum has a twelve month low of $83.29 and a twelve month high of $119.66. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.15 and a current ratio of 3.20. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 16.49 and a beta of 1.03.

Kaiser Aluminum (NASDAQ:KALU) last announced its earnings results on Wednesday, February 20th. The industrial products company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.22. Kaiser Aluminum had a net margin of 5.78% and a return on equity of 14.49%. The business had revenue of $389.00 million during the quarter, compared to the consensus estimate of $389.90 million. During the same period in the prior year, the firm earned $1.22 earnings per share. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, equities analysts forecast that Kaiser Aluminum will post 7.11 EPS for the current fiscal year.

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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Analyst Recommendations for Kaiser Aluminum (NASDAQ:KALU)

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