BidaskClub cut shares of Kaiser Aluminum (NASDAQ:KALU) from a buy rating to a hold rating in a research note issued to investors on Friday.

Several other equities research analysts have also recently commented on the company. Zacks Investment Research cut Kaiser Aluminum from a buy rating to a hold rating in a report on Saturday, August 4th. Morgan Stanley boosted their target price on Kaiser Aluminum from $101.00 to $105.00 and gave the stock an equal weight rating in a report on Wednesday, August 1st. Credit Suisse Group boosted their target price on Kaiser Aluminum from $102.00 to $108.00 and gave the stock a neutral rating in a report on Wednesday, July 25th. Jefferies Financial Group assumed coverage on Kaiser Aluminum in a report on Monday, July 16th. They set a hold rating and a $122.00 target price on the stock. Finally, ValuEngine cut Kaiser Aluminum from a buy rating to a hold rating in a report on Thursday, June 28th. One equities research analyst has rated the stock with a sell rating and nine have given a hold rating to the company. The company has a consensus rating of Hold and a consensus target price of $108.88.

Shares of NASDAQ:KALU opened at $109.69 on Friday. Kaiser Aluminum has a 12 month low of $90.93 and a 12 month high of $119.66. The company has a market cap of $1.84 billion, a P/E ratio of 21.55, a PEG ratio of 1.13 and a beta of 0.65. The company has a current ratio of 3.63, a quick ratio of 2.72 and a debt-to-equity ratio of 0.49.

Kaiser Aluminum (NASDAQ:KALU) last announced its earnings results on Monday, July 23rd. The industrial products company reported $1.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.10. Kaiser Aluminum had a return on equity of 12.03% and a net margin of 3.43%. The firm had revenue of $415.00 million for the quarter, compared to analysts’ expectations of $398.95 million. During the same quarter in the previous year, the company earned $1.47 earnings per share. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. analysts anticipate that Kaiser Aluminum will post 6.52 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 15th. Shareholders of record on Thursday, July 26th will be given a $0.55 dividend. The ex-dividend date of this dividend is Wednesday, July 25th. This represents a $2.20 annualized dividend and a yield of 2.01%. Kaiser Aluminum’s dividend payout ratio (DPR) is 43.22%.

In other Kaiser Aluminum news, VP Neal E. West sold 2,175 shares of Kaiser Aluminum stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $110.00, for a total value of $239,250.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Melinda C. Ellsworth sold 1,100 shares of Kaiser Aluminum stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $112.23, for a total transaction of $123,453.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,088 shares of company stock worth $3,107,441. 3.20% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Granite Investment Partners LLC grew its position in Kaiser Aluminum by 0.4% in the second quarter. Granite Investment Partners LLC now owns 135,326 shares of the industrial products company’s stock worth $14,089,000 after buying an additional 604 shares during the last quarter. Swiss National Bank grew its position in Kaiser Aluminum by 2.8% during the 1st quarter. Swiss National Bank now owns 29,500 shares of the industrial products company’s stock worth $2,977,000 after purchasing an additional 800 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in Kaiser Aluminum by 47.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,613 shares of the industrial products company’s stock worth $264,000 after purchasing an additional 838 shares in the last quarter. OppenheimerFunds Inc. grew its position in Kaiser Aluminum by 0.4% during the 1st quarter. OppenheimerFunds Inc. now owns 263,634 shares of the industrial products company’s stock worth $26,601,000 after purchasing an additional 957 shares in the last quarter. Finally, New York State Common Retirement Fund grew its position in Kaiser Aluminum by 3.1% during the 1st quarter. New York State Common Retirement Fund now owns 33,605 shares of the industrial products company’s stock worth $3,391,000 after purchasing an additional 1,000 shares in the last quarter.

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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