The stock of Kaiser Aluminum Corporation (NASDAQ:KALU) last traded at $90.43, up 8.49% from the previous session.
Data from the available sources indicates that Kaiser Aluminum Corporation (NASDAQ:KALU) is covered by 3 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $105.00 and a low of $70.00, we find $72.00. Given the previous closing price of $83.35, this indicates a potential downside of -13.62 percent. KALU stock price is now 24.27% away from the 50-day moving average and 6.48% away from the 200-day moving average. The market capitalization of the company currently stands at $1.40B.
In total, 1 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $82.33 as their price target over the next twelve months.
With the price target reduced from $117 to $98, JP Morgan Downgraded its rating from Neutral to Underweight for Kaiser Aluminum Corporation (NASDAQ: KALU). On September 10, 2021, Goldman recently initiated its ‘Sell’ rating on the stock quoting a target price of $122, while ‘JP Morgan’ rates the stock as ‘Neutral’.
In other news, West Neal E, EVP & CFO sold 400 shares of the company’s stock on Oct 10. The stock was sold for $27,140 at an average price of $67.85. Upon completion of the transaction, the EVP & CFO now directly owns 1,780 shares in the company, valued at $0.16 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 12, EVP & CFO West Neal E sold 400 shares of the business’s stock. A total of $31,328 was realized by selling the stock at an average price of $78.32. This leaves the insider owning 2,180 shares of the company worth $0.2 million. Insiders disposed of 34,856 shares of company stock worth roughly $3.15 million over the past 1 year. A total of 1.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in KALU stock. A new stake in Kaiser Aluminum Corporation shares was purchased by MILLENNIUM MANAGEMENT LLC during the first quarter worth $1,828,000. HRT FINANCIAL LP invested $1,213,000 in shares of KALU during the first quarter. In the first quarter, SUSQUEHANNA INTERNATIONAL GROUP, LLP acquired a new stake in Kaiser Aluminum Corporation valued at approximately $985,000. AMALGAMATED FINANCIAL CORP. acquired a new stake in KALU for approximately $651,000. DYNAMIC TECHNOLOGY LAB PRIVATE LTD purchased a new stake in KALU valued at around $592,000 in the second quarter.
With an opening price of $86.42 on Thursday morning, Kaiser Aluminum Corporation (NASDAQ: KALU) set off the trading day. During the past 12 months, Kaiser Aluminum Corporation has had a low of $59.24 and a high of $109.19. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.40, and a quick ratio of 1.30. The fifty day moving average price for KALU is $72.77 and a two-hundred day moving average price translates $84.93 for the stock.
The latest earnings results from Kaiser Aluminum Corporation (NASDAQ: KALU) was released for Sep, 2022. According to the Aluminum Company, earnings per share came in at $0.6, beating analysts’ expectations of -$0.79 by 1.39. This compares to -$0.15 EPS in the same period last year. The net profit margin was 0.00% and return on equity was -0.20% for KALU. The company reported revenue of $748.9 million for the quarter, compared to $750.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.23 percent. For the current quarter, analysts expect KALU to generate $822.73M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/15/2022. Investors who held shares on 10/25/2022 were paid a $0.77 dividend. On an annualized basis, this represents a $3.08 dividend and a 3.41% percent yield. There was an ex-dividend date of 10/24/2022 for this dividend.
Kaiser Aluminum Corporation(KALU) Company Profile
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.