Brokerages Set Kaiser Aluminum Corporation (NASDAQ:KALU) Target Price at $78.00

Kaiser Aluminum Corporation (NASDAQ:KALU) has received a consensus rating of “Hold” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $78.00.

A number of equities analysts have weighed in on KALU shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kaiser Aluminum in a research note on Saturday, September 27th. JPMorgan Chase & Co. upped their price objective on Kaiser Aluminum from $64.00 to $82.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Wall Street Zen upgraded Kaiser Aluminum from a “hold” rating to a “buy” rating in a report on Tuesday, September 2nd. Finally, Zacks Research downgraded Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th.

Kaiser Aluminum Stock Down 1.3%

KALU opened at $78.36 on Friday. Kaiser Aluminum has a 12 month low of $46.81 and a 12 month high of $97.00. The business has a 50-day moving average of $76.44 and a two-hundred day moving average of $73.17. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.70 and a quick ratio of 1.30. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 20.14 and a beta of 1.49.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.72. Kaiser Aluminum had a net margin of 2.05% and a return on equity of 8.03%. The business had revenue of $823.10 million for the quarter, compared to analyst estimates of $786.70 million. On average, research analysts expect that Kaiser Aluminum will post 5.14 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 25th were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Friday, July 25th. Kaiser Aluminum’s dividend payout ratio is 79.18%.

Institutional Investors Weigh In On Kaiser Aluminum

Several institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC acquired a new position in shares of Kaiser Aluminum during the 1st quarter valued at $674,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Kaiser Aluminum in the first quarter valued at about $1,598,000. Voya Investment Management LLC lifted its stake in shares of Kaiser Aluminum by 40.5% during the first quarter. Voya Investment Management LLC now owns 18,628 shares of the industrial products company’s stock worth $1,129,000 after purchasing an additional 5,372 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Kaiser Aluminum in the first quarter worth about $430,000. Finally, QRG Capital Management Inc. grew its stake in shares of Kaiser Aluminum by 16.8% in the first quarter. QRG Capital Management Inc. now owns 4,189 shares of the industrial products company’s stock valued at $254,000 after buying an additional 601 shares in the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation, together with its subsidiaries, engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. It offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.