Kaiser Aluminum Corporation (NASDAQ:KALU) Given Consensus Recommendation of “Hold” by Brokerages

Kaiser Aluminum Corporation (NASDAQ:KALU) has received an average recommendation of “Hold” from the six ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $168.25.

Several analysts have recently weighed in on KALU shares. UBS Group lifted their price target on shares of Kaiser Aluminum from $176.00 to $179.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Wall Street Zen upgraded Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 2nd. Weiss Ratings raised shares of Kaiser Aluminum from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 18th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $142.00 price target (up from $124.00) on shares of Kaiser Aluminum in a report on Thursday, April 30th. Finally, Wells Fargo & Company upped their price target on shares of Kaiser Aluminum from $158.00 to $169.00 and gave the stock an “underweight” rating in a research report on Friday, July 24th.

Kaiser Aluminum Stock Performance

KALU stock opened at $154.16 on Monday. The company has a market capitalization of $2.52 billion, a PE ratio of 11.43 and a beta of 1.61. Kaiser Aluminum has a 12 month low of $73.08 and a 12 month high of $199.89. The firm’s 50-day moving average is $172.41 and its 200 day moving average is $157.23. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.50 and a quick ratio of 1.17.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $5.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $2.87. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Kaiser Aluminum had a net margin of 5.49% and a return on equity of 24.71%. The firm’s quarterly revenue was up 52.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.21 EPS. On average, research analysts anticipate that Kaiser Aluminum will post 10.63 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 24th were issued a $0.77 dividend. The ex-dividend date was Friday, July 24th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.0%. Kaiser Aluminum’s dividend payout ratio (DPR) is currently 22.83%.

Institutional Investors Weigh In On Kaiser Aluminum

A number of institutional investors have recently added to or reduced their stakes in KALU. California State Teachers Retirement System lifted its position in shares of Kaiser Aluminum by 18,986.0% during the second quarter. California State Teachers Retirement System now owns 3,937,445 shares of the industrial products company’s stock valued at $770,282,000 after buying an additional 3,916,815 shares during the last quarter. Nykredit A S acquired a new stake in shares of Kaiser Aluminum in the 2nd quarter worth $30,000. Navellier & Associates Inc. raised its stake in Kaiser Aluminum by 20.2% in the second quarter. Navellier & Associates Inc. now owns 12,548 shares of the industrial products company’s stock valued at $2,455,000 after buying an additional 2,105 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Kaiser Aluminum in the second quarter valued at about $87,000. Finally, Globeflex Capital L P acquired a new stake in Kaiser Aluminum in the second quarter worth about $1,742,000. Institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation is a U.S.-based producer of semi?fabricated aluminum products, serving a diverse range of industrial and specialty markets. The company’s offerings include extruded, rolled, and forged aluminum products designed to meet stringent performance requirements in sectors such as aerospace, automotive, defense, electronics, and general engineering. By focusing on high?value applications, Kaiser Aluminum aims to deliver lightweight, durable solutions that contribute to efficiency and innovation across its customer base.

Operationally, Kaiser Aluminum maintains a network of smelters, extrusion plants, and rolling mills located primarily in North America.