Kaiser Aluminum Corporation (NASDAQ:KALU) Stock Has Consensus Price Target of $141.00 According to Analysts

Kaiser Aluminum Corporation (NASDAQ:KALU) has received a consensus rating of “Moderate Buy” from the seven research firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $141.00.

A number of brokerages recently issued reports on KALU. Wells Fargo & Company dropped their price objective on Kaiser Aluminum from $160.00 to $125.00 and set an “equal weight” rating on the stock in a report on Friday, October 23rd. Wall Street Zen lowered shares of Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 24th. Barclays decreased their price objective on shares of Kaiser Aluminum from $180.00 to $155.00 and set an “overweight” rating for the company in a research report on Monday, October 26th. JPMorgan Chase & Co. upgraded Kaiser Aluminum from an “underweight” rating to a “neutral” rating and dropped their price objective for the stock from $146.00 to $140.00 in a research report on Monday, October 26th. Finally, Weiss Ratings lowered Kaiser Aluminum from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, September 2nd.

Institutional Trading of Kaiser Aluminum

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KALU. Allworth Financial LP boosted its position in shares of Kaiser Aluminum by 146.6% during the 2nd quarter. Allworth Financial LP now owns 143 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 85 shares during the last quarter. Nykredit A S bought a new position in shares of Kaiser Aluminum during the 2nd quarter worth $30,000. Putney Financial Group LLC purchased a new position in shares of Kaiser Aluminum in the third quarter worth $25,000. Signaturefd LLC grew its holdings in Kaiser Aluminum by 228.0% in the third quarter. Signaturefd LLC now owns 269 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 187 shares during the period. Finally, Harbor Investment Advisory LLC acquired a new position in shares of Kaiser Aluminum during the 2nd quarter valued at about $64,000. 99.29% of the stock is owned by institutional investors.

Kaiser Aluminum Price Performance

NASDAQ KALU opened at $106.84 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.25 and a current ratio of 2.63. Kaiser Aluminum has a 1 year low of $88.00 and a 1 year high of $199.89. The business’s fifty day moving average is $144.18 and its two-hundred day moving average is $152.46. The stock has a market capitalization of $1.75 billion, a P/E ratio of 8.25 and a beta of 1.72.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings results on Wednesday, October 21st. The industrial products company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.48). The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. Kaiser Aluminum had a net margin of 4.85% and a return on equity of 23.65%. Kaiser Aluminum’s quarterly revenue was up 43.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.86 earnings per share. On average, research analysts forecast that Kaiser Aluminum will post 12.60 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 23rd will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, October 23rd. Kaiser Aluminum’s dividend payout ratio (DPR) is 23.78%.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation is a producer of semi-fabricated aluminum products used by manufacturers in the aerospace and defense, automotive, industrial, and consumer products markets. The company supplies aluminum materials designed for applications that require strength, light weight, corrosion resistance, and other specialized performance characteristics.

Its product portfolio includes rolled aluminum sheet and plate, extruded products, forged components, and other fabricated aluminum products.