Credit Suisse Group reiterated their neutral rating on shares of Kaiser Aluminum (NASDAQ:KALU) in a research report report published on Friday. The firm currently has a $102.00 target price on the industrial products company’s stock, up from their previous target price of $95.00.
Other research analysts have also issued research reports about the company. BidaskClub lowered Kaiser Aluminum from a strong-buy rating to a buy rating in a research note on Saturday, February 3rd. Morgan Stanley increased their price target on Kaiser Aluminum from $87.00 to $101.00 and gave the stock an equal weight rating in a research note on Thursday, November 16th. Finally, Zacks Investment Research raised Kaiser Aluminum from a sell rating to a hold rating in a research note on Monday, December 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $103.71.
Shares of Kaiser Aluminum (KALU) opened at $105.20 on Friday. The company has a market capitalization of $1,780.00, a price-to-earnings ratio of 22.01, a price-to-earnings-growth ratio of 1.09 and a beta of 0.55. The company has a current ratio of 3.79, a quick ratio of 2.59 and a debt-to-equity ratio of 0.50. Kaiser Aluminum has a fifty-two week low of $74.56 and a fifty-two week high of $116.86.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, January 26th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date was Thursday, January 25th. This is a positive change from Kaiser Aluminum’s previous quarterly dividend of $0.50. Kaiser Aluminum’s dividend payout ratio is currently 46.03%.
Several institutional investors have recently modified their holdings of KALU. Janus Henderson Group PLC purchased a new position in shares of Kaiser Aluminum during the 2nd quarter worth $1,328,000. State Street Corp raised its position in shares of Kaiser Aluminum by 7.9% in the 2nd quarter. State Street Corp now owns 686,950 shares of the industrial products company’s stock worth $60,811,000 after buying an additional 50,201 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Kaiser Aluminum by 123.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 38,931 shares of the industrial products company’s stock worth $3,446,000 after buying an additional 21,504 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of Kaiser Aluminum in the 3rd quarter worth $228,000. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Kaiser Aluminum in the 3rd quarter worth $374,000. 99.57% of the stock is currently owned by institutional investors.
About Kaiser Aluminum
Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The Company operates in the Fabricated Products segment. The Company’s Fabricated Products segment focuses on producing rolled, extruded and drawn aluminum products used principally for aerospace and defense, automotive and general engineering products that include consumer durables, electronics, electrical and machinery and equipment applications.
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