Kaiser Aluminum Corporation (NASDAQ:KALU) had its price target raised by Morgan Stanley from $87.00 to $101.00 in a research note released on Thursday morning. They currently have an equal weight rating on the industrial products company’s stock.

Several other equities analysts also recently issued reports on the stock. Credit Suisse Group boosted their price target on shares of Kaiser Aluminum Corporation from $90.00 to $95.00 and gave the company a neutral rating in a report on Friday, October 20th. Bank of America Corporation boosted their price target on shares of Kaiser Aluminum Corporation from $79.00 to $85.00 and gave the company an underperform rating in a report on Friday, July 21st. Zacks Investment Research downgraded shares of Kaiser Aluminum Corporation from a hold rating to a sell rating in a report on Monday, October 23rd. Deutsche Bank AG downgraded shares of Kaiser Aluminum Corporation from a buy rating to a hold rating and set a $104.00 price target for the company. in a report on Tuesday, October 17th. Finally, BidaskClub raised shares of Kaiser Aluminum Corporation from a buy rating to a strong-buy rating in a report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Kaiser Aluminum Corporation presently has an average rating of Hold and a consensus price target of $99.00.

Shares of Kaiser Aluminum Corporation (KALU) traded up $2.18 on Thursday, hitting $95.12. 123,129 shares of the stock traded hands, compared to its average volume of 147,554. Kaiser Aluminum Corporation has a 52 week low of $74.56 and a 52 week high of $108.99. The firm has a market capitalization of $1,581.35, a P/E ratio of 18.13, a price-to-earnings-growth ratio of 1.24 and a beta of 0.56. The company has a current ratio of 3.75, a quick ratio of 2.55 and a debt-to-equity ratio of 0.47.

Kaiser Aluminum Corporation (NASDAQ:KALU) last announced its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.19). Kaiser Aluminum Corporation had a net margin of 6.18% and a return on equity of 11.45%. The firm had revenue of $332.80 million for the quarter, compared to analyst estimates of $335.37 million. During the same period last year, the firm posted $1.02 EPS. The business’s revenue was up 3.8% compared to the same quarter last year. equities analysts expect that Kaiser Aluminum Corporation will post 5.05 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, October 25th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend was Tuesday, October 24th. Kaiser Aluminum Corporation’s dividend payout ratio is currently 41.32%.

In related news, CEO Jack A. Hockema sold 9,000 shares of Kaiser Aluminum Corporation stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $102.67, for a total transaction of $924,030.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Carolyn Bartholomew sold 1,000 shares of Kaiser Aluminum Corporation stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $99.00, for a total transaction of $99,000.00. Following the sale, the director now owns 13,344 shares in the company, valued at $1,321,056. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,982 shares of company stock worth $1,736,622. Company insiders own 3.00% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of KALU. BlackRock Inc. raised its stake in shares of Kaiser Aluminum Corporation by 12,449.4% during the first quarter. BlackRock Inc. now owns 2,174,693 shares of the industrial products company’s stock valued at $173,757,000 after purchasing an additional 2,157,364 shares in the last quarter. FMR LLC raised its position in Kaiser Aluminum Corporation by 136.8% in the second quarter. FMR LLC now owns 205,561 shares of the industrial products company’s stock worth $18,196,000 after acquiring an additional 118,741 shares in the last quarter. Macquarie Group Ltd. raised its position in Kaiser Aluminum Corporation by 30.9% in the second quarter. Macquarie Group Ltd. now owns 418,863 shares of the industrial products company’s stock worth $37,078,000 after acquiring an additional 98,855 shares in the last quarter. JPMorgan Chase & Co. raised its position in Kaiser Aluminum Corporation by 414.6% in the second quarter. JPMorgan Chase & Co. now owns 94,571 shares of the industrial products company’s stock worth $8,371,000 after acquiring an additional 76,192 shares in the last quarter. Finally, Citadel Advisors LLC raised its position in Kaiser Aluminum Corporation by 1,303.4% in the second quarter. Citadel Advisors LLC now owns 78,283 shares of the industrial products company’s stock worth $6,930,000 after acquiring an additional 72,705 shares in the last quarter. Institutional investors and hedge funds own 99.88% of the company’s stock.

About Kaiser Aluminum Corporation

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.

Analyst Recommendations for Kaiser Aluminum Corporation (NASDAQ:KALU)

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