Kaiser Aluminum (NASDAQ:KALU) Given Buy Rating at Benchmark

Benchmark restated their buy rating on shares of Kaiser Aluminum (NASDAQ:KALU) in a research report report published on Friday, Benzinga reports. The brokerage currently has a $84.00 target price on the industrial products company’s stock.

Other equities research analysts also recently issued reports about the stock. UBS Group assumed coverage on shares of Kaiser Aluminum in a research note on Tuesday, January 16th. They set a neutral rating and a $67.00 target price on the stock. JPMorgan Chase & Co. increased their price objective on shares of Kaiser Aluminum from $68.00 to $80.00 and gave the company a neutral rating in a research report on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Hold and an average target price of $77.00.

Kaiser Aluminum Price Performance

Shares of KALU opened at $89.82 on Friday. Kaiser Aluminum has a fifty-two week low of $53.67 and a fifty-two week high of $95.56. The firm’s 50 day moving average price is $79.99 and its 200 day moving average price is $69.46. The company has a market cap of $1.44 billion, a P/E ratio of 30.76 and a beta of 1.37. The company has a quick ratio of 1.39, a current ratio of 2.68 and a debt-to-equity ratio of 1.72.

Kaiser Aluminum (NASDAQ:KALU) last announced its earnings results on Thursday, February 22nd. The industrial products company reported $0.60 earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.94. Kaiser Aluminum had a net margin of 1.53% and a return on equity of 8.32%. The firm had revenue of $722.00 million for the quarter, compared to the consensus estimate of $716.01 million. During the same period in the prior year, the firm earned ($1.66) EPS. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. On average, research analysts forecast that Kaiser Aluminum will post 3.65 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 25th will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend is Wednesday, April 24th. Kaiser Aluminum’s dividend payout ratio is presently 105.48%.

Institutional Investors Weigh In On Kaiser Aluminum

A number of large investors have recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of Kaiser Aluminum by 400.0% in the 1st quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock valued at $48,000 after buying an additional 432 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Kaiser Aluminum in the 4th quarter valued at $51,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Kaiser Aluminum by 941.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 906 shares of the industrial products company’s stock valued at $81,000 after buying an additional 819 shares in the last quarter. Headlands Technologies LLC boosted its holdings in shares of Kaiser Aluminum by 131.8% in the 4th quarter. Headlands Technologies LLC now owns 1,544 shares of the industrial products company’s stock valued at $110,000 after buying an additional 878 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Kaiser Aluminum by 50.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,756 shares of the industrial products company’s stock valued at $207,000 after buying an additional 921 shares in the last quarter. 99.29% of the stock is 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.