Kaiser Aluminum (NASDAQ:KALU) Given New $74.00 Price Target at Benchmark

Kaiser Aluminum (NASDAQ:KALU) had its price objective reduced by analysts at Benchmark from $100.00 to $74.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Benchmark’s price target suggests a potential upside of 39.58% from the stock’s current price.

A number of other equities analysts also recently commented on the stock. Wolfe Research raised shares of Kaiser Aluminum from an “underperform” rating to a “peer perform” rating in a report on Friday, April 11th. StockNews.com raised Kaiser Aluminum from a “sell” rating to a “hold” rating in a research note on Friday.

Kaiser Aluminum Stock Down 1.6 %

KALU traded down $0.85 on Monday, reaching $53.02. The company’s stock had a trading volume of 24,559 shares, compared to its average volume of 130,849. The stock has a 50 day moving average of $64.14 and a two-hundred day moving average of $71.04. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 1.56. Kaiser Aluminum has a fifty-two week low of $46.81 and a fifty-two week high of $102.42. The company has a market capitalization of $853.54 million, a price-to-earnings ratio of 18.47 and a beta of 1.32.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.30). Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. The business had revenue of $765.40 million during the quarter, compared to analysts’ expectations of $752.00 million. During the same quarter in the prior year, the firm earned $0.60 earnings per share. As a group, analysts forecast that Kaiser Aluminum will post 5.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Kaiser Aluminum

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Empowered Funds LLC bought a new position in Kaiser Aluminum during the fourth quarter worth about $3,878,000. American Century Companies Inc. increased its holdings in Kaiser Aluminum by 12.6% in the fourth quarter. American Century Companies Inc. now owns 447,723 shares of the industrial products company’s stock valued at $31,461,000 after purchasing an additional 49,948 shares during the period. Wellington Management Group LLP boosted its stake in shares of Kaiser Aluminum by 103.6% in the 4th quarter. Wellington Management Group LLP now owns 431,980 shares of the industrial products company’s stock valued at $30,355,000 after purchasing an additional 219,827 shares during the last quarter. Barclays PLC lifted its stake in Kaiser Aluminum by 101.3% in the third quarter. Barclays PLC now owns 27,454 shares of the industrial products company’s stock valued at $1,991,000 after buying an additional 13,813 shares during the period. Finally, Amundi boosted its holdings in Kaiser Aluminum by 196.0% in the fourth quarter. Amundi now owns 8,934 shares of the industrial products company’s stock worth $629,000 after acquiring an additional 5,916 shares in the last quarter. 99.29% of the stock is owned by 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.