Kaiser Aluminum Corporation (KALU) – What Are Analysts Thinking About This Stock?

Shares of Kaiser Aluminum Corporation (NASDAQ:KALU) have received a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $141.00.

Several research firms have recently weighed in on KALU. 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 lowered their price target on Kaiser Aluminum from $180.00 to $155.00 and set an “overweight” rating for the company in a report on Monday, October 26th. UBS Group reduced their target price on shares of Kaiser Aluminum from $184.00 to $158.00 and set a “buy” rating for the company in a research note on Tuesday, October 27th. Weiss Ratings lowered Kaiser Aluminum from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, September 2nd. Finally, JPMorgan Chase & Co. raised shares of Kaiser Aluminum from an “underweight” rating to a “neutral” rating and cut their price objective for the company from $146.00 to $140.00 in a research report on Monday, October 26th.

Hedge Funds Weigh In On Kaiser Aluminum

Several institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp purchased a new position in Kaiser Aluminum during the 2nd quarter valued at about $38,353,000. Aberdeen Group plc acquired a new position in Kaiser Aluminum during the third quarter valued at approximately $12,240,000. Assenagon Asset Management S.A. acquired a new stake in shares of Kaiser Aluminum during the second quarter worth $10,659,000. Great Lakes Advisors LLC acquired a new position in Kaiser Aluminum during the second quarter worth about $8,045,000. Finally, Renaissance Technologies LLC boosted its holdings in Kaiser Aluminum by 363.2% in the first quarter. Renaissance Technologies LLC now owns 33,814 shares of the industrial products company’s stock valued at $4,075,000 after acquiring an additional 26,514 shares during the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Kaiser Aluminum Stock Up 3.2%

NASDAQ KALU opened at $106.84 on Friday. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 8.25 and a beta of 1.72. The company has a quick ratio of 1.25, a current ratio of 2.63 and a debt-to-equity ratio of 1.06. Kaiser Aluminum has a 52 week low of $88.00 and a 52 week high of $199.89. The company has a fifty day moving average of $144.18 and a two-hundred day moving average of $152.46.

Kaiser Aluminum (NASDAQ:KALU) last announced its 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 for 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 revenue was up 43.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.86 EPS. On average, analysts predict that Kaiser Aluminum will post 12.60 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

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