Kaiser Aluminum Corporation (NASDAQ:KALU) Stock Has Average Target Price of $166.75

Shares of Kaiser Aluminum Corporation (NASDAQ:KALU) have been given a consensus recommendation of “Hold” by the seven ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $169.40.

A number of research firms have issued reports on KALU. Wall Street Zen upgraded shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 2nd. Zacks Research cut Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a report on Friday, September 25th. Weiss Ratings cut Kaiser Aluminum from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, September 2nd. UBS Group raised shares of Kaiser Aluminum from a “neutral” rating to a “buy” rating and upped their price target for the company from $179.00 to $184.00 in a research note on Monday, August 31st. Finally, Wells Fargo & Company upgraded Kaiser Aluminum from an “underweight” rating to an “equal weight” rating and decreased their target price for the stock from $169.00 to $160.00 in a research report on Friday, September 18th.

Kaiser Aluminum Price Performance

KALU stock opened at $150.21 on Tuesday. The company has a market capitalization of $2.46 billion, a P/E ratio of 11.13 and a beta of 1.59. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.17 and a current ratio of 2.50. Kaiser Aluminum has a 52-week low of $77.24 and a 52-week high of $199.89. The business has a 50-day simple moving average of $157.70 and a two-hundred day simple moving average of $165.04.

Kaiser Aluminum (NASDAQ:KALU) last posted its earnings results on Wednesday, July 22nd. The industrial products company reported $5.53 EPS for the quarter, topping the consensus estimate of $2.66 by $2.87. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Kaiser Aluminum had a net margin of 5.49% and a return on equity of 24.71%. The company’s quarterly revenue was up 52.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.21 EPS. Research analysts expect that Kaiser Aluminum will post 13.40 EPS for the current fiscal year.

Kaiser Aluminum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 23rd will be issued a dividend of $0.77 per share. The ex-dividend date is Friday, October 23rd. This represents a $3.08 annualized dividend and a dividend yield of 2.1%. Kaiser Aluminum’s dividend payout ratio is 22.83%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of KALU. Oregon Public Employees Retirement Fund boosted its position in Kaiser Aluminum by 1.7% during the first quarter. Oregon Public Employees Retirement Fund now owns 3,704 shares of the industrial products company’s stock worth $446,000 after purchasing an additional 62 shares during the period. Allworth Financial LP lifted its position in shares of Kaiser Aluminum by 146.6% during the second quarter. Allworth Financial LP now owns 143 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 85 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Kaiser Aluminum by 32.5% in the third quarter. Farther Finance Advisors LLC now owns 400 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 98 shares in the last quarter. Nykredit A S bought a new stake in shares of Kaiser Aluminum during the 2nd quarter valued at $30,000. Finally, Amundi lifted its holdings in Kaiser Aluminum by 7.4% during the 1st quarter. Amundi now owns 2,391 shares of the industrial products company’s stock worth $288,000 after purchasing an additional 165 shares in the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation is a manufacturer of semi-fabricated aluminum products serving customers in the aerospace, automotive, industrial, packaging, and other end markets. The company produces engineered aluminum products designed for applications that require characteristics such as strength, light weight, corrosion resistance, and thermal conductivity.

Its product portfolio includes rolled aluminum sheet and plate, extruded products, forged components, and other specialty products.