Kaiser Aluminum Corporation (NASDAQ:KALU) Given Consensus Recommendation of “Moderate Buy” by Analysts

Kaiser Aluminum Corporation (NASDAQ:KALU) has been given an average rating of “Moderate Buy” by the six research firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $95.6667.

Several research analysts have recently weighed in on KALU shares. Zacks Research upgraded Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 30th. Wall Street Zen upgraded Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 25th. Weiss Ratings upgraded Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, October 25th. Wells Fargo & Company upped their price objective on Kaiser Aluminum from $90.00 to $108.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. Finally, JPMorgan Chase & Co. upped their price objective on Kaiser Aluminum from $82.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, October 28th.

Institutional Trading of Kaiser Aluminum

A number of hedge funds have recently bought and sold shares of the company. AlphaQuest LLC increased its position in Kaiser Aluminum by 1,096.2% during the third quarter. AlphaQuest LLC now owns 22,453 shares of the industrial products company’s stock valued at $1,732,000 after acquiring an additional 20,576 shares during the last quarter. New York State Common Retirement Fund grew its holdings in Kaiser Aluminum by 14.2% during the third quarter. New York State Common Retirement Fund now owns 5,635 shares of the industrial products company’s stock valued at $435,000 after purchasing an additional 700 shares during the period. First Citizens Bank & Trust Co. bought a new stake in Kaiser Aluminum during the third quarter valued at about $221,000. Y Intercept Hong Kong Ltd bought a new stake in Kaiser Aluminum during the third quarter valued at about $841,000. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in Kaiser Aluminum during the third quarter valued at about $323,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Stock Up 3.1%

KALU stock opened at $93.31 on Tuesday. Kaiser Aluminum has a 1-year low of $46.81 and a 1-year high of $97.60. The business has a fifty day moving average price of $79.94 and a 200-day moving average price of $77.23. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.48 and a quick ratio of 1.08. The stock has a market capitalization of $1.51 billion, a P/E ratio of 16.87 and a beta of 1.49.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings results on Wednesday, April 2nd. The industrial products company reported $1.21 earnings per share for the quarter. Kaiser Aluminum had a return on equity of 10.67% and a net margin of 2.85%.The firm had revenue of $765.40 million during the quarter. Equities analysts forecast that Kaiser Aluminum will post 5.14 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 Friday, November 14th. Investors of record on Friday, October 24th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, October 24th. Kaiser Aluminum’s dividend payout ratio is 55.70%.

About Kaiser Aluminum

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.