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

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

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

Kaiser Aluminum Trading Up 0.4 %

Shares of KALU opened at $89.82 on Friday. The stock’s 50-day moving average price is $79.99 and its 200 day moving average price is $69.46. 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 has a 12-month low of $53.67 and a 12-month high of $95.56. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 30.76 and a beta of 1.37.

Kaiser Aluminum (NASDAQ:KALU) last issued its earnings results on Thursday, February 22nd. The industrial products company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.94. Kaiser Aluminum had a return on equity of 8.32% and a net margin of 1.53%. The business had revenue of $722.00 million during the quarter, compared to analyst estimates of $716.01 million. During the same period in the prior year, the company posted ($1.66) earnings per share. Kaiser Aluminum’s revenue was down 7.0% on a year-over-year basis. As a group, research analysts predict that Kaiser Aluminum will post 3.65 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its holdings in Kaiser Aluminum by 400.0% during the 1st quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock worth $48,000 after buying an additional 432 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Kaiser Aluminum during the 4th quarter worth $51,000. Allspring Global Investments Holdings LLC grew its holdings in Kaiser Aluminum by 941.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 906 shares of the industrial products company’s stock worth $81,000 after acquiring an additional 819 shares during the period. Headlands Technologies LLC raised its position in shares of Kaiser Aluminum by 131.8% during the 4th quarter. Headlands Technologies LLC now owns 1,544 shares of the industrial products company’s stock valued at $110,000 after acquiring an additional 878 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake 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 purchasing an additional 921 shares during the period. 99.29% of the stock is owned by institutional investors.

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.