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

Kaiser Aluminum Corporation (NASDAQ:KALUGet Free Report) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $167.25.

A number of equities research analysts have weighed in on the company. Weiss Ratings downgraded Kaiser Aluminum from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, September 2nd. Zacks Research raised Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. UBS Group upgraded Kaiser Aluminum from a “neutral” rating to a “buy” rating and upped their price objective for the company from $179.00 to $184.00 in a report on Monday, August 31st. Wells Fargo & Company raised Kaiser Aluminum from an “underweight” rating to an “equal weight” rating and decreased their target price for the company from $169.00 to $160.00 in a research note on Friday. Finally, 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.

Read Our Latest Report on Kaiser Aluminum

Institutional Investors Weigh In On Kaiser Aluminum

Several large investors have recently made changes to their positions in KALU. Allworth Financial LP boosted its holdings in Kaiser Aluminum by 146.6% in the second quarter. Allworth Financial LP now owns 143 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 85 shares in the last quarter. Nykredit A S acquired a new stake in shares of Kaiser Aluminum in the second quarter worth $30,000. Harbor Investment Advisory LLC acquired a new stake in Kaiser Aluminum in the 2nd quarter worth $64,000. KBC Group NV bought a new position in Kaiser Aluminum during the first quarter valued at about $44,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Kaiser Aluminum in the second quarter valued at $87,000. Institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Trading Up 1.8%

Shares of NASDAQ:KALU opened at $155.08 on Friday. The company has a 50 day moving average of $164.13 and a 200-day moving average of $160.25. The company has a current ratio of 2.50, a quick ratio of 1.17 and a debt-to-equity ratio of 1.10. The firm has a market cap of $2.54 billion, a P/E ratio of 11.50 and a beta of 1.61. Kaiser Aluminum has a twelve month low of $73.08 and a twelve month high of $199.89.

Kaiser Aluminum (NASDAQ:KALUGet Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $5.53 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $2.87. Kaiser Aluminum had a net margin of 5.49% and a return on equity of 24.71%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the business earned $1.21 earnings per share. The business’s revenue for the quarter was up 52.7% on a year-over-year basis. As a group, analysts anticipate that Kaiser Aluminum will post 10.63 earnings per share for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 24th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, July 24th. Kaiser Aluminum’s dividend payout ratio (DPR) is 22.83%.

Kaiser Aluminum Company Profile

(Get Free Report)

Kaiser Aluminum Corporation is a manufacturer of semi-fabricated aluminum products. The company produces flat-rolled, extruded and forged aluminum products used by manufacturers in the aerospace, automotive, packaging, industrial and other specialized markets.

Its product portfolio includes aerospace plate and sheet, automotive body sheet, extruded shapes, rod and bar, forged components, and other customized aluminum products. Kaiser Aluminum serves original equipment manufacturers and suppliers that use aluminum for its light weight, strength, durability and recyclability.

The company traces its history to 1946 and operates manufacturing facilities in the United States.

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Analyst Recommendations for Kaiser Aluminum (NASDAQ:KALU)

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