Kaiser Aluminum (NASDAQ:KALU) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Kaiser Aluminum (NASDAQ:KALU) had its price target increased by JPMorgan Chase & Co. from $62.00 to $64.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a neutral rating on the industrial products company’s stock.

Other research analysts have also issued research reports about the company. Benchmark reduced their price objective on Kaiser Aluminum from $100.00 to $74.00 and set a “buy” rating for the company in a research report on Monday, April 21st. Wolfe Research raised Kaiser Aluminum from an “underperform” rating to a “peer perform” rating in a research note on Friday, April 11th. Finally, StockNews.com raised Kaiser Aluminum from a “sell” rating to a “hold” rating in a research report on Friday, April 18th.

Kaiser Aluminum Stock Performance

Shares of KALU stock opened at $64.38 on Monday. The company’s fifty day moving average price is $62.71 and its 200-day moving average price is $70.53. The stock has a market cap of $1.04 billion, a PE ratio of 22.43 and a beta of 1.32. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. Kaiser Aluminum has a 12 month low of $46.81 and a 12 month high of $102.42.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings results on Wednesday, April 23rd. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.91. The company had revenue of $777.40 million during the quarter, compared to analysts’ expectations of $788.00 million. Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. Kaiser Aluminum’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the company posted $1.02 EPS. On average, equities analysts expect that Kaiser Aluminum will post 5.14 EPS for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 25th will be given a $0.77 dividend. The ex-dividend date is Friday, April 25th. This represents a $3.08 annualized dividend and a yield of 4.78%. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 115.36%.

Institutional Trading of Kaiser Aluminum

Institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP increased its holdings in Kaiser Aluminum by 103.6% in the 4th quarter. Wellington Management Group LLP now owns 431,980 shares of the industrial products company’s stock worth $30,355,000 after buying an additional 219,827 shares in the last quarter. Bridgeway Capital Management LLC purchased a new stake in shares of Kaiser Aluminum during the 4th quarter valued at about $4,581,000. Empowered Funds LLC bought a new stake in shares of Kaiser Aluminum in the fourth quarter worth approximately $3,878,000. Crestline Management LP purchased a new position in shares of Kaiser Aluminum during the fourth quarter valued at approximately $3,558,000. Finally, American Century Companies Inc. lifted its position in Kaiser Aluminum by 12.6% during the fourth quarter. American Century Companies Inc. now owns 447,723 shares of the industrial products company’s stock valued at $31,461,000 after purchasing an additional 49,948 shares during the period. Institutional investors own 99.29% of the company’s stock.

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.