Kaiser Aluminum (NASDAQ:KALU) Price Target Raised to $64.00 at JPMorgan Chase & Co.

Kaiser Aluminum (NASDAQ:KALU - Free Report) had its price target raised by JPMorgan Chase & Co. from $62.00 to $64.00 in a research report report published on Monday,Benzinga reports. The firm currently has a neutral rating on the industrial products company's stock.

A number of other research firms have also issued reports on KALU. Wolfe Research upgraded Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research note on Friday, April 11th. StockNews.com raised shares of Kaiser Aluminum from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Finally, Benchmark reduced their price objective on shares of Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating for the company in a research note on Monday, April 21st.

Kaiser Aluminum Stock Performance

NASDAQ:KALU traded up $2.56 during trading on Monday, reaching $69.16. The company's stock had a trading volume of 219,762 shares, compared to its average volume of 138,901. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 24.10 and a beta of 1.40. The firm has a 50 day moving average of $62.27 and a 200-day moving average of $70.39. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.44. Kaiser Aluminum has a 12 month low of $46.81 and a 12 month high of $102.42.

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

Kaiser Aluminum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 25th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Friday, April 25th. This represents a $3.08 dividend on an annualized basis and a yield of 4.45%. Kaiser Aluminum's dividend payout ratio is currently 115.36%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC lifted its position in Kaiser Aluminum by 101.3% during the third quarter. Barclays PLC now owns 27,454 shares of the industrial products company's stock valued at $1,991,000 after purchasing an additional 13,813 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Kaiser Aluminum during the 3rd quarter worth $217,000. Tidal Investments LLC grew its position in Kaiser Aluminum by 27.9% in the third quarter. Tidal Investments LLC now owns 6,471 shares of the industrial products company's stock worth $469,000 after acquiring an additional 1,412 shares in the last quarter. Franklin Resources Inc. grew its position in Kaiser Aluminum by 7.8% in the third quarter. Franklin Resources Inc. now owns 18,440 shares of the industrial products company's stock worth $1,332,000 after acquiring an additional 1,337 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Kaiser Aluminum by 6.7% in the third quarter. Principal Financial Group Inc. now owns 84,370 shares of the industrial products company's stock valued at $6,119,000 after acquiring an additional 5,287 shares during the last quarter. Hedge funds and other 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.