Kaiser Aluminum Corporation (NASDAQ:KALU) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Kaiser Aluminum Corporation (NASDAQ:KALU) has received a consensus recommendation of "Hold" from five research firms, with four analysts rating it as hold and one as buy.
• The company's stock has traded around $78.36, with a target price set at $78.00 and a 52-week range between $46.81 and $97.00.
• Kaiser Aluminum reported quarterly earnings of $1.21 per share, surpassing expectations, alongside a recent dividend payment yielding 3.9% annually.

Kaiser Aluminum Corporation (NASDAQ:KALU - Get Free Report) has been assigned a consensus recommendation of "Hold" from the five research firms that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $78.00.

A number of research analysts have recently weighed in on KALU shares. Weiss Ratings restated a "hold (c+)" rating on shares of Kaiser Aluminum in a research report on Saturday, September 27th. Zacks Research cut Kaiser Aluminum from a "strong-buy" rating to a "hold" rating in a report on Friday, September 26th. Wall Street Zen raised Kaiser Aluminum from a "hold" rating to a "buy" rating in a report on Tuesday, September 2nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Kaiser Aluminum from $64.00 to $82.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th.

Institutional Investors Weigh In On Kaiser Aluminum

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KALU. EverSource Wealth Advisors LLC lifted its holdings in shares of Kaiser Aluminum by 475.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company's stock worth $33,000 after acquiring an additional 342 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Kaiser Aluminum during the second quarter valued at approximately $44,000. Tower Research Capital LLC TRC grew its stake in shares of Kaiser Aluminum by 130.9% during the second quarter. Tower Research Capital LLC TRC now owns 605 shares of the industrial products company's stock valued at $48,000 after buying an additional 343 shares during the last quarter. CWM LLC grew its stake in shares of Kaiser Aluminum by 136.3% during the second quarter. CWM LLC now owns 1,616 shares of the industrial products company's stock valued at $129,000 after buying an additional 932 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Kaiser Aluminum by 50.3% during the second quarter. BNP Paribas Financial Markets now owns 1,748 shares of the industrial products company's stock valued at $140,000 after buying an additional 585 shares during the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Kaiser Aluminum Price Performance

Shares of KALU stock traded down $1.02 during mid-day trading on Friday, hitting $78.36. The company had a trading volume of 77,217 shares, compared to its average volume of 98,816. Kaiser Aluminum has a 52-week low of $46.81 and a 52-week high of $97.00. The stock's 50 day moving average price is $76.44 and its 200-day moving average price is $73.13. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.70 and a quick ratio of 1.30. The company has a market capitalization of $1.27 billion, a P/E ratio of 20.14 and a beta of 1.49.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.49 by $0.72. The company had revenue of $823.10 million for the quarter, compared to the consensus estimate of $786.70 million. Kaiser Aluminum had a net margin of 2.05% and a return on equity of 8.03%. Equities research analysts forecast that Kaiser Aluminum will post 5.14 earnings per share for the current year.

Kaiser Aluminum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 25th were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, July 25th. Kaiser Aluminum's dividend payout ratio (DPR) is presently 79.18%.

Kaiser Aluminum Company Profile

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.

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