Benchmark Lowers Kaiser Aluminum (NASDAQ:KALU) Price Target to $74.00

Kaiser Aluminum (NASDAQ:KALU - Free Report) had its price target reduced by Benchmark from $100.00 to $74.00 in a research note released on Monday,Benzinga reports. They currently have a buy rating on the industrial products company's stock.

KALU has been the topic of several other research reports. StockNews.com raised shares of Kaiser Aluminum from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Wolfe Research raised Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a report on Friday, April 11th.

Kaiser Aluminum Price Performance

KALU traded down $1.76 during trading on Monday, reaching $60.66. 222,209 shares of the company were exchanged, compared to its average volume of 137,338. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 1.56. The company has a market cap of $976.63 million, a price-to-earnings ratio of 21.14 and a beta of 1.32. Kaiser Aluminum has a 12-month low of $46.81 and a 12-month high of $102.42. The company's 50-day moving average is $62.85 and its two-hundred day moving average is $70.59.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $1.44 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 analyst estimates of $788.00 million. Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. Research analysts forecast that Kaiser Aluminum will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Friday, April 25th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 5.08%. The ex-dividend date of this dividend is Friday, April 25th. Kaiser Aluminum's dividend payout ratio (DPR) is currently 107.32%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AlphaQuest LLC boosted its holdings in shares of Kaiser Aluminum by 497.2% in the 4th quarter. AlphaQuest LLC now owns 651 shares of the industrial products company's stock worth $46,000 after purchasing an additional 542 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in Kaiser Aluminum in the 4th quarter worth approximately $52,000. KBC Group NV boosted its stake in Kaiser Aluminum by 93.0% in the fourth quarter. KBC Group NV now owns 851 shares of the industrial products company's stock worth $60,000 after buying an additional 410 shares in the last quarter. Aquatic Capital Management LLC grew its position in Kaiser Aluminum by 87.1% during the fourth quarter. Aquatic Capital Management LLC now owns 1,684 shares of the industrial products company's stock valued at $118,000 after acquiring an additional 784 shares during the last quarter. Finally, McIlrath & Eck LLC purchased a new position in shares of Kaiser Aluminum during the fourth quarter worth approximately $121,000. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

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.