JPMorgan Chase & Co. Increases Kaiser Aluminum (NASDAQ:KALU) Price Target to $80.00

Kaiser Aluminum (NASDAQ:KALU - Free Report) had its price objective hoisted by JPMorgan Chase & Co. from $68.00 to $80.00 in a research report sent to investors on Wednesday, Benzinga reports. The firm currently has a neutral rating on the industrial products company's stock.

Separately, UBS Group started coverage on Kaiser Aluminum in a research report on Tuesday, January 16th. They set a neutral rating and a $67.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Kaiser Aluminum has an average rating of Hold and an average price target of $74.50.

Kaiser Aluminum Stock Down 3.0 %

KALU traded down $2.83 on Wednesday, hitting $90.62. 160,556 shares of the company were exchanged, compared to its average volume of 136,433. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.39 and a current ratio of 2.68. The stock's fifty day moving average is $75.97 and its 200-day moving average is $68.44. The company has a market cap of $1.45 billion, a PE ratio of 31.03 and a beta of 1.38. Kaiser Aluminum has a 12 month low of $53.67 and a 12 month high of $95.56.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last announced its earnings results on Thursday, February 22nd. The industrial products company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of ($0.34) by $0.94. The company had revenue of $722.00 million for the quarter, compared to analyst estimates of $716.01 million. Kaiser Aluminum had a return on equity of 8.32% and a net margin of 1.53%. The firm's quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the company earned ($1.66) earnings per share. Equities research analysts predict that Kaiser Aluminum will post 3.59 EPS for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, January 25th were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date was Wednesday, January 24th. Kaiser Aluminum's payout ratio is 105.48%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its position in shares of Kaiser Aluminum by 314.4% in the 1st quarter. Tower Research Capital LLC TRC now owns 518 shares of the industrial products company's stock worth $38,000 after acquiring an additional 393 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Kaiser Aluminum by 400.0% in the 1st quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company's stock worth $48,000 after acquiring an additional 432 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Kaiser Aluminum in the 4th quarter worth about $51,000. NewEdge Advisors LLC raised its position in shares of Kaiser Aluminum by 2,214.3% in the 1st quarter. NewEdge Advisors LLC now owns 810 shares of the industrial products company's stock worth $60,000 after acquiring an additional 775 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Kaiser Aluminum in the 2nd quarter valued at about $80,000. 99.29% of the stock is currently owned by 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.