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

Kaiser Aluminum (NASDAQ:KALU) had its price target reduced by Benchmark from $100.00 to $74.00 in a report issued on Monday,Benzinga reports. Benchmark currently has a buy rating on the industrial products company’s stock.

Several other research firms also recently weighed in on KALU. Wolfe Research upgraded Kaiser Aluminum from an “underperform” rating to a “peer perform” rating in a report on Friday, April 11th. StockNews.com raised shares of Kaiser Aluminum from a “sell” rating to a “hold” rating in a research report on Friday, April 18th.

Kaiser Aluminum Stock Up 5.3 %

Shares of KALU opened at $58.92 on Monday. Kaiser Aluminum has a 52-week low of $46.81 and a 52-week high of $102.42. The company has a market cap of $948.61 million, a PE ratio of 20.53 and a beta of 1.32. 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 business has a fifty day moving average of $63.22 and a 200 day moving average of $70.73.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.30). Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. The firm had revenue of $765.40 million for the quarter, compared to the consensus estimate of $752.00 million. During the same quarter in the previous year, the company posted $0.60 earnings per share. On average, sell-side analysts expect that Kaiser Aluminum will post 5.14 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 25th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, April 25th. This represents a $3.08 annualized dividend and a dividend yield of 5.23%. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 107.32%.

Institutional Investors Weigh In On Kaiser Aluminum

Several institutional investors have recently bought and sold shares of KALU. AlphaQuest LLC increased its position in shares of Kaiser Aluminum by 497.2% during the fourth 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 purchased a new stake in Kaiser Aluminum in the fourth quarter valued at about $52,000. KBC Group NV boosted its holdings 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 acquiring an additional 410 shares in the last quarter. Aquatic Capital Management LLC grew its stake in shares of 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 worth $118,000 after acquiring an additional 784 shares during the last quarter. Finally, McIlrath & Eck LLC acquired a new position in shares of Kaiser Aluminum during the fourth quarter valued at about $121,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.

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.