Brokerages Set Kaiser Aluminum Corp. (KALU) Target Price at $105.29

Kaiser Aluminum Corp. (NASDAQ:KALU) has earned a consensus recommendation of “Hold” from the eleven research firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $105.29.

A number of research analysts have weighed in on the stock. BidaskClub raised shares of Kaiser Aluminum from a “hold” rating to a “buy” rating in a research report on Friday, December 7th. Jefferies Financial Group raised shares of Kaiser Aluminum from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a research report on Tuesday, October 23rd. Finally, Zacks Investment Research raised shares of Kaiser Aluminum from a “sell” rating to a “hold” rating in a research report on Friday, February 1st.

Kaiser Aluminum stock opened at $107.07 on Friday. The company has a market capitalization of $1.72 billion, a P/E ratio of 21.04 and a beta of 0.98. The company has a quick ratio of 2.48, a current ratio of 3.50 and a debt-to-equity ratio of 0.49. Kaiser Aluminum has a 1 year low of $83.29 and a 1 year high of $119.66.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Friday, January 25th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.24%. This is a boost from Kaiser Aluminum’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Thursday, January 24th. Kaiser Aluminum’s payout ratio is 47.15%.

In other news, CEO Jack A. Hockema sold 1,500 shares of the business’s stock in a transaction on Friday, January 18th. The shares were sold at an average price of $100.27, for a total transaction of $150,405.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.20% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Quantamental Technologies LLC acquired a new stake in Kaiser Aluminum in the fourth quarter valued at $26,000. BlueMountain Capital Management LLC acquired a new stake in Kaiser Aluminum in the third quarter valued at $121,000. LS Investment Advisors LLC raised its holdings in Kaiser Aluminum by 285.9% in the fourth quarter. LS Investment Advisors LLC now owns 1,914 shares of the industrial products company’s stock valued at $171,000 after acquiring an additional 1,418 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in Kaiser Aluminum in the third quarter valued at $203,000. Finally, Paloma Partners Management Co acquired a new stake in Kaiser Aluminum in the third quarter valued at $207,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The company offers rolled, extruded, and drawn aluminum products used principally for aerospace and defense, automotive, consumer durables, electronics, electrical, and machinery and equipment applications.

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Analyst Recommendations for Kaiser Aluminum (NASDAQ:KALU)

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