Kaiser Aluminum (NASDAQ:KALU) Given New $74.00 Price Target at Benchmark

Kaiser Aluminum (NASDAQ:KALU - Free Report) had its price objective lowered by Benchmark from $100.00 to $74.00 in a research report released on Monday,Benzinga reports. The brokerage currently has a buy rating on the industrial products company's stock.

Other equities analysts have also recently issued research reports about the stock. Wolfe Research upgraded shares of Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research report on Friday, April 11th. StockNews.com upgraded Kaiser Aluminum from a "sell" rating to a "hold" rating in a report on Friday, April 18th.

Kaiser Aluminum Price Performance

KALU stock traded down $2.26 during mid-day trading on Monday, reaching $59.39. 9,371 shares of the company traded hands, compared to its average volume of 139,965. Kaiser Aluminum has a 52-week low of $46.81 and a 52-week high of $102.42. The company has a market capitalization of $956.24 million, a P/E ratio of 20.78 and a beta of 1.32. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.44 and a quick ratio of 1.36. The company has a fifty day moving average price of $63.07 and a 200-day moving average price of $70.66.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The industrial products company reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.91. The business had revenue of $777.40 million for 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%. As a group, analysts anticipate that Kaiser Aluminum will post 5.14 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Friday, April 25th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date is Friday, April 25th. Kaiser Aluminum's payout ratio is 107.32%.

Institutional Trading of Kaiser Aluminum

Several large investors have recently bought and sold shares of KALU. Wellington Management Group LLP grew its stake in Kaiser Aluminum by 103.6% in the fourth quarter. Wellington Management Group LLP now owns 431,980 shares of the industrial products company's stock worth $30,355,000 after purchasing an additional 219,827 shares during the period. Bridgeway Capital Management LLC purchased a new position in Kaiser Aluminum during the 4th quarter valued at about $4,581,000. Empowered Funds LLC bought a new stake in Kaiser Aluminum during the fourth quarter worth about $3,878,000. Crestline Management LP purchased a new stake in Kaiser Aluminum in the fourth quarter worth about $3,558,000. Finally, American Century Companies Inc. lifted its holdings in shares of Kaiser Aluminum by 12.6% during the fourth quarter. American Century Companies Inc. now owns 447,723 shares of the industrial products company's stock valued at $31,461,000 after purchasing an additional 49,948 shares during the last quarter. 99.29% of the stock is owned by institutional investors.

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.