Brokerages Set Kaiser Aluminum Corporation (NASDAQ:KALU) PT at $99.67

Kaiser Aluminum Corporation (NASDAQ:KALU) has earned an average rating of “Hold” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $99.6667.

A number of brokerages have recently commented on KALU. JPMorgan Chase & Co. upped their price target on Kaiser Aluminum from $82.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. Wall Street Zen raised shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 25th. Zacks Research lowered shares of Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Wells Fargo & Company set a $120.00 price objective on shares of Kaiser Aluminum and gave the stock an “equal weight” rating in a report on Tuesday, January 13th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Kaiser Aluminum in a research note on Monday, December 29th.

Kaiser Aluminum Stock Up 3.3%

Kaiser Aluminum stock opened at $144.71 on Thursday. The firm has a 50 day moving average price of $121.91 and a 200-day moving average price of $96.15. The company has a quick ratio of 1.08, a current ratio of 2.48 and a debt-to-equity ratio of 1.29. Kaiser Aluminum has a twelve month low of $46.81 and a twelve month high of $145.63. The company has a market capitalization of $2.35 billion, a P/E ratio of 26.17 and a beta of 1.42.

Kaiser Aluminum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 23rd 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 2.1%. The ex-dividend date is Friday, January 23rd. Kaiser Aluminum’s payout ratio is presently 55.70%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in KALU. Vanguard Group Inc. lifted its holdings in shares of Kaiser Aluminum by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 2,117,791 shares of the industrial products company’s stock worth $243,249,000 after buying an additional 5,823 shares in the last quarter. State Street Corp increased its holdings in Kaiser Aluminum by 31.9% during the 2nd quarter. State Street Corp now owns 1,154,415 shares of the industrial products company’s stock worth $92,238,000 after acquiring an additional 279,231 shares during the period. Dimensional Fund Advisors LP lifted its stake in Kaiser Aluminum by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 817,743 shares of the industrial products company’s stock worth $63,095,000 after purchasing an additional 4,743 shares in the last quarter. American Century Companies Inc. boosted its holdings in Kaiser Aluminum by 9.8% in the 3rd quarter. American Century Companies Inc. now owns 588,720 shares of the industrial products company’s stock valued at $45,426,000 after purchasing an additional 52,512 shares during the period. Finally, Wellington Management Group LLP grew its position in shares of Kaiser Aluminum by 1.1% during the 3rd quarter. Wellington Management Group LLP now owns 502,446 shares of the industrial products company’s stock valued at $38,769,000 after purchasing an additional 5,623 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation is a U.S.-based producer of semi‐fabricated aluminum products, serving a diverse range of industrial and specialty markets. The company’s offerings include extruded, rolled, and forged aluminum products designed to meet stringent performance requirements in sectors such as aerospace, automotive, defense, electronics, and general engineering. By focusing on high‐value applications, Kaiser Aluminum aims to deliver lightweight, durable solutions that contribute to efficiency and innovation across its customer base.

Operationally, Kaiser Aluminum maintains a network of smelters, extrusion plants, and rolling mills located primarily in North America.