Kaiser Aluminum Corporation (NASDAQ:KALU) Receives $95.67 Average Price Target from Analysts

Shares of Kaiser Aluminum Corporation (NASDAQ:KALU) have been assigned a consensus rating of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $99.6667.

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

Insider Buying and Selling at Kaiser Aluminum

In related news, EVP Blain Tiffany sold 8,656 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $93.92, for a total transaction of $812,971.52. Following the sale, the executive vice president owned 26,275 shares in the company, valued at $2,467,748. The trade was a 24.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.40% of the stock is currently owned by company insiders.

Institutional Trading of Kaiser Aluminum

A number of hedge funds have recently made changes to their positions in the company. First Horizon Corp acquired a new position in shares of Kaiser Aluminum in the third quarter valued at approximately $27,000. Hantz Financial Services Inc. grew its stake in shares of Kaiser Aluminum by 340.0% in the third quarter. Hantz Financial Services Inc. now owns 374 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 289 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Kaiser Aluminum by 475.0% in the second quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 342 shares during the period. Quantbot Technologies LP bought a new position in Kaiser Aluminum during the 2nd quarter worth $44,000. Finally, Tower Research Capital LLC TRC raised its position in Kaiser Aluminum by 130.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 605 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 343 shares during the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

Kaiser Aluminum Trading Down 0.3%

Shares of Kaiser Aluminum stock opened at $126.39 on Friday. 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 12-month low of $46.81 and a 12-month high of $127.62. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 22.86 and a beta of 1.44. The firm’s 50-day moving average price is $106.21 and its two-hundred day moving average price is $89.67.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $1.06. The company had revenue of $843.50 million during the quarter, compared to the consensus estimate of $908.00 million. Kaiser Aluminum had a net margin of 2.85% and a return on equity of 10.67%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 EPS. On average, analysts forecast that Kaiser Aluminum will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, January 23rd will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, January 23rd. Kaiser Aluminum’s dividend payout ratio is presently 55.70%.

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.