Analysts Set Kaiser Aluminum Corporation (NASDAQ:KALU) Price Target at $99.67

Kaiser Aluminum Corporation (NASDAQ:KALU) has received an average rating of “Hold” from the six research firms that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to 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.

Several analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Kaiser Aluminum in a research note on Monday, December 29th. JPMorgan Chase & Co. increased their price target on Kaiser Aluminum from $82.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Wall Street Zen raised Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. Zacks Research lowered shares of Kaiser Aluminum from a “strong-buy” rating to a “hold” rating 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 company an “equal weight” rating in a research note on Tuesday, January 13th.

Institutional Investors Weigh In On Kaiser Aluminum

Large investors have recently added to or reduced their stakes in the business. State Street Corp increased its holdings in Kaiser Aluminum by 31.9% in the second quarter. State Street Corp now owns 1,154,415 shares of the industrial products company’s stock worth $92,238,000 after purchasing an additional 279,231 shares in the last quarter. Tributary Capital Management LLC increased its stake in shares of Kaiser Aluminum by 92.5% in the 3rd quarter. Tributary Capital Management LLC now owns 500,418 shares of the industrial products company’s stock valued at $38,612,000 after acquiring an additional 240,518 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Kaiser Aluminum during the 3rd quarter valued at $13,111,000. Gabelli Funds LLC bought a new position in Kaiser Aluminum during the second quarter worth $5,013,000. Finally, Raymond James Financial Inc. grew its holdings in Kaiser Aluminum by 211.2% in the second quarter. Raymond James Financial Inc. now owns 82,553 shares of the industrial products company’s stock worth $6,596,000 after purchasing an additional 56,028 shares during the period. Institutional investors and hedge funds own 99.29% of the company’s stock.

Kaiser Aluminum Trading Up 5.7%

NASDAQ KALU opened at $138.51 on Thursday. Kaiser Aluminum has a twelve month low of $46.81 and a twelve month high of $143.02. The business’s fifty day moving average is $119.35 and its 200 day moving average is $95.01. The company has a quick ratio of 1.08, a current ratio of 2.48 and a debt-to-equity ratio of 1.29. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 25.05 and a beta of 1.42.

Kaiser Aluminum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 23rd will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, January 23rd. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 55.70%.

About Kaiser Aluminum

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.