Brokerages Set Kaiser Aluminum Corporation (NASDAQ:KALU) Price Target at $107.67

Shares of Kaiser Aluminum Corporation (NASDAQ:KALU) have earned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $107.6667.

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Kaiser Aluminum from $120.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. Wall Street Zen downgraded shares of Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 21st. Weiss Ratings restated a “hold (c+)” rating on shares of Kaiser Aluminum in a research report on Monday, December 29th. JPMorgan Chase & Co. boosted their target price on shares of Kaiser Aluminum from $118.00 to $124.00 and gave the stock a “neutral” rating in a research note on Monday, February 23rd. Finally, Zacks Research upgraded shares of Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th.

Kaiser Aluminum Stock Performance

Shares of NASDAQ:KALU opened at $130.76 on Monday. Kaiser Aluminum has a 12-month low of $46.81 and a 12-month high of $150.00. The company’s 50 day moving average price is $128.96 and its two-hundred day moving average price is $102.23. The firm has a market cap of $2.12 billion, a PE ratio of 19.29 and a beta of 1.37. The company has a quick ratio of 1.26, a current ratio of 2.95 and a debt-to-equity ratio of 1.28.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.03). The company had revenue of $929.00 million during the quarter, compared to the consensus estimate of $902.00 million. Kaiser Aluminum had a return on equity of 12.69% and a net margin of 3.34%.The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.33 EPS. Equities research analysts predict that Kaiser Aluminum will post 5.14 earnings per share for the current year.

Kaiser Aluminum Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 23rd were issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, January 23rd. Kaiser Aluminum’s payout ratio is 45.43%.

Insider Activity

In other news, CFO Neal E. West sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $121.72, for a total value of $608,600.00. Following the completion of the transaction, the chief financial officer owned 12,775 shares of the company’s stock, valued at $1,554,973. This represents a 28.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kaiser Aluminum

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its holdings in shares of Kaiser Aluminum by 18.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 471 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 73 shares during the period. Commonwealth Equity Services LLC increased its holdings in Kaiser Aluminum by 2.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,916 shares of the industrial products company’s stock valued at $450,000 after purchasing an additional 76 shares during the period. ProShare Advisors LLC raised its position in Kaiser Aluminum by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 3,127 shares of the industrial products company’s stock worth $359,000 after purchasing an additional 97 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Kaiser Aluminum by 20.0% during the 4th quarter. GAMMA Investing LLC now owns 630 shares of the industrial products company’s stock worth $72,000 after buying an additional 105 shares during the period. Finally, State of Alaska Department of Revenue grew its position in shares of Kaiser Aluminum by 1.2% in the 4th quarter. State of Alaska Department of Revenue now owns 8,842 shares of the industrial products company’s stock valued at $1,014,000 after buying an additional 109 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

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.