Kaiser Aluminum (NASDAQ:KALU) Research Coverage Started at KeyCorp

KeyCorp started coverage on shares of Kaiser Aluminum (NASDAQ:KALU) in a research note released on Wednesday, MarketBeat reports. The brokerage issued an overweight rating and a $170.00 price objective on the industrial products company’s stock.

Other equities analysts have also recently issued research reports about the company. Wall Street Zen cut Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 21st. Wells Fargo & Company boosted their price objective on Kaiser Aluminum from $125.00 to $137.00 and gave the stock an “equal weight” rating in a report on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Kaiser Aluminum from $118.00 to $124.00 and gave the company a “neutral” rating in a research report on Monday, February 23rd. Weiss Ratings lowered shares of Kaiser Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 6th. Finally, Zacks Research cut shares of Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $126.25.

Kaiser Aluminum Stock Performance

KALU stock opened at $148.35 on Wednesday. The company has a 50 day moving average price of $129.39 and a 200 day moving average price of $113.08. Kaiser Aluminum has a fifty-two week low of $52.53 and a fifty-two week high of $150.00. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.95 and a quick ratio of 1.26. The stock has a market capitalization of $2.40 billion, a PE ratio of 21.88 and a beta of 1.39.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings data 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 firm had revenue of $929.00 million during the quarter, compared to the consensus estimate of $902.00 million. Kaiser Aluminum had a net margin of 3.34% and a return on equity of 12.69%. The firm’s quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.33 earnings per share. Analysts forecast that Kaiser Aluminum will post 5.14 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, April 24th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, April 24th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.1%. Kaiser Aluminum’s payout ratio is 45.43%.

Insider Buying and Selling

In related news, CFO Neal E. West sold 5,000 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer owned 12,775 shares in the company, valued at approximately $1,554,973. This represents a 28.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Kaiser Aluminum

Several institutional investors have recently modified their holdings of KALU. Farther Finance Advisors LLC raised its position in shares of Kaiser Aluminum by 389.3% in the 4th quarter. Farther Finance Advisors LLC now owns 274 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 218 shares during the period. First Horizon Corp acquired a new position in Kaiser Aluminum during the third quarter valued at approximately $27,000. Global Retirement Partners LLC increased its stake in Kaiser Aluminum by 408.3% in the fourth quarter. Global Retirement Partners LLC now owns 366 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 294 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in 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 period. Finally, EverSource Wealth Advisors LLC raised 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 worth $33,000 after purchasing an additional 342 shares during the period. 99.29% of the stock is currently owned by institutional investors and hedge funds.

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.