Kaiser Aluminum Corporation (NASDAQ:KALU) Receives $143.67 Average PT from Analysts

Shares of Kaiser Aluminum Corporation (NASDAQ:KALU) have been given an average recommendation of “Hold” by the five ratings firms that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $143.6667.

A number of research analysts have commented on the company. Wells Fargo & Company upped their price target on Kaiser Aluminum from $125.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. KeyCorp started coverage on Kaiser Aluminum in a research report on Thursday, April 16th. They set an “overweight” rating and a $170.00 price objective on the stock. Wall Street Zen raised Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. Zacks Research lowered Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Weiss Ratings lowered Kaiser Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 6th.

Kaiser Aluminum Stock Up 1.1%

NASDAQ:KALU opened at $164.84 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 2.95 and a debt-to-equity ratio of 1.28. The stock’s fifty day moving average is $130.71 and its two-hundred day moving average is $115.30. Kaiser Aluminum has a 52 week low of $53.33 and a 52 week high of $177.23. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 17.96 and a beta of 1.39.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $3.74 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $1.78. Kaiser Aluminum had a return on equity of 17.39% and a net margin of 4.14%.The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $948.50 million. During the same period in the prior year, the firm earned $1.44 earnings per share. The firm’s revenue was up 42.4% compared to the same quarter last year. Research analysts anticipate that Kaiser Aluminum will post 7.85 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. Stockholders of record on Friday, April 24th will be given 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 1.9%. Kaiser Aluminum’s dividend payout ratio is currently 45.43%.

Insider Buying and Selling at Kaiser Aluminum

In other news, CFO Neal E. West sold 5,000 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $121.72, for a total transaction of $608,600.00. Following the sale, the chief financial officer owned 12,775 shares of the company’s stock, valued at approximately $1,554,973. This represents a 28.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of Kaiser Aluminum

A number of large investors have recently modified their holdings of the stock. Citigroup Inc. increased its holdings in Kaiser Aluminum by 127.3% in the third quarter. Citigroup Inc. now owns 34,456 shares of the industrial products company’s stock valued at $2,659,000 after buying an additional 19,294 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Kaiser Aluminum in the fourth quarter valued at $5,018,000. First National Bank of Omaha purchased a new position in Kaiser Aluminum in the third quarter valued at $603,000. AlphaQuest LLC increased its holdings in Kaiser Aluminum by 1,096.2% in the third quarter. AlphaQuest LLC now owns 22,453 shares of the industrial products company’s stock valued at $1,732,000 after buying an additional 20,576 shares during the last quarter. Finally, Bright Futures Wealth Management LLC. purchased a new position in Kaiser Aluminum in the third quarter valued at $908,000. 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.