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

Shares of Kaiser Aluminum Corporation (NASDAQ:KALU) have been given a consensus rating of “Moderate Buy” by the six brokerages that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $107.6667.

A number of research analysts have recently commented on KALU shares. JPMorgan Chase & Co. increased their target price on Kaiser Aluminum from $118.00 to $124.00 and gave the company a “neutral” rating in a research report on Monday, February 23rd. Zacks Research upgraded shares of Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. 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 upgraded shares of Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 18th. Finally, Wells Fargo & Company lifted their price objective on shares of Kaiser Aluminum from $120.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th.

Kaiser Aluminum Stock Performance

Shares of Kaiser Aluminum stock opened at $114.56 on Friday. Kaiser Aluminum has a twelve month low of $46.81 and a twelve month high of $150.00. 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 business has a 50-day moving average price of $127.69 and a 200-day moving average price of $107.37. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 16.90 and a beta of 1.37.

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

Kaiser Aluminum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 23rd were given a $0.77 dividend. The ex-dividend date was Friday, January 23rd. This represents a $3.08 annualized dividend and a yield of 2.7%. Kaiser Aluminum’s dividend payout ratio (DPR) is currently 45.43%.

Insiders Place Their Bets

In other Kaiser Aluminum news, CFO Neal E. West sold 5,000 shares of the business’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 transaction of $608,600.00. Following the sale, the chief financial officer directly owned 12,775 shares of the company’s stock, valued at $1,554,973. The trade was a 28.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Kaiser Aluminum

A number of institutional investors and hedge funds have recently modified their holdings of KALU. Invesco Ltd. raised its holdings in Kaiser Aluminum by 20.7% during the 4th quarter. Invesco Ltd. now owns 151,511 shares of the industrial products company’s stock valued at $17,403,000 after buying an additional 25,969 shares during the period. Summit Global Investments boosted its stake in Kaiser Aluminum by 148.3% during the fourth quarter. Summit Global Investments now owns 13,274 shares of the industrial products company’s stock worth $1,525,000 after buying an additional 7,927 shares during the period. First Citizens Bank & Trust Co. boosted its stake in Kaiser Aluminum by 81.8% during the fourth quarter. First Citizens Bank & Trust Co. now owns 5,215 shares of the industrial products company’s stock worth $599,000 after buying an additional 2,347 shares during the period. State of Tennessee Department of Treasury increased its position in Kaiser Aluminum by 52.4% during the fourth quarter. State of Tennessee Department of Treasury now owns 11,747 shares of the industrial products company’s stock valued at $1,440,000 after acquiring an additional 4,039 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new stake in shares of Kaiser Aluminum in the fourth quarter valued at $2,028,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.

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.