Kaiser Aluminum (NASDAQ:KALU) Stock Price Up 10.2% Following Strong Earnings

Kaiser Aluminum Corporation (NASDAQ:KALU)’s share price shot up 10.2% on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $178.87 and last traded at $181.0220. Approximately 41,783 shares were traded during trading, a decline of 83% from the average session volume of 247,725 shares. The stock had previously closed at $164.32.

The industrial products company reported $5.53 earnings per share for the quarter, beating the consensus estimate of $2.66 by $2.87. Kaiser Aluminum had a return on equity of 25.50% and a net margin of 5.49%.The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the company posted $1.21 earnings per share. The firm’s quarterly revenue was up 52.7% on a year-over-year basis.

Kaiser Aluminum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 24th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $3.08 dividend on an annualized basis and a yield of 1.7%. Kaiser Aluminum’s dividend payout ratio (DPR) is 22.83%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KALU. Zacks Research cut shares of Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Weiss Ratings raised Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. KeyCorp lifted their price target on Kaiser Aluminum from $170.00 to $183.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Wells Fargo & Company reissued an “underweight” rating and issued a $158.00 price target on shares of Kaiser Aluminum in a research report on Thursday, July 9th. Finally, Wall Street Zen upgraded Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 18th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Kaiser Aluminum has a consensus rating of “Hold” and a consensus target price of $165.50.

Insider Buying and Selling at Kaiser Aluminum

In other news, Director Richard P. Grimley sold 1,524 shares of the stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $171.52, for a total transaction of $261,396.48. Following the completion of the sale, the director owned 4,578 shares in the company, valued at approximately $785,218.56. This represents a 24.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Neal E. West sold 5,000 shares of the stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $173.29, for a total value of $866,450.00. Following the sale, the chief financial officer owned 19,091 shares of the company’s stock, valued at approximately $3,308,279.39. This represents a 20.75% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 71,731 shares of company stock valued at $12,529,097. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Kaiser Aluminum

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund raised its position in Kaiser Aluminum by 1.7% during the first quarter. Oregon Public Employees Retirement Fund now owns 3,704 shares of the industrial products company’s stock valued at $446,000 after acquiring an additional 62 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Kaiser Aluminum by 18.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 471 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 73 shares during the period. Commonwealth Equity Services LLC lifted 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 acquiring an additional 76 shares during the period. ProShare Advisors LLC boosted its position in Kaiser Aluminum by 3.2% in 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 in the last quarter. Finally, GAMMA Investing LLC boosted its position in Kaiser Aluminum by 20.0% in the 4th quarter. GAMMA Investing LLC now owns 630 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 105 shares in the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Kaiser Aluminum Stock Up 9.9%

The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 13.39 and a beta of 1.59. The business’s 50 day moving average price is $176.18 and its 200 day moving average price is $150.73. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.14 and a current ratio of 2.47.

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.