Kaiser Aluminum Corporation (NASDAQ:KALU – Get Free Report)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $183.00 and last traded at $180.39, with a volume of 260360 shares. The stock had previously closed at $180.33.
Wall Street Analyst Weigh In
KALU has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price target on shares of Kaiser Aluminum from $125.00 to $137.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. Wall Street Zen raised shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 18th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $142.00 price target (up from $124.00) on shares of Kaiser Aluminum in a report on Thursday, April 30th. UBS Group began coverage on Kaiser Aluminum in a research report on Tuesday, May 5th. They set a “neutral” rating and a $176.00 price target on the stock. Finally, Zacks Research downgraded Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Kaiser Aluminum has an average rating of “Hold” and a consensus target price of $159.50.
Read Our Latest Research Report on KALU
Kaiser Aluminum Stock Performance
Kaiser Aluminum (NASDAQ:KALU – Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $3.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $1.78. Kaiser Aluminum had a return on equity of 17.00% and a net margin of 4.14%.The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $948.50 million. During the same period in the previous year, the company posted $1.44 EPS. The firm’s revenue for the quarter was up 42.4% compared to the same quarter last year. On average, sell-side analysts predict that Kaiser Aluminum Corporation will post 8.69 EPS for the current fiscal 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. This represents a $3.08 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, April 24th. Kaiser Aluminum’s payout ratio is presently 33.55%.
Insider Activity at Kaiser Aluminum
In other Kaiser Aluminum news, SVP Iulian Gheorghe sold 175 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $174.22, for a total value of $30,488.50. Following the transaction, the senior vice president directly owned 4,448 shares in the company, valued at $774,930.56. This represents a 3.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard P. Grimley sold 1,524 shares of the company’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $171.52, for a total value of $261,396.48. Following the completion of the transaction, the director owned 4,578 shares in the company, valued at $785,218.56. This represents a 24.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 76,731 shares of company stock worth $13,137,697 in the last 90 days. 1.30% of the stock is owned by company insiders.
Hedge Funds Weigh In On Kaiser Aluminum
Institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its stake in Kaiser Aluminum by 389.3% in the 4th quarter. Farther Finance Advisors LLC now owns 274 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 218 shares during the last quarter. First Horizon Corp bought a new position in Kaiser Aluminum in the 3rd quarter worth about $27,000. KBC Group NV bought a new position in Kaiser Aluminum in the 1st quarter worth about $44,000. Global Retirement Partners LLC increased its stake in Kaiser Aluminum by 408.3% in the 4th quarter. Global Retirement Partners LLC now owns 366 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 294 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its stake in Kaiser Aluminum by 340.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 374 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 289 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors.
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.
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