Kaiser Aluminum (NASDAQ:KALU – Get Free Report) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.
KALU has been the subject of several other research reports. Wells Fargo & Company increased their price objective on shares of Kaiser Aluminum from $125.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Wall Street Zen raised shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $142.00 price objective (up from $124.00) on shares of Kaiser Aluminum in a research report on Thursday, April 30th. UBS Group initiated coverage on shares of Kaiser Aluminum in a report on Tuesday, May 5th. They set a “neutral” rating and a $176.00 target price for the company. Finally, KeyCorp increased their target price on shares of Kaiser Aluminum from $170.00 to $183.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $159.50.
Get Our Latest Analysis on Kaiser Aluminum
Kaiser Aluminum Stock Up 1.7%
Kaiser Aluminum (NASDAQ:KALU – Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $1.78. Kaiser Aluminum had a net margin of 4.14% and a return on equity of 17.00%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $948.50 million. During the same quarter 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. As a group, equities research analysts predict that Kaiser Aluminum will post 8.69 earnings per share for the current fiscal year.
Insider Transactions at Kaiser Aluminum
In other Kaiser Aluminum news, Director Brett Wilcox sold 15,000 shares of the stock in a transaction on Monday, April 27th. The shares were sold at an average price of $174.44, for a total value of $2,616,600.00. Following the completion of the sale, the director owned 9,887 shares in the company, valued at $1,724,688.28. This trade represents a 60.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard P. Grimley sold 1,524 shares of the stock in a transaction on Wednesday, April 29th. The shares were 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 of the company’s stock, valued at approximately $785,218.56. This represents a 24.98% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 76,731 shares of company stock valued at $13,137,697. 1.30% of the stock is owned by company insiders.
Institutional Trading of Kaiser Aluminum
Large investors have recently added to or reduced their stakes in the company. First Horizon Corp acquired a new stake in Kaiser Aluminum in the third quarter valued at $27,000. Hantz Financial Services Inc. lifted its stake 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 valued at $29,000 after acquiring an additional 289 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Kaiser Aluminum by 389.3% in the fourth 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 last quarter. EverSource Wealth Advisors LLC lifted its stake 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 valued at $33,000 after acquiring an additional 342 shares during the last quarter. Finally, Global Retirement Partners LLC lifted 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 acquiring an additional 294 shares during the last quarter. Institutional investors and hedge funds 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.
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