Kaiser Aluminum Corporation (NASDAQ:KALU – Get Free Report) has earned an average rating of “Hold” from the six analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $159.50.
A number of research firms have commented on KALU. Wall Street Zen upgraded Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 18th. JPMorgan Chase & Co. restated an “underweight” rating and set a $142.00 price target (up from $124.00) on shares of Kaiser Aluminum in a research note on Thursday, April 30th. Weiss Ratings raised shares of Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Wells Fargo & Company lifted their target price on shares of Kaiser Aluminum from $125.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Finally, UBS Group started coverage on shares of Kaiser Aluminum in a research report on Tuesday, May 5th. They set a “neutral” rating and a $176.00 target price on the stock.
Get Our Latest Research Report on KALU
Kaiser Aluminum Stock Performance
Kaiser Aluminum (NASDAQ:KALU – Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $3.74 EPS for the quarter, topping the consensus estimate of $1.96 by $1.78. Kaiser Aluminum had a return on equity of 17.00% and a net margin of 4.14%.The firm had revenue of $1.11 billion during 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 business’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 will post 8.69 earnings per share for the current fiscal year.
Kaiser Aluminum Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, April 24th. Kaiser Aluminum’s payout ratio is presently 33.55%.
Insider Transactions at Kaiser Aluminum
In other Kaiser Aluminum news, Director Richard P. Grimley sold 1,524 shares of the firm’s stock in a transaction that occurred 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 transaction, the director directly owned 4,578 shares of the company’s stock, valued at approximately $785,218.56. This trade represents a 24.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Brett Wilcox sold 15,000 shares of Kaiser Aluminum stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $174.44, for a total transaction of $2,616,600.00. Following the sale, the director owned 9,887 shares of the company’s stock, valued at approximately $1,724,688.28. The trade was a 60.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 71,731 shares of company stock worth $12,529,097 over the last 90 days. Insiders own 1.30% of the company’s stock.
Institutional Investors Weigh In On Kaiser Aluminum
Several hedge funds and other institutional investors have recently added to or reduced their stakes in KALU. Farther Finance Advisors LLC raised its stake in shares of Kaiser Aluminum by 389.3% during the 4th quarter. Farther Finance Advisors LLC now owns 274 shares of the industrial products company’s stock valued at $31,000 after buying an additional 218 shares during the last quarter. KBC Group NV acquired a new position in shares of Kaiser Aluminum in the 1st quarter valued at $44,000. Global Retirement Partners LLC boosted its holdings in Kaiser Aluminum by 408.3% during the fourth quarter. Global Retirement Partners LLC now owns 366 shares of the industrial products company’s stock worth $42,000 after buying an additional 294 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings 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 buying an additional 342 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in shares of Kaiser Aluminum by 107.2% in the first quarter. Parallel Advisors LLC now owns 487 shares of the industrial products company’s stock worth $59,000 after acquiring an additional 252 shares during the period. 99.29% of the stock is owned by institutional investors and hedge funds.
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.
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