Kaiser Aluminum Corporation (NASDAQ:KALU – Get Free Report)’s share price traded down 6.8% during trading on Friday . The company traded as low as $172.16 and last traded at $168.3840. 27,212 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 249,455 shares. The stock had previously closed at $180.60.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on KALU shares. Wells Fargo & Company boosted their price objective on Kaiser Aluminum from $158.00 to $169.00 and gave the company an “underweight” rating in a report on Friday. Wall Street Zen upgraded Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 18th. Weiss Ratings reissued a “buy (b-)” rating on shares of Kaiser Aluminum in a research report on Tuesday. Zacks Research lowered shares of Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, UBS Group upped their price objective on shares of Kaiser Aluminum from $176.00 to $179.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $168.25.
View Our Latest Report on Kaiser Aluminum
Kaiser Aluminum Price Performance
Kaiser Aluminum (NASDAQ:KALU – Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $5.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $2.87. Kaiser Aluminum had a net margin of 5.49% and a return on equity of 25.50%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the firm earned $1.21 EPS. The business’s revenue for the quarter was up 52.7% compared to the same quarter last year. As a group, research analysts anticipate that Kaiser Aluminum Corporation will post 9.11 EPS for the current fiscal year.
Kaiser Aluminum Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 24th will be issued a $0.77 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $3.08 annualized dividend and a dividend yield of 1.8%. Kaiser Aluminum’s dividend payout ratio is currently 22.83%.
Insider Buying and Selling
In related news, Director Brett Wilcox sold 15,000 shares of the stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $174.44, for a total transaction of $2,616,600.00. Following the completion of the sale, the director directly owned 9,887 shares of the company’s stock, valued at approximately $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 can be accessed through this link. Also, CFO Neal E. West sold 5,000 shares of Kaiser Aluminum stock in a transaction on Tuesday, April 28th. The stock was 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 in the company, valued at $3,308,279.39. This trade represents a 20.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 71,731 shares of company stock valued at $12,529,097 over the last quarter. Corporate insiders own 1.30% of the company’s stock.
Institutional Investors Weigh In On Kaiser Aluminum
A number of hedge funds have recently made changes to their positions in KALU. Allspring Global Investments Holdings LLC purchased a new position in Kaiser Aluminum in the fourth quarter valued at about $5,018,000. Hillsdale Investment Management Inc. purchased a new stake in shares of Kaiser Aluminum during the 4th quarter worth approximately $5,410,000. Fisher Asset Management LLC increased its stake in shares of Kaiser Aluminum by 14.0% during the 4th quarter. Fisher Asset Management LLC now owns 157,078 shares of the industrial products company’s stock worth $18,042,000 after purchasing an additional 19,291 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Kaiser Aluminum by 24.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 79,701 shares of the industrial products company’s stock worth $6,150,000 after purchasing an additional 15,528 shares during the period. Finally, Deprince Race & Zollo Inc. raised its holdings in shares of Kaiser Aluminum by 47.9% in the 4th quarter. Deprince Race & Zollo Inc. now owns 47,236 shares of the industrial products company’s stock worth $5,426,000 after purchasing an additional 15,299 shares during the period. 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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