Kaiser Aluminum (NASDAQ:KALU) Stock Rating Lowered by Zacks Research

Kaiser Aluminum (NASDAQ:KALU) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other research firms have also recently commented on KALU. Weiss Ratings cut Kaiser Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 6th. Wall Street Zen cut Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 21st. JPMorgan Chase & Co. boosted their price target on Kaiser Aluminum from $118.00 to $124.00 and gave the stock a “neutral” rating in a report on Monday, February 23rd. Finally, Wells Fargo & Company boosted their price target on Kaiser Aluminum from $120.00 to $125.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $111.67.

Kaiser Aluminum Price Performance

Shares of Kaiser Aluminum stock traded down $1.28 during trading on Monday, reaching $141.18. 13,615 shares of the company’s stock were exchanged, compared to its average volume of 216,701. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.26 and a current ratio of 2.95. Kaiser Aluminum has a 1-year low of $52.53 and a 1-year high of $150.00. The company has a market cap of $2.29 billion, a P/E ratio of 20.82 and a beta of 1.39. The firm’s 50-day moving average price is $128.94 and its 200 day moving average price is $112.18.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.03). Kaiser Aluminum had a return on equity of 12.69% and a net margin of 3.34%.The business had revenue of $929.00 million for the quarter, compared to analyst estimates of $902.00 million. During the same period last year, the firm posted $0.33 EPS. Kaiser Aluminum’s quarterly revenue was up 21.4% on a year-over-year basis. As a group, research analysts anticipate that Kaiser Aluminum will post 5.14 earnings per share for the current year.

Insider Transactions at Kaiser Aluminum

In other Kaiser Aluminum news, CFO Neal E. West sold 5,000 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $121.72, for a total value of $608,600.00. Following the completion of the transaction, the chief financial officer owned 12,775 shares of the company’s stock, valued at $1,554,973. This represents a 28.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kaiser Aluminum

Institutional investors and hedge funds have recently bought and sold shares of the company. Citigroup Inc. increased its holdings in Kaiser Aluminum by 127.3% in the 3rd quarter. Citigroup Inc. now owns 34,456 shares of the industrial products company’s stock worth $2,659,000 after purchasing an additional 19,294 shares in the last quarter. First National Bank of Omaha acquired a new stake in shares of Kaiser Aluminum in the third quarter valued at about $603,000. AlphaQuest LLC increased its stake in shares of Kaiser Aluminum by 1,096.2% in the third quarter. AlphaQuest LLC now owns 22,453 shares of the industrial products company’s stock valued at $1,732,000 after buying an additional 20,576 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Kaiser Aluminum in the fourth quarter valued at about $5,018,000. Finally, Bright Futures Wealth Management LLC. acquired a new stake in shares of Kaiser Aluminum in the third quarter valued at about $908,000. 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.