Kaiser Aluminum Corporation (NASDAQ:KALU) Given Average Recommendation of “Hold” by Analysts

Shares of Kaiser Aluminum Corporation (NASDAQ:KALU) have earned an average rating of “Hold” from the six analysts that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $99.6667.

Several brokerages have weighed in on KALU. JPMorgan Chase & Co. lifted their price target on shares of Kaiser Aluminum from $82.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Wells Fargo & Company set a $120.00 price objective on shares of Kaiser Aluminum and gave the company an “equal weight” rating in a research report on Tuesday. Wall Street Zen upgraded shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kaiser Aluminum in a research note on Monday, December 29th. Finally, Zacks Research cut Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th.

Kaiser Aluminum Price Performance

NASDAQ KALU opened at $128.24 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.08 and a current ratio of 2.48. The business’s fifty day moving average is $108.38 and its 200 day moving average is $90.62. The company has a market capitalization of $2.08 billion, a PE ratio of 23.19 and a beta of 1.44. Kaiser Aluminum has a fifty-two week low of $46.81 and a fifty-two week high of $132.54.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $1.86 EPS for the quarter, topping the consensus estimate of $0.80 by $1.06. The firm had revenue of $843.50 million for the quarter, compared to the consensus estimate of $908.00 million. Kaiser Aluminum had a return on equity of 10.67% and a net margin of 2.85%.The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 earnings per share. Sell-side analysts predict that Kaiser Aluminum will post 5.14 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 23rd will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, January 23rd. Kaiser Aluminum’s dividend payout ratio (DPR) is 55.70%.

Insiders Place Their Bets

In other Kaiser Aluminum news, EVP Blain Tiffany sold 8,656 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $93.92, for a total value of $812,971.52. Following the completion of the transaction, the executive vice president directly owned 26,275 shares in the company, valued at $2,467,748. This represents a 24.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Kaiser Aluminum

Several institutional investors have recently bought and sold shares of the stock. State Street Corp lifted its stake in Kaiser Aluminum by 31.9% in the 2nd quarter. State Street Corp now owns 1,154,415 shares of the industrial products company’s stock worth $92,238,000 after purchasing an additional 279,231 shares in the last quarter. Tributary Capital Management LLC boosted its stake in Kaiser Aluminum by 92.5% during the third quarter. Tributary Capital Management LLC now owns 500,418 shares of the industrial products company’s stock valued at $38,612,000 after buying an additional 240,518 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in Kaiser Aluminum during the third quarter valued at approximately $13,111,000. Gabelli Funds LLC purchased a new position in Kaiser Aluminum during the 2nd quarter valued at approximately $5,013,000. Finally, Raymond James Financial Inc. increased its stake in Kaiser Aluminum by 211.2% in the 2nd quarter. Raymond James Financial Inc. now owns 82,553 shares of the industrial products company’s stock worth $6,596,000 after acquiring an additional 56,028 shares during the last quarter. 99.29% of the stock is owned by hedge funds and other 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.