Kaiser Aluminum Corporation (NASDAQ:KALU) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Kaiser Aluminum Corporation (NASDAQ:KALU) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $159.50.

A number of equities analysts recently issued reports on KALU shares. KeyCorp upped their price objective on shares of Kaiser Aluminum from $170.00 to $183.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. reiterated 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. Wells Fargo & Company boosted their target price on shares of Kaiser Aluminum from $125.00 to $137.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. Wall Street Zen raised shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 18th. Finally, Zacks Research raised shares of Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a report on Tuesday.

Insider Activity

In other Kaiser Aluminum news, SVP Iulian Gheorghe sold 175 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $174.22, for a total transaction of $30,488.50. Following the sale, the senior vice president directly owned 4,448 shares of the company’s stock, valued at $774,930.56. The trade was a 3.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Keith Harvey sold 3,031 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $173.13, for a total transaction of $524,757.03. Following the sale, the chief executive officer directly owned 94,308 shares in the company, valued at $16,327,544.04. The trade was a 3.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 76,731 shares of company stock worth $13,137,697. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Kaiser Aluminum

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Kaiser Aluminum by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 2,117,791 shares of the industrial products company’s stock worth $243,249,000 after acquiring an additional 5,823 shares during the last quarter. State Street Corp boosted its stake in shares of 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 valued at $92,238,000 after purchasing an additional 279,231 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Kaiser Aluminum by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 831,652 shares of the industrial products company’s stock valued at $95,528,000 after purchasing an additional 13,909 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Kaiser Aluminum by 9.8% in the 3rd quarter. American Century Companies Inc. now owns 588,720 shares of the industrial products company’s stock valued at $45,426,000 after purchasing an additional 52,512 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Kaiser Aluminum by 1.1% in the 3rd quarter. Wellington Management Group LLP now owns 502,446 shares of the industrial products company’s stock valued at $38,769,000 after purchasing an additional 5,623 shares during the last quarter. 99.29% of the stock is owned by institutional investors.

Kaiser Aluminum Price Performance

KALU stock opened at $169.29 on Friday. The company has a 50 day simple moving average of $142.75 and a 200 day simple moving average of $124.85. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 18.44 and a beta of 1.60. Kaiser Aluminum has a 1 year low of $68.22 and a 1 year high of $183.00. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.47 and a quick ratio of 1.14.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $3.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $1.78. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $948.50 million. Kaiser Aluminum had a net margin of 4.14% and a return on equity of 17.00%. The firm’s quarterly revenue was up 42.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.44 EPS. Research analysts anticipate that Kaiser Aluminum will post 8.69 EPS for the current fiscal year.

Kaiser Aluminum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, April 24th. Kaiser Aluminum’s payout ratio is presently 33.55%.

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.