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

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

A number of other research firms have also recently commented on KALU. UBS Group assumed coverage on shares of Kaiser Aluminum in a research note on Tuesday, May 5th. They set a “neutral” rating and a $176.00 target price for the company. Wall Street Zen upgraded Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. Weiss Ratings upgraded shares of Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Wells Fargo & Company upped 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, KeyCorp raised their price target on shares of Kaiser Aluminum from $170.00 to $183.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $159.50.

Kaiser Aluminum Trading Up 4.5%

Shares of NASDAQ:KALU opened at $195.63 on Monday. The business’s 50 day moving average price is $177.84 and its 200-day moving average price is $144.41. Kaiser Aluminum has a 1 year low of $71.44 and a 1 year high of $195.96. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 21.31 and a beta of 1.60. 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 issued 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. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $948.50 million. Kaiser Aluminum had a net margin of 4.14% and a return on equity of 17.00%. The firm’s revenue was up 42.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.44 EPS. On average, equities research analysts forecast that Kaiser Aluminum will post 8.69 earnings per share for the current fiscal year.

Insider Activity at Kaiser Aluminum

In other Kaiser Aluminum news, Director Brett Wilcox sold 15,000 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $174.44, for a total value of $2,616,600.00. Following the sale, the director directly owned 9,887 shares of the company’s stock, valued at approximately $1,724,688.28. This represents a 60.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Richard P. Grimley sold 1,524 shares of Kaiser Aluminum stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $171.52, for a total transaction of $261,396.48. Following the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 71,731 shares of company stock worth $12,529,097 over the last ninety days. 1.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kaiser Aluminum

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC purchased a new stake in Kaiser Aluminum in the fourth quarter valued at approximately $5,018,000. Citigroup Inc. grew its position in shares of Kaiser Aluminum by 127.3% during the third quarter. Citigroup Inc. now owns 34,456 shares of the industrial products company’s stock worth $2,659,000 after acquiring an additional 19,294 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Kaiser Aluminum in the 4th quarter valued at $5,410,000. American Century Companies Inc. raised its position in 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, JPMorgan Chase & Co. raised its position in Kaiser Aluminum by 24.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 79,701 shares of the industrial products company’s stock valued at $6,150,000 after purchasing an additional 15,528 shares during the last quarter. 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.