Kaiser Aluminum Corporation (NASDAQ:KALU) Given Average Rating of “Hold” by Brokerages

Shares of Kaiser Aluminum Corporation (NASDAQ:KALU) have received an average rating of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $168.25.

KALU has been the topic of several research analyst reports. Zacks Research lowered shares of Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. KeyCorp lifted their target price on shares of Kaiser Aluminum from $170.00 to $183.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Wells Fargo & Company upped their price target on shares of Kaiser Aluminum from $158.00 to $169.00 and gave the company an “underweight” rating in a research note on Friday, July 24th. UBS Group increased their price target on shares of Kaiser Aluminum from $176.00 to $179.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Finally, Wall Street Zen downgraded shares of Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th.

Institutional Trading of Kaiser Aluminum

Several hedge funds have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. bought a new stake in Kaiser Aluminum in the 2nd quarter valued at $10,659,000. GAMMA Investing LLC lifted its holdings in shares of Kaiser Aluminum by 25.5% during the second quarter. GAMMA Investing LLC now owns 897 shares of the industrial products company’s stock worth $175,000 after buying an additional 182 shares in the last quarter. Harbor Investment Advisory LLC acquired a new stake in shares of Kaiser Aluminum during the second quarter worth $64,000. Pacific Excel Wealth Advisors Inc. bought a new stake in shares of Kaiser Aluminum in the second quarter valued at about $207,000. Finally, PVG Asset Management Corp boosted its position in shares of Kaiser Aluminum by 331.9% in the first quarter. PVG Asset Management Corp now owns 8,374 shares of the industrial products company’s stock valued at $1,009,000 after acquiring an additional 6,435 shares during the period. 99.29% of the stock is owned by institutional investors and hedge funds.

Kaiser Aluminum Stock Down 6.6%

KALU stock opened at $151.44 on Thursday. Kaiser Aluminum has a 1-year low of $71.44 and a 1-year high of $195.96. The business’s 50 day simple moving average is $175.60 and its 200 day simple moving average is $151.79. The company has a current ratio of 2.50, a quick ratio of 1.17 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $2.48 billion, a PE ratio of 11.23 and a beta of 1.59.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $5.53 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 24.71%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the previous year, the business posted $1.21 earnings per share. The company’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 will post 9.11 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 24th will be paid a dividend of $0.77 per share. The ex-dividend date is Friday, July 24th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.0%. Kaiser Aluminum’s dividend payout ratio (DPR) is 22.83%.

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.