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

Kaiser Aluminum Corporation (NASDAQ:KALU) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $107.6667.

A number of research firms recently commented on KALU. Wells Fargo & Company lifted their price target on Kaiser Aluminum from $120.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. Wall Street Zen lowered Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 21st. Zacks Research upgraded Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. Weiss Ratings upgraded Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 18th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Kaiser Aluminum from $118.00 to $124.00 and gave the stock a “neutral” rating in a report on Monday, February 23rd.

Insider Buying and Selling

In other news, CFO Neal E. West sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $121.72, for a total transaction of $608,600.00. Following the completion of the transaction, the chief financial officer directly owned 12,775 shares of the company’s stock, valued at approximately $1,554,973. This represents a 28.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in KALU. Royal Bank of Canada boosted its holdings in shares of Kaiser Aluminum by 212.6% during the first quarter. Royal Bank of Canada now owns 5,815 shares of the industrial products company’s stock valued at $352,000 after acquiring an additional 3,955 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in Kaiser Aluminum during the 1st quarter valued at about $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Kaiser Aluminum by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,491 shares of the industrial products company’s stock worth $575,000 after purchasing an additional 397 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Kaiser Aluminum by 2.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,971 shares of the industrial products company’s stock valued at $2,544,000 after purchasing an additional 1,084 shares during the period. Finally, Jane Street Group LLC raised its holdings in shares of Kaiser Aluminum by 323.6% during the first quarter. Jane Street Group LLC now owns 55,190 shares of the industrial products company’s stock valued at $3,346,000 after buying an additional 42,160 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors.

Kaiser Aluminum Stock Down 2.8%

KALU stock opened at $114.87 on Friday. The company has a current ratio of 2.95, a quick ratio of 1.26 and a debt-to-equity ratio of 1.28. The firm has a 50 day simple moving average of $127.96 and a 200-day simple moving average of $106.65. The company has a market capitalization of $1.86 billion, a P/E ratio of 16.94 and a beta of 1.37. Kaiser Aluminum has a twelve month low of $46.81 and a twelve month high of $150.00.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings data 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). The company had revenue of $929.00 million for the quarter, compared to the consensus estimate of $902.00 million. Kaiser Aluminum had a net margin of 3.34% and a return on equity of 12.69%. The company’s revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 earnings per share. On average, equities research analysts predict that Kaiser Aluminum will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 23rd were paid a dividend of $0.77 per share. The ex-dividend date was Friday, January 23rd. This represents a $3.08 annualized dividend and a yield of 2.7%. Kaiser Aluminum’s dividend payout ratio is 45.43%.

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.