Brokerages Set Kaiser Aluminum Corporation (NASDAQ:KALU) Price Target at $168.25

Kaiser Aluminum Corporation (NASDAQ:KALU) has received an average recommendation of “Hold” from the six brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $168.25.

KALU has been the subject of several research reports. Wells Fargo & Company lifted their price objective on Kaiser Aluminum from $158.00 to $169.00 and gave the stock an “underweight” rating in a report on Friday, July 24th. Zacks Research upgraded Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Wall Street Zen upgraded Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 2nd. Weiss Ratings raised Kaiser Aluminum from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 18th. Finally, UBS Group upgraded shares of Kaiser Aluminum from a “neutral” rating to a “buy” rating in a research report on Monday.

Institutional Trading of Kaiser Aluminum

Several large investors have recently modified their holdings of the business. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Kaiser Aluminum during the 2nd quarter worth approximately $665,000. California State Teachers Retirement System lifted its stake in Kaiser Aluminum by 18,986.0% in the 2nd quarter. California State Teachers Retirement System now owns 3,937,445 shares of the industrial products company’s stock valued at $770,282,000 after buying an additional 3,916,815 shares in the last quarter. Nykredit A S acquired a new stake in Kaiser Aluminum during the 2nd quarter valued at $30,000. Navellier & Associates Inc. grew its holdings in Kaiser Aluminum by 20.2% during the 2nd quarter. Navellier & Associates Inc. now owns 12,548 shares of the industrial products company’s stock valued at $2,455,000 after buying an additional 2,105 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Kaiser Aluminum during the second quarter worth $87,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Kaiser Aluminum Stock Performance

Shares of KALU opened at $156.38 on Monday. Kaiser Aluminum has a twelve month low of $73.08 and a twelve month high of $199.89. 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 $2.56 billion, a P/E ratio of 11.59 and a beta of 1.61. The firm’s 50-day moving average is $169.70 and its two-hundred day moving average is $157.84.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $5.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $2.87. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.12 billion. Kaiser Aluminum had a net margin of 5.49% and a return on equity of 24.71%. The company’s revenue for the quarter was up 52.7% on a year-over-year basis. During the same period last year, the firm earned $1.21 EPS. On average, research analysts predict that Kaiser Aluminum will post 10.63 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 24th were given a dividend of $0.77 per share. The ex-dividend date was Friday, July 24th. This represents a $3.08 dividend on an annualized basis and a yield of 2.0%. Kaiser Aluminum’s payout ratio is presently 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.