Kaiser Aluminum Corporation (NASDAQ:KALU) Receives Consensus Rating of “Hold” from Brokerages

Kaiser Aluminum Corporation (NASDAQ:KALU) has received an average recommendation of “Hold” from the six research firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $99.6667.

A number of equities research analysts have recently issued reports on KALU shares. Zacks Research cut shares of Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. JPMorgan Chase & Co. boosted their price target on shares of Kaiser Aluminum from $82.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Wall Street Zen raised Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kaiser Aluminum in a report on Monday, December 29th. Finally, Wells Fargo & Company set a $120.00 target price on Kaiser Aluminum and gave the company an “equal weight” rating in a research note on Tuesday.

Kaiser Aluminum Price Performance

Shares of Kaiser Aluminum stock opened at $131.22 on Friday. The firm has a market capitalization of $2.13 billion, a PE ratio of 23.73 and a beta of 1.44. The company has a current ratio of 2.48, a quick ratio of 1.08 and a debt-to-equity ratio of 1.29. Kaiser Aluminum has a 12 month low of $46.81 and a 12 month high of $132.54. The business’s 50-day moving average price is $107.71 and its 200-day moving average price is $90.23.

Kaiser Aluminum (NASDAQ:KALU) last issued its earnings results on Wednesday, October 22nd. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $1.06. Kaiser Aluminum had a return on equity of 10.67% and a net margin of 2.85%.The business had revenue of $843.50 million during the quarter, compared to analyst estimates of $908.00 million. During the same quarter in the prior year, the firm earned $0.51 earnings per share. Kaiser Aluminum’s revenue for the quarter was up 12.8% on a year-over-year basis. Sell-side analysts forecast that Kaiser Aluminum will post 5.14 EPS for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 23rd will be given a $0.77 dividend. The ex-dividend date is Friday, January 23rd. This represents a $3.08 annualized dividend and a yield of 2.3%. Kaiser Aluminum’s payout ratio is presently 55.70%.

Insider Buying and Selling at Kaiser Aluminum

In related news, EVP Blain Tiffany sold 8,656 shares of Kaiser Aluminum stock in a transaction on Friday, November 7th. The shares were sold at an average price of $93.92, for a total value of $812,971.52. Following the transaction, the executive vice president directly owned 26,275 shares of the company’s stock, valued at $2,467,748. The trade was a 24.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Kaiser Aluminum

A number of large investors have recently added to or reduced their stakes in KALU. Allspring Global Investments Holdings LLC bought a new position in shares of Kaiser Aluminum during the fourth quarter valued at about $5,018,000. Dakota Wealth Management bought a new position in Kaiser Aluminum during the 4th quarter valued at approximately $560,000. Trust Point Inc. bought a new position in Kaiser Aluminum during the 4th quarter valued at approximately $292,000. Synergy Asset Management LLC purchased a new stake in Kaiser Aluminum in the 4th quarter worth approximately $283,000. Finally, DAVENPORT & Co LLC bought a new stake in shares of Kaiser Aluminum in the 4th quarter worth approximately $291,000. Institutional investors own 99.29% of the company’s stock.

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.