Kaiser Aluminum’s (KALU) Equal Weight Rating Reiterated at Wells Fargo & Company

Wells Fargo & Company reiterated their equal weight rating on shares of Kaiser Aluminum (NASDAQ:KALU) in a report issued on Tuesday morning, MarketBeat Ratings reports. They currently have a $120.00 price objective on the industrial products company’s stock, up from their prior price objective of $108.00.

Other equities research analysts have also issued reports about the company. Weiss Ratings restated a “hold (c+)” rating on shares of Kaiser Aluminum in a research note on Monday, December 29th. Wall Street Zen raised Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 25th. JPMorgan Chase & Co. raised their price objective on Kaiser Aluminum from $82.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Finally, Zacks Research cut Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $99.67.

Kaiser Aluminum Price Performance

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

Kaiser Aluminum (NASDAQ:KALU) last announced its earnings results on Wednesday, October 22nd. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $1.06. Kaiser Aluminum had a net margin of 2.85% and a return on equity of 10.67%. The company had revenue of $843.50 million during the quarter, compared to analyst estimates of $908.00 million. During the same period in the previous year, the business posted $0.51 earnings per share. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. Equities research analysts expect that Kaiser Aluminum will post 5.14 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 23rd will be given a dividend of $0.77 per share. The ex-dividend date is Friday, January 23rd. This represents a $3.08 annualized dividend and a dividend yield of 2.3%. Kaiser Aluminum’s dividend payout ratio (DPR) is currently 55.70%.

Insider Transactions at Kaiser Aluminum

In related news, EVP Blain Tiffany sold 8,656 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was 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 approximately $2,467,748. The trade was a 24.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Kaiser Aluminum

A number of institutional investors have recently added to or reduced their stakes in KALU. State Street Corp lifted its holdings in shares of Kaiser Aluminum by 31.9% in the second quarter. State Street Corp now owns 1,154,415 shares of the industrial products company’s stock worth $92,238,000 after buying an additional 279,231 shares in the last quarter. Tributary Capital Management LLC increased its holdings in Kaiser Aluminum by 92.5% in the 3rd quarter. Tributary Capital Management LLC now owns 500,418 shares of the industrial products company’s stock valued at $38,612,000 after acquiring an additional 240,518 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in Kaiser Aluminum in the 3rd quarter valued at $13,111,000. Gabelli Funds LLC purchased a new stake in Kaiser Aluminum in the 2nd quarter worth $5,013,000. Finally, Raymond James Financial Inc. boosted its holdings in shares of Kaiser Aluminum by 211.2% during the 2nd quarter. Raymond James Financial Inc. now owns 82,553 shares of the industrial products company’s stock valued at $6,596,000 after purchasing an additional 56,028 shares during the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

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.