Kaiser Aluminum Corporation (NASDAQ:KALU) Receives $99.67 Average PT from Analysts

Shares of Kaiser Aluminum Corporation (NASDAQ:KALU) have earned an average recommendation of “Hold” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $99.6667.

KALU has been the topic of several analyst reports. JPMorgan Chase & Co. upped their target price on shares of Kaiser Aluminum from $82.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kaiser Aluminum in a report on Monday, December 29th. Wall Street Zen upgraded shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. Wells Fargo & Company set a $120.00 price target on Kaiser Aluminum and gave the stock an “equal weight” rating in a research report on Tuesday, January 13th. Finally, Zacks Research cut Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th.

Institutional Trading of Kaiser Aluminum

Hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its holdings in Kaiser Aluminum by 18.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 471 shares of the industrial products company’s stock worth $54,000 after buying an additional 73 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Kaiser Aluminum by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 3,127 shares of the industrial products company’s stock worth $359,000 after acquiring an additional 97 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Kaiser Aluminum by 20.0% during the fourth quarter. GAMMA Investing LLC now owns 630 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 105 shares during the period. State of Alaska Department of Revenue boosted its holdings in Kaiser Aluminum by 1.2% in the fourth quarter. State of Alaska Department of Revenue now owns 8,842 shares of the industrial products company’s stock valued at $1,014,000 after acquiring an additional 109 shares during the last quarter. Finally, Amalgamated Bank increased its position in Kaiser Aluminum by 3.6% in the third quarter. Amalgamated Bank now owns 4,725 shares of the industrial products company’s stock worth $365,000 after purchasing an additional 162 shares during the period. 99.29% of the stock is owned by institutional investors.

Kaiser Aluminum Trading Up 2.8%

Shares of KALU opened at $142.44 on Thursday. The company has a current ratio of 2.48, a quick ratio of 1.08 and a debt-to-equity ratio of 1.29. The stock has a market cap of $2.31 billion, a PE ratio of 25.76 and a beta of 1.42. Kaiser Aluminum has a 1 year low of $46.81 and a 1 year high of $144.93. The stock has a 50 day simple moving average of $120.27 and a 200-day simple moving average of $95.40.

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. This represents a $3.08 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, January 23rd. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 55.70%.

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.