Brokerages Set Kaiser Aluminum Corporation (NASDAQ:KALU) Target Price at $107.67

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

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

Kaiser Aluminum Stock Up 5.1%

NASDAQ KALU opened at $120.51 on Friday. Kaiser Aluminum has a twelve month low of $46.81 and a twelve month high of $150.00. The stock has a market cap of $1.95 billion, a PE ratio of 17.77 and a beta of 1.37. The firm has a 50-day simple moving average of $127.28 and a 200 day simple moving average of $107.94. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.26 and a current ratio of 2.95.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.03). Kaiser Aluminum had a net margin of 3.34% and a return on equity of 12.69%. The firm had revenue of $929.00 million for the quarter, compared to the consensus estimate of $902.00 million. During the same quarter in the prior year, the firm earned $0.33 earnings per share. The company’s revenue was up 21.4% on a year-over-year basis. On average, research analysts forecast that Kaiser Aluminum will post 5.14 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 23rd were given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Friday, January 23rd. Kaiser Aluminum’s dividend payout ratio is 45.43%.

Insider Buying and Selling

In other Kaiser Aluminum news, CFO Neal E. West sold 5,000 shares of Kaiser Aluminum 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 sale, the chief financial officer directly owned 12,775 shares of the company’s stock, valued at approximately $1,554,973. The trade was 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 this link. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kaiser Aluminum

A number of hedge funds have recently modified their holdings of KALU. First Horizon Corp acquired a new stake in Kaiser Aluminum in the 3rd quarter valued at $27,000. Hantz Financial Services Inc. lifted its holdings in shares of Kaiser Aluminum by 340.0% during the third quarter. Hantz Financial Services Inc. now owns 374 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 289 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Kaiser Aluminum by 389.3% during the fourth quarter. Farther Finance Advisors LLC now owns 274 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 218 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Kaiser Aluminum by 475.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 342 shares in the last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of Kaiser Aluminum by 408.3% in the 4th quarter. Global Retirement Partners LLC now owns 366 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 294 shares during the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

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.