Analysts Set Kaiser Aluminum Corporation (NASDAQ:KALU) Price Target at $159.50

Shares of Kaiser Aluminum Corporation (NASDAQ:KALU) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $159.50.

A number of equities analysts have issued reports on the stock. KeyCorp boosted their price objective on shares of Kaiser Aluminum from $170.00 to $183.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. UBS Group began coverage on shares of Kaiser Aluminum in a research note on Tuesday, May 5th. They issued a “neutral” rating and a $176.00 target price on the stock. Wells Fargo & Company upped their target price on shares of Kaiser Aluminum from $125.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Zacks Research upgraded shares of Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Finally, Wall Street Zen upgraded shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 18th.

Insiders Place Their Bets

In other news, Director Brett Wilcox sold 15,000 shares of the firm’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $174.44, for a total transaction of $2,616,600.00. Following the sale, the director directly owned 9,887 shares in the company, valued at $1,724,688.28. This trade represents a 60.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Iulian Gheorghe sold 175 shares of the firm’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $174.22, for a total transaction of $30,488.50. Following the transaction, the senior vice president directly owned 4,448 shares of the company’s stock, valued at $774,930.56. The trade was a 3.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 71,731 shares of company stock valued at $12,529,097. 1.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kaiser Aluminum

Large investors have recently made changes to their positions in the company. Oregon Public Employees Retirement Fund boosted its position in shares of Kaiser Aluminum by 1.7% during the first quarter. Oregon Public Employees Retirement Fund now owns 3,704 shares of the industrial products company’s stock worth $446,000 after buying an additional 62 shares during the period. EverSource Wealth Advisors LLC boosted its position in Kaiser Aluminum by 18.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 471 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 73 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in Kaiser Aluminum by 2.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 3,916 shares of the industrial products company’s stock valued at $450,000 after purchasing an additional 76 shares during the last quarter. ProShare Advisors LLC boosted its position in Kaiser Aluminum by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 3,127 shares of the industrial products company’s stock valued at $359,000 after purchasing an additional 97 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in 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 purchasing an additional 105 shares during the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

Kaiser Aluminum Trading Up 1.6%

Shares of KALU stock opened at $190.63 on Wednesday. The company has a 50 day moving average of $167.10 and a 200-day moving average of $137.09. The company has a quick ratio of 1.14, a current ratio of 2.47 and a debt-to-equity ratio of 1.28. Kaiser Aluminum has a 12-month low of $71.44 and a 12-month high of $194.43. The firm has a market cap of $3.11 billion, a P/E ratio of 20.77 and a beta of 1.60.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $1.78. Kaiser Aluminum had a net margin of 4.14% and a return on equity of 17.00%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $948.50 million. During the same quarter last year, the business posted $1.44 EPS. Kaiser Aluminum’s quarterly revenue was up 42.4% compared to the same quarter last year. Sell-side analysts anticipate that Kaiser Aluminum will post 8.69 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were given a $0.77 dividend. The ex-dividend date was Friday, April 24th. This represents a $3.08 annualized dividend and a yield of 1.6%. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 33.55%.

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.