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

Shares of Kaiser Aluminum Corporation (NASDAQ:KALU) have received an average recommendation of “Hold” from the six brokerages that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $165.50.

Several research firms have recently issued reports on KALU. Wells Fargo & Company reissued an “underweight” rating and issued a $158.00 price target on shares of Kaiser Aluminum in a research note on Thursday. 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. KeyCorp upped their price objective on shares of Kaiser Aluminum from $170.00 to $183.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Zacks Research lowered shares of Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, UBS Group increased their target price on shares of Kaiser Aluminum from $176.00 to $179.00 and gave the company a “neutral” rating in a research report on Wednesday.

Insider Buying and Selling

In other news, CFO Neal E. West sold 5,000 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $173.29, for a total value of $866,450.00. Following the completion of the transaction, the chief financial officer directly owned 19,091 shares in the company, valued at $3,308,279.39. This trade represents a 20.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Iulian Gheorghe sold 175 shares of the firm’s stock in a transaction that occurred 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 owned 4,448 shares in the company, valued at $774,930.56. This represents a 3.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 71,731 shares of company stock worth $12,529,097. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Kaiser Aluminum

Several hedge funds have recently modified their holdings of KALU. Farther Finance Advisors LLC raised its stake in shares of Kaiser Aluminum by 389.3% in the 4th quarter. Farther Finance Advisors LLC now owns 274 shares of the industrial products company’s stock worth $31,000 after buying an additional 218 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Kaiser Aluminum by 475.0% during the second quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company’s stock valued at $33,000 after buying an additional 342 shares in the last quarter. Global Retirement Partners LLC boosted its stake in Kaiser Aluminum by 408.3% during the fourth quarter. Global Retirement Partners LLC now owns 366 shares of the industrial products company’s stock valued at $42,000 after buying an additional 294 shares in the last quarter. KBC Group NV bought a new position in Kaiser Aluminum during the first quarter valued at about $44,000. Finally, Quantbot Technologies LP acquired a new position in Kaiser Aluminum during the second quarter worth about $44,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Kaiser Aluminum Stock Performance

Shares of NASDAQ KALU opened at $162.96 on Friday. Kaiser Aluminum has a 12-month low of $71.44 and a 12-month high of $195.96. The company has a market cap of $2.66 billion, a PE ratio of 17.75 and a beta of 1.59. The stock has a 50 day simple moving average of $179.04 and a 200-day simple moving average of $147.52. The company has a current ratio of 2.47, a quick ratio of 1.14 and a debt-to-equity ratio of 1.28.

Kaiser Aluminum (NASDAQ:KALU) last posted its earnings results on Wednesday, April 22nd. The industrial products company reported $3.74 EPS for the quarter, beating the consensus estimate of $1.96 by $1.78. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $948.50 million. Kaiser Aluminum had a return on equity of 17.00% and a net margin of 4.14%.The firm’s revenue was up 42.4% compared to the same quarter last year. During the same period last year, the firm earned $1.44 EPS. On average, equities research analysts forecast that Kaiser Aluminum will post 8.69 EPS for the current year.

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.