Kaiser Aluminum Corporation (NASDAQ:KALU) Receives $107.67 Consensus Price Target from Brokerages

Kaiser Aluminum Corporation (NASDAQ:KALU) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $107.6667.

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

Kaiser Aluminum Price Performance

Kaiser Aluminum stock opened at $131.62 on Friday. The firm has a market cap of $2.13 billion, a PE ratio of 19.41 and a beta of 1.39. The stock’s fifty day moving average price is $127.24 and its two-hundred day moving average price is $108.26. Kaiser Aluminum has a one year low of $46.81 and a one year high of $150.00. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.95 and a quick ratio of 1.26.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $1.53 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 analyst estimates of $902.00 million. During the same quarter in the prior year, the firm earned $0.33 earnings per share. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. As a group, research analysts expect that Kaiser Aluminum will post 5.14 EPS for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 23rd were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, January 23rd. Kaiser Aluminum’s dividend payout ratio (DPR) is 45.43%.

Insider Activity

In other news, CFO Neal E. West sold 5,000 shares of Kaiser Aluminum stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $121.72, for a total transaction of $608,600.00. Following the completion of the transaction, the chief financial officer directly owned 12,775 shares in the company, valued at $1,554,973. This trade represents a 28.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kaiser Aluminum

Several hedge funds have recently modified their holdings of KALU. EverSource Wealth Advisors LLC lifted its holdings 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 worth $54,000 after acquiring an additional 73 shares during the period. Commonwealth Equity Services LLC increased its position in Kaiser Aluminum by 2.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,916 shares of the industrial products company’s stock worth $450,000 after buying an additional 76 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Kaiser Aluminum by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 3,127 shares of the industrial products company’s stock valued at $359,000 after buying an additional 97 shares during the period. GAMMA Investing LLC raised its stake in shares of Kaiser Aluminum by 20.0% in the fourth quarter. GAMMA Investing LLC now owns 630 shares of the industrial products company’s stock valued at $72,000 after buying an additional 105 shares during the period. Finally, State of Alaska Department of Revenue lifted its position in shares of Kaiser Aluminum by 1.2% during the 4th 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 buying an additional 109 shares during the last quarter. Institutional investors own 99.29% of the company’s stock.

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.