Kaiser Aluminum (NASDAQ:KALU) Upgraded by UBS Group to “Hold” Rating

UBS Group upgraded shares of Kaiser Aluminum (NASDAQ:KALU) to a hold rating in a research report sent to investors on Tuesday,Zacks.com reports.

A number of other brokerages also recently issued reports on KALU. KeyCorp upped their price target on Kaiser Aluminum from $170.00 to $183.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Wells Fargo & Company boosted their price objective on shares of Kaiser Aluminum from $125.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Weiss Ratings upgraded shares of Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Wall Street Zen raised shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. Finally, Zacks Research lowered shares of Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $159.50.

Kaiser Aluminum Stock Down 0.3%

Kaiser Aluminum stock traded down $0.57 during midday trading on Tuesday, reaching $179.86. The company’s stock had a trading volume of 26,541 shares, compared to its average volume of 240,044. The company has a market cap of $2.94 billion, a P/E ratio of 19.59 and a beta of 1.60. The company has a quick ratio of 1.14, a current ratio of 2.47 and a debt-to-equity ratio of 1.28. The business has a 50-day simple moving average of $136.35 and a 200-day simple moving average of $120.55. Kaiser Aluminum has a fifty-two week low of $66.59 and a fifty-two week high of $183.00.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings data 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 return on equity of 17.00% and a net margin of 4.14%.The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $948.50 million. During the same period in the prior year, the firm posted $1.44 EPS. The business’s quarterly revenue was up 42.4% compared to the same quarter last year. On average, research analysts expect that Kaiser Aluminum will post 7.85 earnings per share for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, April 24th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, April 24th. This represents a $3.08 annualized dividend and a yield of 1.7%. Kaiser Aluminum’s payout ratio is 33.55%.

Insider Buying and Selling

In other Kaiser Aluminum news, Director Richard P. Grimley sold 1,524 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $171.52, for a total value of $261,396.48. Following the completion of the sale, the director owned 4,578 shares in the company, valued at approximately $785,218.56. The trade was a 24.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brett Wilcox sold 15,000 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $174.44, for a total value of $2,616,600.00. Following the completion of the sale, the director directly owned 9,887 shares of the company’s stock, valued at $1,724,688.28. The trade was a 60.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 76,731 shares of company stock valued at $13,137,697 in the last 90 days. Company insiders own 1.40% of the company’s stock.

Institutional Trading of Kaiser Aluminum

Large investors have recently bought and sold shares of the business. Citigroup Inc. raised its stake in Kaiser Aluminum by 127.3% during the 3rd quarter. Citigroup Inc. now owns 34,456 shares of the industrial products company’s stock valued at $2,659,000 after acquiring an additional 19,294 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Kaiser Aluminum in the 4th quarter valued at approximately $5,018,000. First National Bank of Omaha purchased a new position in shares of Kaiser Aluminum in the 3rd quarter valued at approximately $603,000. AlphaQuest LLC increased its holdings in shares of Kaiser Aluminum by 1,096.2% in the third quarter. AlphaQuest LLC now owns 22,453 shares of the industrial products company’s stock valued at $1,732,000 after purchasing an additional 20,576 shares during the period. Finally, Bright Futures Wealth Management LLC. acquired a new position in shares of Kaiser Aluminum in the third quarter valued at approximately $908,000. Institutional investors and hedge funds own 99.29% of the company’s stock.

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.