Kaiser Aluminum Corporation (NASDAQ:KALU) Given Consensus Rating of “Moderate Buy” by Analysts

Kaiser Aluminum Corporation (NASDAQ:KALU) has been given an average recommendation of “Moderate Buy” by the six analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $159.50.

A number of analysts have weighed in on the stock. Zacks Research raised shares of Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. KeyCorp raised 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. Weiss Ratings raised shares of Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. UBS Group started coverage on shares of Kaiser Aluminum in a report on Tuesday, May 5th. They set a “neutral” rating and a $176.00 price objective for the company. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $142.00 price objective (up from $124.00) on shares of Kaiser Aluminum in a report on Thursday, April 30th.

Insider Activity at Kaiser Aluminum

In other news, CFO Neal E. West sold 5,000 shares of the firm’s 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 of the company’s stock, valued at approximately $1,554,973. This trade represents a 28.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Keith Harvey sold 47,001 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $175.09, for a total transaction of $8,229,405.09. Following the transaction, the chief executive officer directly owned 97,339 shares of the company’s stock, valued at $17,043,085.51. The trade was a 32.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 76,731 shares of company stock worth $13,137,697 in the last ninety days. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Kaiser Aluminum

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. First Horizon Corp bought a new position in Kaiser Aluminum during the 3rd quarter valued at about $27,000. Hantz Financial Services Inc. lifted its holdings in Kaiser Aluminum by 340.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 374 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 289 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Kaiser Aluminum by 389.3% during the 4th quarter. Farther Finance Advisors LLC now owns 274 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 218 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Kaiser Aluminum by 475.0% during 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 during the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in Kaiser Aluminum by 408.3% during the 4th quarter. Global Retirement Partners LLC now owns 366 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 294 shares during the last quarter. 99.29% of the stock is owned by institutional investors.

Kaiser Aluminum Price Performance

Shares of Kaiser Aluminum stock opened at $175.47 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.47 and a quick ratio of 1.14. Kaiser Aluminum has a fifty-two week low of $68.22 and a fifty-two week high of $183.00. The firm has a fifty day moving average price of $147.12 and a two-hundred day moving average price of $127.54. The company has a market cap of $2.87 billion, a PE ratio of 19.11 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 for the quarter, beating analysts’ consensus estimates of $1.96 by $1.78. Kaiser Aluminum had a net margin of 4.14% and a return on equity of 17.00%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $948.50 million. During the same period in the prior year, the firm earned $1.44 EPS. The business’s revenue was up 42.4% on a year-over-year basis. Analysts expect that Kaiser Aluminum will post 8.69 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, April 24th. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 33.55%.

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.