Zacks Research Downgrades Kaiser Aluminum (NASDAQ:KALU) to Hold

Kaiser Aluminum (NASDAQ:KALU) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on KALU. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kaiser Aluminum in a report on Monday. Wall Street Zen upgraded shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. Wells Fargo & Company raised their price target on shares of Kaiser Aluminum from $90.00 to $108.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Kaiser Aluminum from $82.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $95.67.

Kaiser Aluminum Price Performance

Shares of KALU stock opened at $118.11 on Monday. The firm has a fifty day moving average of $100.11 and a two-hundred day moving average of $86.53. The firm has a market cap of $1.91 billion, a P/E ratio of 21.36 and a beta of 1.51. Kaiser Aluminum has a 1-year low of $46.81 and a 1-year high of $119.13. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.48 and a quick ratio of 1.08.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings results on Wednesday, April 2nd. The industrial products company reported $1.21 EPS for the quarter. The business had revenue of $765.40 million for the quarter. Kaiser Aluminum had a net margin of 2.85% and a return on equity of 10.67%. As a group, research analysts anticipate that Kaiser Aluminum will post 5.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Kaiser Aluminum news, EVP Blain Tiffany sold 8,656 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $93.92, for a total transaction of $812,971.52. Following the completion of the transaction, the executive vice president owned 26,275 shares in the company, valued at approximately $2,467,748. The trade was a 24.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Kaiser Aluminum

Several institutional investors have recently bought and sold shares of the stock. First Horizon Corp bought a new position in shares of Kaiser Aluminum in the third quarter valued at approximately $27,000. Hantz Financial Services Inc. boosted its stake in Kaiser Aluminum by 340.0% during the third quarter. Hantz Financial Services Inc. now owns 374 shares of the industrial products company’s stock valued at $29,000 after buying an additional 289 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings 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 worth $33,000 after acquiring an additional 342 shares during the period. Quantbot Technologies LP bought a new stake in Kaiser Aluminum in the second quarter worth about $44,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Kaiser Aluminum by 130.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 605 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 343 shares in the last quarter. Institutional investors and hedge funds 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.