Kaiser Aluminum (NASDAQ:KALU) Price Target Raised to $124.00

Kaiser Aluminum (NASDAQ:KALU) had its price objective raised by JPMorgan Chase & Co. from $118.00 to $124.00 in a research report sent to investors on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the industrial products company’s stock.

Other equities analysts have also issued research reports about the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kaiser Aluminum in a report on Monday, December 29th. Wall Street Zen lowered Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 21st. Zacks Research upgraded Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Finally, Wells Fargo & Company raised their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $107.67.

Kaiser Aluminum Stock Up 2.8%

NASDAQ KALU opened at $132.12 on Monday. The company has a quick ratio of 1.26, a current ratio of 2.95 and a debt-to-equity ratio of 1.28. Kaiser Aluminum has a fifty-two week low of $46.81 and a fifty-two week high of $150.00. The business has a 50 day moving average price of $127.29 and a two-hundred day moving average price of $100.24. The stock has a market cap of $2.14 billion, a PE ratio of 19.49 and a beta of 1.42.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.03). The firm had revenue of $929.00 million for the quarter, compared to analysts’ expectations of $902.00 million. Kaiser Aluminum had a net margin of 3.34% and a return on equity of 12.69%. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 EPS. As a group, sell-side analysts predict that Kaiser Aluminum will post 5.14 EPS for the current fiscal year.

Kaiser Aluminum Dividend Announcement

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

Insider Activity at Kaiser Aluminum

In other news, CFO Neal E. West sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $121.72, for a total value of $608,600.00. Following the completion of the sale, the chief financial officer directly owned 12,775 shares in the company, valued at approximately $1,554,973. The trade was a 28.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Kaiser Aluminum

A number of hedge funds have recently added to or reduced their stakes in the business. First National Bank of Omaha acquired a new position in Kaiser Aluminum during the 3rd quarter worth $603,000. AlphaQuest LLC raised its stake in shares of Kaiser Aluminum by 1,096.2% during 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 in the last quarter. Deprince Race & Zollo Inc. acquired a new stake in Kaiser Aluminum in the third quarter worth about $2,464,000. American Century Companies Inc. lifted its holdings in Kaiser Aluminum by 7.4% in the second quarter. American Century Companies Inc. now owns 536,208 shares of the industrial products company’s stock worth $42,843,000 after purchasing an additional 36,894 shares during the period. Finally, Teacher Retirement System of Texas grew its position in Kaiser Aluminum by 87.0% in the 3rd quarter. Teacher Retirement System of Texas now owns 13,941 shares of the industrial products company’s stock valued at $1,076,000 after buying an additional 6,486 shares in the last quarter. 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.