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

Kaiser Aluminum Corporation (NASDAQ:KALU) has been given an average rating of “Moderate Buy” by the six research firms that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $107.6667.

KALU has been the subject of several recent research reports. Zacks Research raised Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. Wall Street Zen cut Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kaiser Aluminum in a research report on Monday, December 29th. Wells Fargo & Company raised their price target on shares of Kaiser Aluminum from $120.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. Finally, JPMorgan Chase & Co. raised their price target on shares of Kaiser Aluminum from $118.00 to $124.00 and gave the stock a “neutral” rating in a research note on Monday, February 23rd.

Kaiser Aluminum Stock Down 2.5%

Shares of Kaiser Aluminum stock opened at $122.69 on Monday. The company has a market capitalization of $1.99 billion, a P/E ratio of 18.10 and a beta of 1.37. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.95 and a quick ratio of 1.26. The business has a 50-day moving average of $129.24 and a two-hundred day moving average of $102.73. Kaiser Aluminum has a 1 year low of $46.81 and a 1 year high of $150.00.

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

Kaiser Aluminum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 23rd were paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Friday, January 23rd. Kaiser Aluminum’s dividend payout ratio is currently 45.43%.

Insider Buying and Selling at Kaiser Aluminum

In related news, CFO Neal E. West sold 5,000 shares of Kaiser Aluminum stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $121.72, for a total value of $608,600.00. Following the sale, the chief financial officer owned 12,775 shares of the company’s stock, valued at approximately $1,554,973. The trade was a 28.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Invesco Ltd. raised its stake in shares of Kaiser Aluminum by 20.7% during the 4th quarter. Invesco Ltd. now owns 151,511 shares of the industrial products company’s stock worth $17,403,000 after purchasing an additional 25,969 shares in the last quarter. Summit Global Investments grew its stake in shares of Kaiser Aluminum by 148.3% in the fourth quarter. Summit Global Investments now owns 13,274 shares of the industrial products company’s stock valued at $1,525,000 after buying an additional 7,927 shares in the last quarter. First Citizens Bank & Trust Co. grew its stake in shares of Kaiser Aluminum by 81.8% in the fourth quarter. First Citizens Bank & Trust Co. now owns 5,215 shares of the industrial products company’s stock valued at $599,000 after buying an additional 2,347 shares in the last quarter. State of Tennessee Department of Treasury increased its holdings in Kaiser Aluminum by 52.4% during the fourth quarter. State of Tennessee Department of Treasury now owns 11,747 shares of the industrial products company’s stock worth $1,440,000 after buying an additional 4,039 shares during the last quarter. Finally, Mackenzie Financial Corp acquired a new position in Kaiser Aluminum during the fourth quarter worth $2,028,000. 99.29% of the stock is currently owned by institutional investors.

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.