Kaiser Aluminum Corporation (NASDAQ:KALU) Given Average Rating of “Hold” by Analysts

Shares of Kaiser Aluminum Corporation (NASDAQ:KALU) have earned a consensus rating of “Hold” from the six research firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $168.25.

A number of brokerages recently commented on KALU. UBS Group increased their price target on shares of Kaiser Aluminum from $176.00 to $179.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. restated an “underweight” rating and set a $142.00 price objective (up from $124.00) on shares of Kaiser Aluminum in a research report on Thursday, April 30th. Weiss Ratings raised Kaiser Aluminum from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 18th. Wells Fargo & Company lifted their target price on Kaiser Aluminum from $158.00 to $169.00 and gave the stock an “underweight” rating in a report on Friday, July 24th. Finally, Zacks Research raised Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th.

Institutional Investors Weigh In On Kaiser Aluminum

Institutional investors have recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in Kaiser Aluminum by 212.6% during the 1st quarter. Royal Bank of Canada now owns 5,815 shares of the industrial products company’s stock valued at $352,000 after purchasing an additional 3,955 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Kaiser Aluminum during the first quarter valued at approximately $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Kaiser Aluminum by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,491 shares of the industrial products company’s stock valued at $575,000 after buying an additional 397 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Kaiser Aluminum by 2.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,971 shares of the industrial products company’s stock valued at $2,544,000 after buying an additional 1,084 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of Kaiser Aluminum by 323.6% in the first quarter. Jane Street Group LLC now owns 55,190 shares of the industrial products company’s stock worth $3,346,000 after buying an additional 42,160 shares during the period. Institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Stock Performance

Shares of KALU opened at $154.16 on Monday. The stock has a market capitalization of $2.52 billion, a PE ratio of 11.43 and a beta of 1.61. The company’s fifty day moving average is $172.41 and its 200 day moving average is $157.23. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.17 and a current ratio of 2.50. Kaiser Aluminum has a fifty-two week low of $73.08 and a fifty-two week high of $199.89.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $5.53 EPS for the quarter, beating the consensus estimate of $2.66 by $2.87. Kaiser Aluminum had a net margin of 5.49% and a return on equity of 24.71%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the business earned $1.21 earnings per share. Kaiser Aluminum’s quarterly revenue was up 52.7% compared to the same quarter last year. Sell-side analysts expect that Kaiser Aluminum will post 10.63 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 24th were given a dividend of $0.77 per share. The ex-dividend date was Friday, July 24th. This represents a $3.08 dividend on an annualized basis and a yield of 2.0%. Kaiser Aluminum’s payout ratio is 22.83%.

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.