Brokerages Set Kaiser Aluminum Corporation (NASDAQ:KALU) Price Target at $159.50

Shares of Kaiser Aluminum Corporation (NASDAQ:KALU) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $159.50.

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company upped their price objective on shares of Kaiser Aluminum from $125.00 to $137.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. Weiss Ratings raised shares of Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Zacks Research raised shares of Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. UBS Group assumed coverage on shares of Kaiser Aluminum in a report on Tuesday, May 5th. They issued a “neutral” rating and a $176.00 price objective for the company. Finally, KeyCorp upped 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.

Kaiser Aluminum Stock Performance

Shares of KALU opened at $181.72 on Wednesday. Kaiser Aluminum has a 1 year low of $71.44 and a 1 year high of $195.22. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 19.80 and a beta of 1.60. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.14 and a current ratio of 2.47. The firm has a fifty day moving average of $169.13 and a 200-day moving average of $138.62.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $1.78. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $948.50 million. Kaiser Aluminum had a net margin of 4.14% and a return on equity of 17.00%. The company’s revenue for the quarter was up 42.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.44 earnings per share. As a group, equities analysts anticipate that Kaiser Aluminum will post 8.69 earnings per share for the current year.

Kaiser Aluminum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were issued a $0.77 dividend. The ex-dividend date of this dividend was Friday, April 24th. This represents a $3.08 annualized dividend and a yield of 1.7%. Kaiser Aluminum’s dividend payout ratio is presently 33.55%.

Insider Transactions at Kaiser Aluminum

In other Kaiser Aluminum news, SVP Iulian Gheorghe sold 175 shares of the business’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $174.22, for a total value of $30,488.50. Following the sale, the senior vice president directly owned 4,448 shares in the company, valued at approximately $774,930.56. The trade was a 3.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard P. Grimley sold 1,524 shares of the business’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $171.52, for a total transaction of $261,396.48. Following the completion of the sale, the director owned 4,578 shares in the company, valued at approximately $785,218.56. This trade represents a 24.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 71,731 shares of company stock valued at $12,529,097 in the last quarter. 1.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Kaiser Aluminum

Several hedge funds and other institutional investors have recently bought and sold shares of KALU. Royal Bank of Canada raised its position in Kaiser Aluminum by 212.6% in the first quarter. Royal Bank of Canada now owns 5,815 shares of the industrial products company’s stock worth $352,000 after acquiring an additional 3,955 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Kaiser Aluminum in the first quarter worth about $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Kaiser Aluminum by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,491 shares of the industrial products company’s stock worth $575,000 after acquiring an additional 397 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Kaiser Aluminum by 2.7% during the 1st 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 worth $2,544,000 after buying an additional 1,084 shares during the period. Finally, Jane Street Group LLC raised its holdings in Kaiser Aluminum by 323.6% during the 1st 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. 99.29% of the stock is currently owned by institutional investors.

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.