Kaiser Aluminum (NASDAQ:KALU) Issues Earnings Results

Kaiser Aluminum (NASDAQ:KALU) posted its quarterly earnings data on Wednesday. The industrial products company reported $3.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $1.78, FiscalAI reports. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $948.50 million. Kaiser Aluminum had a net margin of 4.14% and a return on equity of 17.39%. The firm’s revenue for the quarter was up 42.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.44 EPS.

Kaiser Aluminum Stock Performance

Shares of KALU stock opened at $164.84 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.26 and a current ratio of 2.95. Kaiser Aluminum has a one year low of $53.33 and a one year high of $177.23. The company’s 50-day simple moving average is $130.71 and its 200-day simple moving average is $115.30. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 17.96 and a beta of 1.39.

Kaiser Aluminum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, April 24th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, April 24th. This represents a $3.08 annualized dividend and a dividend yield of 1.9%. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 45.43%.

Insider Activity at Kaiser Aluminum

In other news, CFO Neal E. West sold 5,000 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $121.72, for a total transaction of $608,600.00. Following the transaction, the chief financial officer owned 12,775 shares of the company’s stock, valued at approximately $1,554,973. This trade represents a 28.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Kaiser Aluminum

A number of large investors have recently bought and sold shares of the business. State Street Corp lifted its holdings in Kaiser Aluminum by 31.9% in the second quarter. State Street Corp now owns 1,154,415 shares of the industrial products company’s stock worth $92,238,000 after acquiring an additional 279,231 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Kaiser Aluminum by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 831,652 shares of the industrial products company’s stock worth $95,528,000 after acquiring an additional 13,909 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Kaiser Aluminum by 1.1% in the third quarter. Wellington Management Group LLP now owns 502,446 shares of the industrial products company’s stock worth $38,769,000 after acquiring an additional 5,623 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Kaiser Aluminum by 16.8% in the fourth quarter. Bank of New York Mellon Corp now owns 198,354 shares of the industrial products company’s stock worth $22,783,000 after acquiring an additional 28,495 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Kaiser Aluminum by 111.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 179,781 shares of the industrial products company’s stock worth $20,650,000 after acquiring an additional 94,874 shares during the last quarter. Institutional investors own 99.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. KeyCorp assumed coverage on shares of Kaiser Aluminum in a research report on Thursday, April 16th. They issued an “overweight” rating and a $170.00 price objective for the company. Wall Street Zen raised shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. Wells Fargo & Company increased their price target on shares of Kaiser Aluminum from $125.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Zacks Research cut shares of Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Weiss Ratings cut shares of Kaiser Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 6th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $143.67.

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.