Kaiser Aluminum (NASDAQ:KALU) Cut to “Hold” at Zacks Research

Kaiser Aluminum (NASDAQ:KALU) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other research analysts have also weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Kaiser Aluminum from $82.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Wells Fargo & Company upped their price target on shares of Kaiser Aluminum from $90.00 to $108.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kaiser Aluminum in a report on Monday. Finally, Wall Street Zen raised shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $95.67.

Kaiser Aluminum Price Performance

Shares of NASDAQ:KALU opened at $118.11 on Monday. The company has a market cap of $1.91 billion, a P/E ratio of 21.36 and a beta of 1.51. The business has a fifty day simple moving average of $100.11 and a 200-day simple moving average of $86.53. Kaiser Aluminum has a 52 week low of $46.81 and a 52 week high of $119.13. The company has a quick ratio of 1.08, a current ratio of 2.48 and a debt-to-equity ratio of 1.29.

Kaiser Aluminum (NASDAQ:KALU) last released its earnings results on Wednesday, April 2nd. The industrial products company reported $1.21 earnings per share for the quarter. Kaiser Aluminum had a return on equity of 10.67% and a net margin of 2.85%.The firm had revenue of $765.40 million for the quarter. Equities research analysts forecast that Kaiser Aluminum will post 5.14 EPS for the current year.

Insider Transactions at Kaiser Aluminum

In related news, EVP Blain Tiffany sold 8,656 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $93.92, for a total value of $812,971.52. Following the completion of the sale, the executive vice president directly owned 26,275 shares in the company, valued at approximately $2,467,748. This represents a 24.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Kaiser Aluminum

Large investors have recently modified their holdings of the stock. First Horizon Corp purchased a new stake in shares of Kaiser Aluminum during the 3rd quarter valued at about $27,000. Hantz Financial Services Inc. grew its position in Kaiser Aluminum by 340.0% in the third quarter. Hantz Financial Services Inc. now owns 374 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 289 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Kaiser Aluminum by 475.0% during the second quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 342 shares during the period. Quantbot Technologies LP acquired a new position in shares of Kaiser Aluminum during the second quarter worth $44,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Kaiser Aluminum by 130.9% during the second quarter. Tower Research Capital LLC TRC now owns 605 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 343 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.