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

Shares of Kaiser Aluminum Corporation (NASDAQ:KALU) have received an average rating of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $159.50.

KALU has been the topic of several recent analyst reports. UBS Group initiated coverage on shares of Kaiser Aluminum in a report on Tuesday, May 5th. They set a “neutral” rating and a $176.00 price objective on the stock. Weiss Ratings raised shares of Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $142.00 price target (up from $124.00) on shares of Kaiser Aluminum in a research note on Thursday, April 30th. KeyCorp raised their price target on shares of Kaiser Aluminum from $170.00 to $183.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Finally, Wall Street Zen raised shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 18th.

Insider Transactions at Kaiser Aluminum

In other news, CFO Neal E. West sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $121.72, for a total value of $608,600.00. Following the transaction, the chief financial officer directly 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Brett Wilcox sold 15,000 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $174.44, for a total transaction of $2,616,600.00. Following the completion of the transaction, the director directly owned 9,887 shares in the company, valued at approximately $1,724,688.28. This represents a 60.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 76,731 shares of company stock valued at $13,137,697. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Kaiser Aluminum

Hedge funds and other institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its stake in shares of Kaiser Aluminum by 389.3% in the fourth quarter. Farther Finance Advisors LLC now owns 274 shares of the industrial products company’s stock worth $31,000 after buying an additional 218 shares in the last quarter. First Horizon Corp purchased a new position in Kaiser Aluminum during the third quarter worth about $27,000. KBC Group NV purchased a new position in Kaiser Aluminum during the first quarter worth about $44,000. Global Retirement Partners LLC raised its stake in Kaiser Aluminum by 408.3% during the fourth quarter. Global Retirement Partners LLC now owns 366 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 294 shares during the period. Finally, Hantz Financial Services Inc. raised its stake in Kaiser Aluminum by 340.0% during the third quarter. Hantz Financial Services Inc. now owns 374 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 289 shares during the period. 99.29% of the stock is owned by hedge funds and other institutional investors.

Kaiser Aluminum Stock Performance

KALU opened at $168.95 on Friday. The company has a quick ratio of 1.14, a current ratio of 2.47 and a debt-to-equity ratio of 1.28. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 18.40 and a beta of 1.60. Kaiser Aluminum has a 52-week low of $68.22 and a 52-week high of $183.00. The firm’s fifty day simple moving average is $145.27 and its two-hundred day simple moving average is $126.65.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings data 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 business had revenue of $1.11 billion for 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 was up 42.4% compared to the same quarter last year. During the same period last year, the firm posted $1.44 earnings per share. Equities analysts anticipate that Kaiser Aluminum will post 8.69 earnings per share for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, April 24th. Kaiser Aluminum’s dividend payout ratio (DPR) is currently 33.55%.

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.