Kaiser Aluminum (NASDAQ:KALU) Releases Quarterly Earnings Results, Beats Estimates By $2.87 EPS

Kaiser Aluminum (NASDAQ:KALU) posted its earnings results on Wednesday. The industrial products company reported $5.53 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $2.87, FiscalAI reports. Kaiser Aluminum had a net margin of 4.14% and a return on equity of 17.00%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.12 billion.

Kaiser Aluminum Stock Down 0.0%

Shares of Kaiser Aluminum stock traded down $0.05 during trading on Wednesday, reaching $164.32. The company had a trading volume of 243,916 shares, compared to its average volume of 249,386. Kaiser Aluminum has a fifty-two week low of $71.44 and a fifty-two week high of $195.96. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 17.90 and a beta of 1.59. 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’s fifty day moving average is $176.42 and its 200-day moving average is $149.96.

Kaiser Aluminum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 24th will be given a $0.77 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $3.08 annualized dividend and a dividend yield of 1.9%. Kaiser Aluminum’s payout ratio is presently 33.55%.

Insider Buying and Selling at Kaiser Aluminum

In related news, CEO Keith Harvey sold 3,031 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $173.13, for a total value of $524,757.03. Following the completion of the transaction, the chief executive officer owned 94,308 shares of the company’s stock, valued at approximately $16,327,544.04. This trade represents a 3.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Brett Wilcox sold 15,000 shares of Kaiser Aluminum stock in a transaction on Monday, April 27th. The shares were sold at an average price of $174.44, for a total transaction of $2,616,600.00. Following the completion of the sale, the director directly owned 9,887 shares of the company’s stock, valued at approximately $1,724,688.28. The trade was a 60.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 71,731 shares of company stock valued at $12,529,097. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Kaiser Aluminum

Several institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its holdings in Kaiser Aluminum by 212.6% during the first quarter. Royal Bank of Canada now owns 5,815 shares of the industrial products company’s stock worth $352,000 after buying an additional 3,955 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of Kaiser Aluminum in the 1st quarter valued at $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Kaiser Aluminum by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,491 shares of the industrial products company’s stock worth $575,000 after buying an additional 397 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Kaiser Aluminum by 2.7% in 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 in the last quarter. Finally, Jane Street Group LLC lifted its stake in Kaiser Aluminum by 323.6% in the 1st quarter. Jane Street Group LLC now owns 55,190 shares of the industrial products company’s stock valued at $3,346,000 after purchasing an additional 42,160 shares during the last quarter. 99.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KALU has been the subject of a number of research reports. UBS Group boosted their price objective on Kaiser Aluminum from $176.00 to $179.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Zacks Research downgraded Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. KeyCorp upped their price target on Kaiser Aluminum from $170.00 to $183.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Wall Street Zen raised Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 18th. Finally, Wells Fargo & Company restated an “underweight” rating and set a $158.00 price objective on shares of Kaiser Aluminum in a research report on Thursday, July 9th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $165.50.

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.