Kaiser Aluminum (NASDAQ:KALU) Releases Quarterly Earnings Results, Beats Expectations By $1.78 EPS

Kaiser Aluminum (NASDAQ:KALU) released its earnings results on Wednesday. The industrial products company reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $1.78, FiscalAI reports. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $948.50 million. Kaiser Aluminum had a return on equity of 12.69% and a net margin of 3.34%.Kaiser Aluminum’s quarterly revenue was up 42.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.44 EPS.

Kaiser Aluminum Stock Performance

NASDAQ:KALU opened at $163.03 on Thursday. The stock’s 50-day simple moving average is $130.21 and its 200 day simple moving average is $114.95. The firm has a market capitalization of $2.64 billion, a PE ratio of 24.05 and a beta of 1.39. The company has a quick ratio of 1.26, a current ratio of 2.95 and a debt-to-equity ratio of 1.28. Kaiser Aluminum has a twelve month low of $53.33 and a twelve month high of $165.42.

Kaiser Aluminum Announces Dividend

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

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Weiss Ratings lowered Kaiser Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 6th. JPMorgan Chase & Co. increased their target price on Kaiser Aluminum from $118.00 to $124.00 and gave the stock a “neutral” rating in a report on Monday, February 23rd. KeyCorp assumed coverage on Kaiser Aluminum in a report on Thursday, April 16th. They set an “overweight” rating and a $170.00 target price on the stock. Zacks Research lowered Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Wells Fargo & Company raised their price objective on Kaiser Aluminum from $125.00 to $137.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $143.67.

Insiders Place Their Bets

In other news, CFO Neal E. West sold 5,000 shares of Kaiser Aluminum stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $121.72, for a total transaction of $608,600.00. Following the sale, 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.40% of the stock is owned by company insiders.

Institutional Trading of Kaiser Aluminum

Hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted 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 in the last quarter. Global Retirement Partners LLC boosted its stake in shares of Kaiser Aluminum by 408.3% during the fourth quarter. Global Retirement Partners LLC now owns 366 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 294 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Kaiser Aluminum during the second quarter valued at about $44,000. Tower Research Capital LLC TRC boosted its stake 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 valued at $48,000 after purchasing an additional 343 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Kaiser Aluminum during the fourth quarter valued at about $68,000. 99.29% of the stock is owned by institutional investors and hedge funds.

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.