Kaiser Aluminum (NASDAQ:KALU) Issues Earnings Results, Beats Expectations By $2.87 EPS

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

Kaiser Aluminum Price Performance

Shares of NASDAQ:KALU traded down $0.05 during trading on Wednesday, reaching $164.32. The stock had a trading volume of 243,866 shares, compared to its average volume of 249,386. The stock has a market capitalization of $2.68 billion, a PE ratio of 17.90 and a beta of 1.59. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.47 and a quick ratio of 1.14. Kaiser Aluminum has a 52 week low of $71.44 and a 52 week high of $195.96. The business’s 50-day moving average price is $176.42 and its 200 day moving average price is $149.96.

Kaiser Aluminum Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on KALU. Zacks Research downgraded Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. JPMorgan Chase & Co. restated an “underweight” rating and set a $142.00 target price (up from $124.00) on shares of Kaiser Aluminum in a research report on Thursday, April 30th. Wall Street Zen raised Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 18th. KeyCorp upped their price target on Kaiser Aluminum from $170.00 to $183.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Finally, Weiss Ratings upgraded Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Kaiser Aluminum presently has a consensus rating of “Hold” and an average target price of $165.50.

Insider Activity

In other Kaiser Aluminum news, CEO Keith Harvey sold 3,031 shares of the business’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $173.13, for a total value of $524,757.03. Following the transaction, the chief executive officer owned 94,308 shares of the company’s stock, valued at approximately $16,327,544.04. The trade was a 3.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Neal E. West sold 5,000 shares of the business’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $173.29, for a total value of $866,450.00. Following the completion of the transaction, the chief financial officer directly owned 19,091 shares in the company, valued at approximately $3,308,279.39. This represents a 20.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 71,731 shares of company stock worth $12,529,097. 1.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers acquired a new position in shares of Kaiser Aluminum during the fourth quarter worth approximately $302,000. Polymer Capital Management US LLC bought a new position in Kaiser Aluminum in the 4th quarter worth approximately $296,000. Maryland State Retirement & Pension System acquired a new position in Kaiser Aluminum during the 4th quarter worth $268,000. Jacobs Levy Equity Management Inc. acquired a new position in Kaiser Aluminum during the 1st quarter worth $247,000. Finally, Amundi boosted its position in Kaiser Aluminum by 8.3% in the 3rd quarter. Amundi now owns 3,029 shares of the industrial products company’s stock valued at $232,000 after buying an additional 232 shares during the last quarter. 99.29% of the stock is owned by institutional investors.

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.