Kaiser Aluminum Corporation (NASDAQ:KALU) Receives Consensus Rating of “Hold” from Brokerages

Kaiser Aluminum Corporation (NASDAQ:KALU) has received a consensus recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $95.6667.

A number of research analysts have recently weighed in on the company. Wall Street Zen raised Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 25th. JPMorgan Chase & Co. raised their price target on Kaiser Aluminum from $82.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of Kaiser Aluminum in a report on Monday, December 29th. Wells Fargo & Company boosted 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. Finally, Zacks Research lowered shares of Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th.

Insider Activity at Kaiser Aluminum

In related news, EVP Blain Tiffany sold 8,656 shares of Kaiser Aluminum stock in a transaction dated 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 transaction, the executive vice president owned 26,275 shares in the company, valued at approximately $2,467,748. This trade represents a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Kaiser Aluminum

A number of institutional investors and hedge funds have recently modified their holdings of KALU. State Street Corp increased its position in shares of Kaiser Aluminum by 31.9% during the 2nd quarter. State Street Corp now owns 1,154,415 shares of the industrial products company’s stock valued at $92,238,000 after purchasing an additional 279,231 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Kaiser Aluminum by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 817,743 shares of the industrial products company’s stock valued at $63,095,000 after acquiring an additional 4,743 shares during the period. American Century Companies Inc. lifted its holdings in shares of Kaiser Aluminum by 9.8% in the 3rd quarter. American Century Companies Inc. now owns 588,720 shares of the industrial products company’s stock worth $45,426,000 after acquiring an additional 52,512 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Kaiser Aluminum by 1.1% during the 3rd quarter. Wellington Management Group LLP now owns 502,446 shares of the industrial products company’s stock worth $38,769,000 after purchasing an additional 5,623 shares during the period. Finally, Tributary Capital Management LLC grew its holdings in Kaiser Aluminum by 92.5% during the 3rd quarter. Tributary Capital Management LLC now owns 500,418 shares of the industrial products company’s stock valued at $38,612,000 after purchasing an additional 240,518 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Stock Performance

Shares of NASDAQ KALU opened at $123.07 on Friday. Kaiser Aluminum has a 12-month low of $46.81 and a 12-month high of $124.67. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 22.26 and a beta of 1.44. The company has a current ratio of 2.48, a quick ratio of 1.08 and a debt-to-equity ratio of 1.29. The firm has a 50 day moving average of $104.84 and a 200 day moving average of $88.94.

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

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.