Kaiser Aluminum Corporation (NASDAQ:KALU) Receives Average Recommendation of “Hold” from Brokerages

Kaiser Aluminum Corporation (NASDAQ:KALU) has been assigned a consensus recommendation of “Hold” from the six research firms that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $99.6667.

Several equities research analysts have recently issued reports on the company. Zacks Research lowered Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Wells Fargo & Company set a $120.00 price target on Kaiser Aluminum and gave the company an “equal weight” rating in a research report on Tuesday, January 13th. JPMorgan Chase & Co. upped their target price on shares of Kaiser Aluminum from $82.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Wall Street Zen raised shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kaiser Aluminum in a research note on Monday, December 29th.

Insiders Place Their Bets

In other Kaiser Aluminum news, EVP Blain Tiffany sold 8,656 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $93.92, for a total value of $812,971.52. Following the sale, the executive vice president owned 26,275 shares of the company’s stock, valued at $2,467,748. This trade represents a 24.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Kaiser Aluminum

A number of large investors have recently made changes to their positions in the business. State Street Corp boosted its stake 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 in the last quarter. Tributary Capital Management LLC increased its stake 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 in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Kaiser Aluminum in the third quarter worth approximately $13,111,000. Gabelli Funds LLC purchased a new stake in shares of Kaiser Aluminum during the second quarter valued at approximately $5,013,000. Finally, Raymond James Financial Inc. increased its position in shares of Kaiser Aluminum by 211.2% during the second quarter. Raymond James Financial Inc. now owns 82,553 shares of the industrial products company’s stock valued at $6,596,000 after acquiring an additional 56,028 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors.

Kaiser Aluminum Trading Down 0.6%

NASDAQ KALU opened at $138.00 on Thursday. 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 business has a fifty day simple moving average of $117.79 and a 200 day simple moving average of $94.41. Kaiser Aluminum has a 12 month low of $46.81 and a 12 month high of $143.02. The firm has a market capitalization of $2.24 billion, a P/E ratio of 24.95 and a beta of 1.42.

Kaiser Aluminum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 23rd will be given a $0.77 dividend. The ex-dividend date is Friday, January 23rd. This represents a $3.08 annualized dividend and a yield of 2.2%. Kaiser Aluminum’s payout ratio is presently 55.70%.

Kaiser Aluminum Company Profile

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.