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

Kaiser Aluminum (NASDAQ:KALU) announced its quarterly earnings data on Wednesday. The industrial products company reported $5.53 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $2.87, FiscalAI reports. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.12 billion. Kaiser Aluminum had a return on equity of 17.00% and a net margin of 4.14%.The company’s revenue was up 52.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.21 earnings per share.

Kaiser Aluminum Trading Down 0.0%

Shares of KALU stock opened at $164.32 on Thursday. Kaiser Aluminum has a 1-year low of $71.44 and a 1-year 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 current ratio of 2.47 and a quick ratio of 1.14. The stock has a 50 day simple moving average of $176.12 and a 200-day simple moving average of $150.31.

Kaiser Aluminum Dividend Announcement

The firm 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 dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, July 24th. Kaiser Aluminum’s dividend payout ratio is presently 33.55%.

Insider Transactions at Kaiser Aluminum

In other Kaiser Aluminum news, SVP Iulian Gheorghe sold 175 shares of the company’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $174.22, for a total transaction of $30,488.50. Following the completion of the transaction, the senior vice president directly owned 4,448 shares in the company, valued at approximately $774,930.56. This represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Neal E. West sold 5,000 shares of the stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $173.29, for a total transaction of $866,450.00. Following the transaction, the chief financial officer directly owned 19,091 shares in the company, valued at approximately $3,308,279.39. The trade was a 20.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 71,731 shares of company stock worth $12,529,097 in the last ninety days. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. State Street Corp boosted its holdings in Kaiser Aluminum by 31.9% in the 2nd quarter. State Street Corp now owns 1,154,415 shares of the industrial products company’s stock worth $92,238,000 after buying an additional 279,231 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Kaiser Aluminum by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 831,652 shares of the industrial products company’s stock valued at $95,528,000 after acquiring an additional 13,909 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Kaiser Aluminum by 1.1% in the third quarter. Wellington Management Group LLP now owns 502,446 shares of the industrial products company’s stock valued at $38,769,000 after acquiring an additional 5,623 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Kaiser Aluminum by 16.8% in the fourth quarter. Bank of New York Mellon Corp now owns 198,354 shares of the industrial products company’s stock worth $22,783,000 after acquiring an additional 28,495 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Kaiser Aluminum by 111.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 179,781 shares of the industrial products company’s stock valued at $20,650,000 after purchasing an additional 94,874 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Weiss Ratings raised shares of Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Wall Street Zen upgraded Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 18th. Wells Fargo & Company reaffirmed an “underweight” rating and set a $158.00 target price on shares of Kaiser Aluminum in a report on Thursday, July 9th. Zacks Research lowered Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, KeyCorp lifted their target price on shares of Kaiser Aluminum from $170.00 to $183.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Two investment 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 MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.