Brokerages Set Kaiser Aluminum Corporation (NASDAQ:KALU) PT at $159.50

Kaiser Aluminum Corporation (NASDAQ:KALU) has earned an average recommendation of “Hold” from the six brokerages that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $165.50.

A number of research firms have recently commented on KALU. Wells Fargo & Company reiterated an “underweight” rating and issued a $158.00 price objective on shares of Kaiser Aluminum in a research note on Thursday. Wall Street Zen raised Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 18th. UBS Group lifted their price target on Kaiser Aluminum from $176.00 to $179.00 and gave the stock a “neutral” rating in a research report on Wednesday. KeyCorp upped their price target on Kaiser Aluminum from $170.00 to $183.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $142.00 price target (up from $124.00) on shares of Kaiser Aluminum in a report on Thursday, April 30th.

Kaiser Aluminum Stock Performance

NASDAQ:KALU traded down $3.07 during midday trading on Friday, reaching $159.89. The stock had a trading volume of 256,915 shares, compared to its average volume of 296,740. The stock has a market capitalization of $2.61 billion, a P/E ratio of 17.42 and a beta of 1.59. Kaiser Aluminum has a 1-year low of $71.44 and a 1-year high of $195.96. 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 firm’s fifty day simple moving average is $178.79 and its 200-day simple moving average is $147.61.

Kaiser Aluminum (NASDAQ:KALU) last released its earnings results on Wednesday, April 22nd. The industrial products company reported $3.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $1.78. Kaiser Aluminum had a net margin of 4.14% and a return on equity of 17.00%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $948.50 million. During the same quarter in the previous year, the business earned $1.44 EPS. The business’s revenue was up 42.4% on a year-over-year basis. On average, equities research analysts forecast that Kaiser Aluminum will post 8.69 EPS for the current fiscal year.

Insider Buying and Selling at Kaiser Aluminum

In other Kaiser Aluminum news, CFO Neal E. West sold 5,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $173.29, for a total value of $866,450.00. Following the sale, the chief financial officer directly owned 19,091 shares in the company, valued at $3,308,279.39. This trade represents a 20.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Keith Harvey sold 47,001 shares of the business’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $175.09, for a total transaction of $8,229,405.09. Following the transaction, the chief executive officer owned 97,339 shares in the company, valued at approximately $17,043,085.51. The trade was a 32.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 71,731 shares of company stock valued at $12,529,097 in the last three months. 1.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Kaiser Aluminum

A number of institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. bought a new position in Kaiser Aluminum during the second quarter valued at about $10,659,000. GAMMA Investing LLC lifted its position in shares of Kaiser Aluminum by 25.5% in the 2nd quarter. GAMMA Investing LLC now owns 897 shares of the industrial products company’s stock worth $175,000 after acquiring an additional 182 shares during the period. Harbor Investment Advisory LLC bought a new stake in shares of Kaiser Aluminum in the 2nd quarter worth approximately $64,000. Pacific Excel Wealth Advisors Inc. acquired a new stake in shares of Kaiser Aluminum during the 2nd quarter worth approximately $207,000. Finally, PVG Asset Management Corp grew its holdings in shares of Kaiser Aluminum by 331.9% during the 1st quarter. PVG Asset Management Corp now owns 8,374 shares of the industrial products company’s stock worth $1,009,000 after purchasing an additional 6,435 shares in the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

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.