Kaiser Aluminum (NASDAQ:KALU) Stock Rating Upgraded by Wall Street Zen
by Amy Steele · The Cerbat GemKaiser Aluminum (NASDAQ:KALU – Get Free Report) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.
Several other analysts have also issued reports on KALU. Wells Fargo & Company boosted their price target on Kaiser Aluminum from $125.00 to $137.00 and gave the company an “equal weight” rating in a report on Wednesday. KeyCorp started coverage on Kaiser Aluminum in a report on Thursday. They set an “overweight” rating and a $170.00 price target for the company. JPMorgan Chase & Co. boosted their price target on Kaiser Aluminum from $118.00 to $124.00 and gave the company a “neutral” rating in a report on Monday, February 23rd. Zacks Research downgraded Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Weiss Ratings downgraded Kaiser Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 6th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Kaiser Aluminum presently has a consensus rating of “Hold” and a consensus target price of $126.25.
Check Out Our Latest Analysis on KALU
Kaiser Aluminum Stock Performance
NASDAQ:KALU opened at $148.35 on Friday. The stock has a 50-day simple moving average of $129.39 and a two-hundred day simple moving average of $113.58. Kaiser Aluminum has a 52-week low of $52.53 and a 52-week high of $150.00. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.26 and a current ratio of 2.95. The firm has a market capitalization of $2.40 billion, a PE ratio of 21.88 and a beta of 1.39.
Kaiser Aluminum (NASDAQ:KALU – Get Free Report) last released its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.03). Kaiser Aluminum had a net margin of 3.34% and a return on equity of 12.69%. The company had revenue of $929.00 million for the quarter, compared to the consensus estimate of $902.00 million. During the same period in the prior year, the firm posted $0.33 EPS. The business’s revenue for the quarter was up 21.4% on a year-over-year basis. Analysts forecast that Kaiser Aluminum will post 5.14 EPS for the current year.
Insider Activity at Kaiser Aluminum
In other news, CFO Neal E. West sold 5,000 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $121.72, for a total value of $608,600.00. Following the transaction, the chief financial officer directly owned 12,775 shares in the company, valued at $1,554,973. The trade was a 28.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is owned by insiders.
Hedge Funds Weigh In On Kaiser Aluminum
Large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its position in shares of Kaiser Aluminum by 389.3% in the fourth quarter. Farther Finance Advisors LLC now owns 274 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 218 shares in the last quarter. First Horizon Corp purchased a new stake in shares of Kaiser Aluminum in the third quarter worth about $27,000. Global Retirement Partners LLC lifted its position in shares of Kaiser Aluminum by 408.3% in the fourth quarter. Global Retirement Partners LLC now owns 366 shares of the industrial products company’s stock worth $42,000 after buying an additional 294 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Kaiser Aluminum by 340.0% in the third quarter. Hantz Financial Services Inc. now owns 374 shares of the industrial products company’s stock worth $29,000 after buying an additional 289 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Kaiser Aluminum by 475.0% in the second quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company’s stock worth $33,000 after buying an additional 342 shares in the last quarter. 99.29% of the stock is currently owned by hedge funds and other 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.