Kaiser Aluminum (NASDAQ:KALU) Posts Quarterly Earnings Results, Beats Estimates By $1.83 EPS
by Amy Steele · The Cerbat GemKaiser Aluminum (NASDAQ:KALU – Get Free Report) released its earnings results on Wednesday. The industrial products company reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $1.83, FiscalAI reports. Kaiser Aluminum had a return on equity of 12.69% and a net margin of 3.34%.The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $948.50 million.
Kaiser Aluminum Trading Up 6.4%
Shares of KALU stock traded up $9.81 during trading on Wednesday, hitting $163.03. 466,078 shares of the stock traded hands, compared to its average volume of 226,750. The firm has a market capitalization of $2.64 billion, a P/E ratio of 24.05 and a beta of 1.39. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.95 and a quick ratio of 1.26. The firm’s fifty day moving average price is $129.85 and its 200-day moving average price is $114.61. Kaiser Aluminum has a 52-week low of $53.33 and a 52-week high of $165.42.
Kaiser Aluminum Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, April 24th will be given 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, April 24th. Kaiser Aluminum’s payout ratio is presently 45.43%.
Analyst Ratings Changes
Several equities research analysts have weighed in on KALU shares. KeyCorp assumed coverage on Kaiser Aluminum in a research report on Thursday, April 16th. They set an “overweight” rating and a $170.00 price target on the stock. Zacks Research cut Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Wall Street Zen upgraded Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Wells Fargo & Company raised their target price on Kaiser Aluminum from $125.00 to $137.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Finally, Weiss Ratings cut Kaiser Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 6th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $143.67.
Get Our Latest Stock Report on Kaiser Aluminum
Insider Activity at Kaiser Aluminum
In related news, CFO Neal E. West sold 5,000 shares of Kaiser Aluminum stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $121.72, for a total value of $608,600.00. Following the completion of the sale, the chief financial officer owned 12,775 shares in the company, valued at approximately $1,554,973. This trade represents a 28.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.40% of the company’s stock.
Hedge Funds Weigh In On Kaiser Aluminum
Several institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its position in shares of Kaiser Aluminum by 475.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 342 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of Kaiser Aluminum by 408.3% during the 4th quarter. Global Retirement Partners LLC now owns 366 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 294 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Kaiser Aluminum during the 2nd quarter worth $44,000. Tower Research Capital LLC TRC lifted its position in shares of Kaiser Aluminum by 130.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 605 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 343 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Kaiser Aluminum during the 4th quarter worth $68,000. Institutional investors and hedge funds own 99.29% of the company’s stock.
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.