Wells Fargo & Company Issues Positive Forecast for Kaiser Aluminum (NASDAQ:KALU) Stock Price

Kaiser Aluminum (NASDAQ:KALU) had its price objective upped by Wells Fargo & Company from $158.00 to $169.00 in a research note published on Friday,Benzinga reports. They currently have an underweight rating on the industrial products company’s stock.

KALU has been the topic of a number of other reports. Wall Street Zen raised shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 18th. UBS Group upped their target price on shares of Kaiser Aluminum from $176.00 to $179.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Zacks Research cut shares of Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. KeyCorp raised their price target 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. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Kaiser Aluminum in a research report on Tuesday. 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 stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $168.25.

Kaiser Aluminum Trading Down 9.7%

NASDAQ:KALU opened at $163.17 on Friday. Kaiser Aluminum has a 1 year low of $71.44 and a 1 year high of $195.96. The stock’s fifty day moving average price is $176.05 and its two-hundred day moving average price is $150.82. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.50 and a quick ratio of 1.14. The company has a market cap of $2.67 billion, a P/E ratio of 12.10 and a beta of 1.59.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $5.53 earnings per share for the quarter, beating the consensus estimate of $2.66 by $2.87. Kaiser Aluminum had a return on equity of 24.71% and a net margin of 5.49%.The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the previous year, the business earned $1.21 earnings per share. The firm’s quarterly revenue was up 52.7% compared to the same quarter last year. As a group, analysts expect that Kaiser Aluminum will post 9.11 EPS for the current year.

Kaiser Aluminum Announces Dividend

The company also recently disclosed 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 22.83%.

Insider Activity

In related news, CFO Neal E. West sold 5,000 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $173.29, for a total transaction of $866,450.00. Following the transaction, the chief financial officer owned 19,091 shares in the company, valued at $3,308,279.39. The trade was a 20.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Iulian Gheorghe sold 175 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $174.22, for a total value of $30,488.50. Following the transaction, the senior vice president directly owned 4,448 shares of the company’s stock, valued at $774,930.56. The trade was a 3.79% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 71,731 shares of company stock valued at $12,529,097. 1.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kaiser Aluminum

A number of large investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. bought a new position in shares of Kaiser Aluminum during the second quarter valued at approximately $10,659,000. GAMMA Investing LLC boosted its holdings in Kaiser Aluminum by 25.5% in the second quarter. GAMMA Investing LLC now owns 897 shares of the industrial products company’s stock valued at $175,000 after acquiring an additional 182 shares in the last quarter. Harbor Investment Advisory LLC bought a new stake in Kaiser Aluminum in the second quarter valued at $64,000. Pacific Excel Wealth Advisors Inc. purchased a new position in Kaiser Aluminum during the 2nd quarter valued at $207,000. Finally, PVG Asset Management Corp raised its holdings in Kaiser Aluminum by 331.9% in 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 currently owned by institutional investors.

Key Headlines Impacting Kaiser Aluminum

Here are the key news stories impacting Kaiser Aluminum this week:

• Positive Sentiment: Kaiser Aluminum’s Q2 results topped expectations, with earnings of $5.53 per share well above consensus and revenue also exceeding forecasts, reinforcing a strong operational turnaround. Article Title
• Positive Sentiment: Analysts and earnings-call coverage highlighted strong earnings momentum and an upbeat full-year outlook, which likely helped extend the post-earnings rally in KALU. Article Title
• Positive Sentiment: Coverage of the company’s earnings call emphasized record revenue and strong profitability, suggesting the quarter was not just a beat but also a sign of durable improvement in demand and margins. Article Title
• Neutral Sentiment: Wells Fargo raised its price target on Kaiser Aluminum to $169 from $158, but kept an underweight rating, signaling improved valuation expectations while remaining cautious on the stock’s longer-term setup. Article Title

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.