Kaiser Aluminum (NASDAQ:KALU) Stock Price Down 6.8% – What’s Next?

Kaiser Aluminum Corporation (NASDAQ:KALU) was down 6.8% on Friday . The company traded as low as $172.16 and last traded at $168.3840. 27,212 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 249,455 shares. The stock had previously closed at $180.60.

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

Analysts Set New Price Targets

Several equities analysts have weighed in on KALU shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $142.00 target price (up from $124.00) on shares of Kaiser Aluminum in a research report on Thursday, April 30th. UBS Group increased their price target on shares of Kaiser Aluminum from $176.00 to $179.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Kaiser Aluminum in a research report on Tuesday. KeyCorp boosted their price objective on Kaiser Aluminum from $170.00 to $183.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Finally, Wall Street Zen downgraded shares of Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Kaiser Aluminum has an average rating of “Hold” and an average target price of $168.25.

Kaiser Aluminum Stock Performance

The firm’s 50-day moving average is $176.05 and its 200 day moving average is $150.82. The stock has a market cap of $2.67 billion, a PE ratio of 12.10 and a beta of 1.59. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.14 and a current ratio of 2.50.

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

Kaiser Aluminum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 24th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, July 24th. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 22.83%.

Insider Buying and Selling

In other news, SVP Iulian Gheorghe sold 175 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $174.22, for a total value of $30,488.50. Following the transaction, the senior vice president owned 4,448 shares of the company’s stock, valued at approximately $774,930.56. The trade was a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Neal E. West sold 5,000 shares of Kaiser Aluminum 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 completion of the transaction, the chief financial officer owned 19,091 shares in the company, valued at approximately $3,308,279.39. This trade represents a 20.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 71,731 shares of company stock worth $12,529,097. 1.30% of the stock is currently owned by insiders.

Institutional Trading of Kaiser Aluminum

A number of institutional investors have recently modified their holdings of KALU. Vanguard Group Inc. boosted its position in shares of Kaiser Aluminum by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 2,117,791 shares of the industrial products company’s stock worth $243,249,000 after buying an additional 5,823 shares in the last quarter. State Street Corp raised its position in Kaiser Aluminum by 31.9% during the second quarter. State Street Corp now owns 1,154,415 shares of the industrial products company’s stock worth $92,238,000 after acquiring an additional 279,231 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Kaiser Aluminum by 1.7% in 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 purchasing an additional 13,909 shares in the last quarter. Wellington Management Group LLP lifted its holdings 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 purchasing an additional 5,623 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position 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 valued at $22,783,000 after purchasing an additional 28,495 shares during 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.