Kaiser Aluminum (NASDAQ:KALU) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Kaiser Aluminum (NASDAQ:KALU) had its target price hoisted by stock analysts at Wells Fargo & Company from $158.00 to $169.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “underweight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 3.57% from the company’s current price.

Several other brokerages also recently commented on KALU. Zacks Research downgraded shares of Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Kaiser Aluminum in a report on Tuesday. KeyCorp upped their target price on shares of Kaiser Aluminum from $170.00 to $183.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. 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. Finally, UBS Group raised their price target on shares of Kaiser Aluminum from $176.00 to $179.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Kaiser Aluminum currently has an average rating of “Hold” and a consensus target price of $168.25.

Kaiser Aluminum Trading Down 9.7%

NASDAQ KALU opened at $163.17 on Friday. Kaiser Aluminum has a 12 month low of $71.44 and a 12 month high of $195.96. The company has a current ratio of 2.50, a quick ratio of 1.14 and a debt-to-equity ratio of 1.10. The stock’s fifty day moving average price is $176.05 and its 200-day moving average price is $150.82. The stock 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 posted its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $5.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $2.87. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.12 billion. Kaiser Aluminum had a return on equity of 24.71% and a net margin of 5.49%.Kaiser Aluminum’s quarterly revenue was up 52.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.21 EPS. As a group, equities analysts forecast that Kaiser Aluminum will post 9.11 EPS for the current fiscal year.

Insider Buying and Selling at Kaiser Aluminum

In other news, Director Richard P. Grimley sold 1,524 shares of Kaiser Aluminum stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $171.52, for a total value of $261,396.48. Following the completion of the sale, the director directly owned 4,578 shares in the company, valued at $785,218.56. The trade was a 24.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Brett Wilcox sold 15,000 shares of Kaiser Aluminum stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $174.44, for a total transaction of $2,616,600.00. Following the completion of the sale, the director owned 9,887 shares of the company’s stock, valued at $1,724,688.28. This represents a 60.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 71,731 shares of company stock worth $12,529,097. 1.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its position in Kaiser Aluminum by 212.6% in the 1st quarter. Royal Bank of Canada now owns 5,815 shares of the industrial products company’s stock worth $352,000 after purchasing an additional 3,955 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in shares of Kaiser Aluminum during the 1st quarter valued at $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Kaiser Aluminum by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,491 shares of the industrial products company’s stock valued at $575,000 after buying an additional 397 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Kaiser Aluminum by 2.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,971 shares of the industrial products company’s stock worth $2,544,000 after buying an additional 1,084 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Kaiser Aluminum by 323.6% in the 1st quarter. Jane Street Group LLC now owns 55,190 shares of the industrial products company’s stock worth $3,346,000 after buying an additional 42,160 shares during the last quarter. Institutional investors own 99.29% of the company’s stock.

More Kaiser Aluminum News

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

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.