Kaiser Aluminum (NASDAQ:KALU) Stock Price Up 10.2% Following Strong Earnings

Shares of Kaiser Aluminum Corporation (NASDAQ:KALU) shot up 10.2% during trading on Thursday following a stronger than expected earnings report. The company traded as high as $178.87 and last traded at $181.0220. 41,783 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 247,725 shares. The stock had previously closed at $164.32.

The industrial products company reported $5.53 earnings per share for the quarter, beating the consensus estimate of $2.66 by $2.87. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.12 billion. Kaiser Aluminum had a net margin of 5.49% and a return on equity of 24.71%. The firm’s revenue for the quarter was up 52.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.21 EPS.

Kaiser Aluminum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 24th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, July 24th. Kaiser Aluminum’s payout ratio is currently 22.83%.

Trending Headlines about 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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. UBS Group boosted their price target on shares of Kaiser Aluminum from $176.00 to $179.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Kaiser Aluminum in a report on Tuesday. Zacks Research downgraded shares of Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. KeyCorp increased their target price on shares of Kaiser Aluminum from $170.00 to $183.00 and gave the stock an “overweight” rating in a 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 equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $168.25.

Insider Buying and Selling at Kaiser Aluminum

In related news, CEO Keith Harvey sold 47,001 shares of Kaiser Aluminum stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $175.09, for a total value of $8,229,405.09. Following the completion of the transaction, the chief executive officer owned 97,339 shares in the company, valued at $17,043,085.51. The trade was a 32.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Iulian Gheorghe sold 175 shares of Kaiser Aluminum stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $174.22, for a total transaction of $30,488.50. Following the completion of the transaction, the senior vice president owned 4,448 shares of the company’s stock, valued at $774,930.56. This represents a 3.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 71,731 shares of company stock valued at $12,529,097. 1.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kaiser Aluminum

Several institutional investors have recently modified their holdings of KALU. Assenagon Asset Management S.A. acquired a new position in shares of Kaiser Aluminum during the second quarter worth $10,659,000. GAMMA Investing LLC increased its holdings in shares of Kaiser Aluminum by 25.5% in the 2nd 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 during the last quarter. Harbor Investment Advisory LLC acquired a new stake in shares of Kaiser Aluminum during the 2nd quarter worth about $64,000. Pacific Excel Wealth Advisors Inc. acquired a new stake in shares of Kaiser Aluminum during the 2nd quarter worth about $207,000. Finally, PVG Asset Management Corp lifted its stake in Kaiser Aluminum by 331.9% during the first 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 during the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

Kaiser Aluminum Stock Performance

The firm has a 50 day moving average of $176.05 and a two-hundred day moving average of $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 stock has a market cap of $2.67 billion, a PE ratio of 12.10 and a beta of 1.59.

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.