Kaiser Aluminum (NASDAQ:KALU) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Kaiser Aluminum (NASDAQ:KALU) from a buy rating to a strong-buy rating in a report issued on Sunday.

KALU has been the topic of several other reports. UBS Group lifted their price target on Kaiser Aluminum from $176.00 to $179.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Wells Fargo & Company boosted their target price on shares of Kaiser Aluminum from $158.00 to $169.00 and gave the company an “underweight” rating in a report on Friday, July 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Kaiser Aluminum in a research note on Tuesday, July 21st. JPMorgan Chase & Co. reissued an “underweight” rating and set a $142.00 price target (up from $124.00) on shares of Kaiser Aluminum in a research report on Thursday, April 30th. Finally, KeyCorp upped their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $168.25.

Kaiser Aluminum Stock Performance

Shares of KALU opened at $174.61 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.50 and a quick ratio of 1.17. Kaiser Aluminum has a one year low of $71.44 and a one year high of $195.96. The company has a 50-day simple moving average of $174.64 and a two-hundred day simple moving average of $152.88. The firm has a market capitalization of $2.85 billion, a PE ratio of 12.94 and a beta of 1.61.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings data 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 business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the previous year, the firm posted $1.21 EPS. The business’s revenue was up 52.7% on a year-over-year basis. On average, analysts anticipate that Kaiser Aluminum will post 10.63 EPS for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 24th will be paid a $0.77 dividend. The ex-dividend date is Friday, July 24th. This represents a $3.08 annualized dividend and a dividend yield of 1.8%. Kaiser Aluminum’s payout ratio is currently 22.83%.

Institutional Investors Weigh In On Kaiser Aluminum

Several institutional investors have recently modified their holdings of KALU. Farther Finance Advisors LLC raised its position in Kaiser Aluminum by 389.3% in the 4th quarter. Farther Finance Advisors LLC now owns 274 shares of the industrial products company’s stock worth $31,000 after buying an additional 218 shares during the last quarter. Harbor Investment Advisory LLC purchased a new stake in shares of Kaiser Aluminum during the 2nd quarter valued at about $64,000. KBC Group NV purchased a new stake in shares of Kaiser Aluminum during the 1st quarter valued at about $44,000. Global Retirement Partners LLC grew its stake in shares of Kaiser Aluminum by 408.3% in the fourth quarter. Global Retirement Partners LLC now owns 366 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 294 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Kaiser Aluminum by 475.0% in the second quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 342 shares during the period. 99.29% of the stock is 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.