Kaiser Aluminum (NASDAQ:KALU) Upgraded by Wall Street Zen to Strong-Buy Rating

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

Several other research firms have also recently issued reports on KALU. UBS Group increased their target price 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. Wells Fargo & Company upped their price target on shares of Kaiser Aluminum from $158.00 to $169.00 and gave the stock an “underweight” rating in a report on Friday, July 24th. Zacks Research upgraded Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $142.00 price objective (up from $124.00) on shares of Kaiser Aluminum in a research report on Thursday, April 30th. Finally, KeyCorp boosted their target price on Kaiser Aluminum from $170.00 to $183.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Kaiser Aluminum currently has an average rating of “Hold” and a consensus target price of $168.25.

Kaiser Aluminum Stock Performance

Shares of KALU opened at $159.68 on Friday. The stock’s 50-day simple moving average is $175.09 and its 200 day simple moving average is $152.28. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 11.84 and a beta of 1.61. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.17 and a current ratio of 2.50. Kaiser Aluminum has a 52-week low of $71.44 and a 52-week high of $195.96.

Kaiser Aluminum (NASDAQ:KALU) last posted its earnings results on Wednesday, July 22nd. The industrial products company reported $5.53 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $2.87. The business 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%.The company’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. Research analysts forecast that Kaiser Aluminum will post 10.63 EPS for the current fiscal year.

Kaiser Aluminum Dividend Announcement

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

Hedge Funds Weigh In On Kaiser Aluminum

Large investors have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund boosted its position in Kaiser Aluminum by 1.7% during the first quarter. Oregon Public Employees Retirement Fund now owns 3,704 shares of the industrial products company’s stock valued at $446,000 after buying an additional 62 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Kaiser Aluminum by 18.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 471 shares of the industrial products company’s stock worth $54,000 after buying an additional 73 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of Kaiser Aluminum by 2.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,916 shares of the industrial products company’s stock worth $450,000 after buying an additional 76 shares during the period. ProShare Advisors LLC lifted its stake in shares of Kaiser Aluminum by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 3,127 shares of the industrial products company’s stock valued at $359,000 after acquiring an additional 97 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in shares of Kaiser Aluminum by 1.2% in the 4th quarter. State of Alaska Department of Revenue now owns 8,842 shares of the industrial products company’s stock valued at $1,014,000 after acquiring an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum News Roundup

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

• Positive Sentiment: Zacks upgraded Kaiser Aluminum (KALU) from Hold to Strong Buy, reflecting increased optimism about the company’s earnings outlook and estimate revisions. Kaiser Upgraded to Strong Buy
• Positive Sentiment: KALU was added to Zacks’ Rank #1 Strong Buy list, which could attract investor interest and reinforce expectations for improving profitability. New Strong Buy Stocks for July 30
• Positive Sentiment: Zacks identified Kaiser as a potential growth stock, citing attributes that could support above-average returns. Another Zacks report highlighted KALU among industrial stocks positioned to benefit from resilient manufacturing, infrastructure spending and AI-related demand. Kaiser Growth Stock Analysis Industrial Stocks Amid Manufacturing Resilience
• Neutral Sentiment: A sector comparison examines Kaiser’s year-to-date performance against industrial-products stocks and UniFirst, offering context on relative momentum but no new company-specific catalyst. Industrial Products Stock Performance Comparison
• Neutral Sentiment: Zacks’ value-investing review considers KALU’s valuation, growth and momentum factors, but does not represent a separate change in company fundamentals. Kaiser Value Investor Analysis
• Negative Sentiment: J.P. Morgan maintained its Sell rating on Kaiser Aluminum, signaling that the firm sees downside risk despite the recent bullish Zacks upgrade. J.P. Morgan Maintains Sell Rating

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.