Kaiser Aluminum’s (KALU) Underweight Rating Reaffirmed at Wells Fargo & Company

Kaiser Aluminum (NASDAQ:KALU)‘s stock had its “underweight” rating reaffirmed by equities researchers at Wells Fargo & Company in a note issued to investors on Thursday,Benzinga reports. They presently have a $158.00 price target on the industrial products company’s stock. Wells Fargo & Company‘s target price would indicate a potential downside of 6.45% from the company’s current price.

A number of other equities analysts also recently commented on KALU. Zacks Research downgraded shares of Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Weiss Ratings upgraded shares of Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. KeyCorp raised their price target 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. Wall Street Zen raised shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. Finally, 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 report on Thursday, April 30th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Kaiser Aluminum has a consensus rating of “Hold” and an average target price of $165.50.

Kaiser Aluminum Stock Down 1.1%

Shares of KALU opened at $168.89 on Thursday. Kaiser Aluminum has a 52-week low of $71.44 and a 52-week high of $195.96. The company has a market capitalization of $2.76 billion, a PE ratio of 18.40 and a beta of 1.59. The stock has a fifty day simple moving average of $179.24 and a two-hundred day simple moving average of $147.18. The company has a quick ratio of 1.14, a current ratio of 2.47 and a debt-to-equity ratio of 1.28.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $3.74 earnings per share for the quarter, beating the consensus estimate of $1.96 by $1.78. Kaiser Aluminum had a net margin of 4.14% and a return on equity of 17.00%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $948.50 million. During the same quarter in the previous year, the company posted $1.44 EPS. The company’s revenue was up 42.4% compared to the same quarter last year. As a group, equities analysts forecast that Kaiser Aluminum will post 8.69 EPS for the current year.

Insider Buying and Selling

In other Kaiser Aluminum news, Director Richard P. Grimley sold 1,524 shares of the stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $171.52, for a total transaction of $261,396.48. Following the completion of the transaction, the director owned 4,578 shares of the company’s stock, valued at $785,218.56. This trade represents a 24.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Neal E. West sold 5,000 shares of Kaiser Aluminum stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $173.29, for a total transaction of $866,450.00. Following the sale, the chief financial officer owned 19,091 shares of the company’s stock, valued at approximately $3,308,279.39. This represents a 20.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 71,731 shares of company stock valued at $12,529,097 over the last three months. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KALU. Farther Finance Advisors LLC boosted its position in shares of Kaiser Aluminum by 389.3% during the fourth 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 period. EverSource Wealth Advisors LLC raised its holdings in shares of Kaiser Aluminum by 475.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company’s stock valued at $33,000 after buying an additional 342 shares during the period. Global Retirement Partners LLC lifted its stake in Kaiser Aluminum by 408.3% during the 4th 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 in the last quarter. KBC Group NV acquired a new position in Kaiser Aluminum during the 1st quarter worth about $44,000. Finally, Quantbot Technologies LP acquired a new position in Kaiser Aluminum during the 2nd quarter worth about $44,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.

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.