Kaiser Aluminum (NASDAQ:KALU) Given New $169.00 Price Target at Wells Fargo & Company

Kaiser Aluminum (NASDAQ:KALU) had its target price lifted by equities researchers at Wells Fargo & Company from $158.00 to $169.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “underweight” rating on the industrial products company’s stock. Wells Fargo & Company‘s target price suggests a potential downside of 0.15% from the company’s current price.

A number of other equities research analysts have also issued reports on KALU. UBS Group upped 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. Wall Street Zen raised Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 18th. KeyCorp upped their target price on Kaiser Aluminum from $170.00 to $183.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Zacks Research cut Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $142.00 target price (up from $124.00) on shares of Kaiser Aluminum in a research note on Thursday, April 30th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Kaiser Aluminum presently has a consensus rating of “Hold” and a consensus price target of $168.25.

Kaiser Aluminum Price Performance

NASDAQ KALU traded down $11.34 during trading hours on Friday, hitting $169.26. 104,756 shares of the company’s stock traded hands, compared to its average volume of 250,086. The company has a market capitalization of $2.77 billion, a PE ratio of 12.55 and a beta of 1.59. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.47 and a quick ratio of 1.14. Kaiser Aluminum has a 52-week low of $71.44 and a 52-week high of $195.96. The firm’s 50-day moving average is $176.18 and its 200-day moving average is $150.73.

Kaiser Aluminum (NASDAQ:KALU) last released its earnings results on Wednesday, July 22nd. The industrial products company reported $5.53 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $2.87. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.12 billion. Kaiser Aluminum had a net margin of 5.49% and a return on equity of 25.50%. The business’s revenue was up 52.7% on a year-over-year basis. During the same period last year, the company posted $1.21 EPS. Equities analysts forecast that Kaiser Aluminum will post 9.11 EPS for the current fiscal year.

Insider Activity at Kaiser Aluminum

In other Kaiser Aluminum news, CFO Neal E. West sold 5,000 shares of Kaiser Aluminum stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $173.29, for a total value of $866,450.00. Following the sale, the chief financial officer owned 19,091 shares in the company, valued at $3,308,279.39. The trade was a 20.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard P. Grimley sold 1,524 shares of Kaiser Aluminum stock in a transaction 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 owned 4,578 shares in the company, valued at $785,218.56. This represents a 24.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 71,731 shares of company stock valued at $12,529,097 over the last 90 days. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of Kaiser Aluminum

Several institutional investors and hedge funds have recently bought and sold shares of KALU. Farther Finance Advisors LLC boosted its stake in 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 stake 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 acquiring an additional 342 shares during the period. Global Retirement Partners LLC raised its stake in shares of Kaiser Aluminum by 408.3% in the 4th quarter. Global Retirement Partners LLC now owns 366 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 294 shares during the period. KBC Group NV acquired a new position in shares of Kaiser Aluminum in the 1st quarter worth approximately $44,000. Finally, Quantbot Technologies LP acquired a new position in shares of Kaiser Aluminum in the 2nd quarter worth approximately $44,000. 99.29% of the stock is currently 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.