Kaiser Aluminum (NASDAQ:KALU) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Kaiser Aluminum (NASDAQ:KALU) from an underweight rating to a neutral rating in a report issued on Monday morning, Marketbeat reports. The firm currently has $140.00 price objective on the industrial products company’s stock, down from their prior price objective of $146.00.

Other equities research analysts have also recently issued reports about the company. KeyCorp cut their target price on Kaiser Aluminum from $183.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, October 8th. UBS Group raised shares of Kaiser Aluminum from a “neutral” rating to a “buy” rating and boosted their price target for the company from $179.00 to $184.00 in a report on Monday, August 31st. Wall Street Zen lowered shares of Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 24th. Weiss Ratings cut shares of Kaiser Aluminum from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, September 2nd. Finally, Barclays dropped their price objective on shares of Kaiser Aluminum from $180.00 to $155.00 and set an “overweight” rating on the stock in a report on Monday. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Kaiser Aluminum has a consensus rating of “Moderate Buy” and an average price target of $141.00.

Kaiser Aluminum Trading Up 4.0%

Shares of NASDAQ KALU opened at $120.85 on Monday. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 9.33 and a beta of 1.59. Kaiser Aluminum has a 12-month low of $87.89 and a 12-month high of $199.89. The company has a current ratio of 2.63, a quick ratio of 1.25 and a debt-to-equity ratio of 1.06. The stock’s 50 day simple moving average is $149.96 and its 200 day simple moving average is $152.95.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings data on Wednesday, October 21st. The industrial products company reported $1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.48). The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. Kaiser Aluminum had a net margin of 4.85% and a return on equity of 23.65%. The company’s revenue for the quarter was up 43.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.86 EPS. Equities research analysts expect that Kaiser Aluminum will post 13.40 EPS for the current year.

Kaiser Aluminum Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 23rd will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, October 23rd. Kaiser Aluminum’s dividend payout ratio is 23.78%.

Institutional Trading of Kaiser Aluminum

Several large investors have recently added to or reduced their stakes in KALU. State of Wyoming increased its holdings in shares of Kaiser Aluminum by 12.0% during the third quarter. State of Wyoming now owns 2,493 shares of the industrial products company’s stock valued at $361,000 after purchasing an additional 268 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in shares of Kaiser Aluminum by 108.8% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 7,100 shares of the industrial products company’s stock valued at $1,028,000 after purchasing an additional 3,700 shares in the last quarter. BOKF NA bought a new stake in shares of Kaiser Aluminum during the third quarter valued at about $231,000. Signaturefd LLC lifted its holdings in Kaiser Aluminum by 228.0% in the third quarter. Signaturefd LLC now owns 269 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 187 shares during the period. Finally, Tectonic Advisors LLC acquired a new stake in Kaiser Aluminum in the third quarter worth about $825,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Kaiser Aluminum

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

• Positive Sentiment: UBS maintained a Buy rating on Kaiser Aluminum, indicating confidence in the company’s longer-term prospects despite reducing its price target to $158 from $184. UBS Remains a Buy on Kaiser Aluminum
• Positive Sentiment: Barclays issued a Buy rating on KALU, adding to the positive analyst support for the stock. Kaiser Aluminum Receives a Buy from Barclays
• Positive Sentiment: KeyCorp kept an Overweight rating and a $127 price target, suggesting the firm still sees upside or attractive valuation at current levels. KeyCorp Has Lowered Expectations for Kaiser Aluminum Stock Price
• Neutral Sentiment: JPMorgan upgraded Kaiser Aluminum to Neutral, removing a more bearish stance but stopping short of recommending the shares. Kaiser Aluminum Raised to Neutral at JPMorgan
• Negative Sentiment: KeyCorp’s forecasts imply softer profitability, with projected EPS of $12.75 for fiscal 2026, $10.40 for fiscal 2027, and $1.59 for the fourth quarter—below the current full-year consensus estimate of $13.40. KeyCorp Has Lowered Expectations for Kaiser Aluminum Stock Price
• Negative Sentiment: UBS’s target reduction and the recent quarterly EPS shortfall highlight concerns about near-term earnings momentum, even though revenue increased year over year. Can Kaiser Aluminum Recover After Its Quarterly Miss?

Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation is a producer of semi-fabricated aluminum products used by manufacturers in the aerospace and defense, automotive, industrial, and consumer products markets. The company supplies aluminum materials designed for applications that require strength, light weight, corrosion resistance, and other specialized performance characteristics.

Its product portfolio includes rolled aluminum sheet and plate, extruded products, forged components, and other fabricated aluminum products.