Kaiser Aluminum (NASDAQ:KALU) Reaches New 52-Week High – Should You Buy?

Kaiser Aluminum Corporation (NASDAQ:KALU)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $125.00 and last traded at $124.0810, with a volume of 17151 shares trading hands. The stock had previously closed at $123.07.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Zacks Research downgraded Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Wells Fargo & Company increased their price target on Kaiser Aluminum from $90.00 to $108.00 and gave the stock an “overweight” rating in a report on Friday, October 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kaiser Aluminum in a research report on Monday, December 29th. Wall Street Zen raised shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Kaiser Aluminum from $82.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $95.67.

Kaiser Aluminum Stock Performance

The stock’s fifty day simple moving average is $104.84 and its 200-day simple moving average is $89.02. The company has a quick ratio of 1.08, a current ratio of 2.48 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $2.05 billion, a PE ratio of 22.89 and a beta of 1.44.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings results on Wednesday, April 2nd. The industrial products company reported $1.21 earnings per share for the quarter. Kaiser Aluminum had a return on equity of 10.67% and a net margin of 2.85%.The business had revenue of $765.40 million during the quarter. On average, research analysts predict that Kaiser Aluminum Corporation will post 5.14 earnings per share for the current fiscal year.

Insider Activity

In other Kaiser Aluminum news, EVP Blain Tiffany sold 8,656 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $93.92, for a total transaction of $812,971.52. Following the transaction, the executive vice president owned 26,275 shares of the company’s stock, valued at $2,467,748. This represents a 24.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Kaiser Aluminum

A number of hedge funds have recently made changes to their positions in the stock. State Street Corp boosted its holdings in Kaiser Aluminum by 31.9% in the second quarter. State Street Corp now owns 1,154,415 shares of the industrial products company’s stock valued at $92,238,000 after acquiring an additional 279,231 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Kaiser Aluminum by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 817,743 shares of the industrial products company’s stock worth $63,095,000 after acquiring an additional 4,743 shares during the period. American Century Companies Inc. boosted its stake in shares of Kaiser Aluminum by 9.8% in the third quarter. American Century Companies Inc. now owns 588,720 shares of the industrial products company’s stock valued at $45,426,000 after purchasing an additional 52,512 shares during the period. Wellington Management Group LLP boosted its position in Kaiser Aluminum by 1.1% in the 3rd quarter. Wellington Management Group LLP now owns 502,446 shares of the industrial products company’s stock valued at $38,769,000 after buying an additional 5,623 shares during the last quarter. Finally, Tributary Capital Management LLC lifted its stake in shares of Kaiser Aluminum by 92.5% in the third quarter. Tributary Capital Management LLC now owns 500,418 shares of the industrial products company’s stock worth $38,612,000 after acquiring an additional 240,518 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

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.