Kaiser Aluminum (NASDAQ:KALU) Hits New 1-Year High – What’s Next?

Kaiser Aluminum Corporation (NASDAQ:KALU)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $120.43 and last traded at $122.1210, with a volume of 191116 shares changing hands. The stock had previously closed at $114.86.

Analysts Set New Price Targets

Several research analysts have recently commented on KALU shares. JPMorgan Chase & Co. raised their target price on shares of Kaiser Aluminum from $82.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Wall Street Zen upgraded Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 25th. Wells Fargo & Company boosted their price target on Kaiser Aluminum from $90.00 to $108.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Zacks Research lowered shares of Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Kaiser Aluminum in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kaiser Aluminum currently has an average rating of “Hold” and a consensus target price of $95.67.

Kaiser Aluminum Stock Up 1.4%

The company has a current ratio of 2.48, a quick ratio of 1.08 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $1.98 billion, a P/E ratio of 22.06 and a beta of 1.44. The stock’s 50-day simple moving average is $101.78 and its 200-day simple moving average is $87.39.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings data 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 for the quarter. As a group, research analysts predict that Kaiser Aluminum Corporation will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 24th were given a dividend of $0.77 per share. The ex-dividend date was Friday, October 24th. This represents a $3.08 annualized dividend and a dividend yield of 2.5%. Kaiser Aluminum’s dividend payout ratio (DPR) is 55.70%.

Insider Activity

In other news, EVP Blain Tiffany sold 8,656 shares of the stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $93.92, for a total transaction of $812,971.52. Following the completion of the sale, the executive vice president directly owned 26,275 shares in the company, valued at approximately $2,467,748. This represents a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.40% of the company’s stock.

Institutional Trading of Kaiser Aluminum

A number of institutional investors and hedge funds have recently bought and sold shares of the company. First Horizon Corp bought a new stake in Kaiser Aluminum in the third quarter worth $27,000. Hantz Financial Services Inc. grew its position in Kaiser Aluminum by 340.0% in the third quarter. Hantz Financial Services Inc. now owns 374 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 289 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Kaiser Aluminum by 475.0% during the second quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 342 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Kaiser Aluminum during the second quarter valued at approximately $44,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Kaiser Aluminum by 130.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 605 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 343 shares during the period. 99.29% of the stock is currently owned by institutional investors.

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.