Kaiser Aluminum (NASDAQ:KALU) Reaches New 1-Year High – Should You Buy?

Kaiser Aluminum Corporation (NASDAQ:KALU) shares hit a new 52-week high during trading on Monday . The company traded as high as $118.27 and last traded at $116.34, with a volume of 104407 shares changing hands. The stock had previously closed at $116.86.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Kaiser Aluminum in a research report on Monday. Wall Street Zen raised Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. Wells Fargo & Company lifted their target price on shares of Kaiser Aluminum from $90.00 to $108.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. JPMorgan Chase & Co. boosted 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. Finally, Zacks Research upgraded shares of Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $95.67.

Kaiser Aluminum Price Performance

The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 21.36 and a beta of 1.51. 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 business’s 50-day simple moving average is $100.11 and its two-hundred day simple moving average is $86.53.

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. The company had revenue of $765.40 million during the quarter. Kaiser Aluminum had a net margin of 2.85% and a return on equity of 10.67%. As a group, research analysts expect that Kaiser Aluminum Corporation will post 5.14 EPS for the current fiscal year.

Kaiser Aluminum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 24th were given a $0.77 dividend. The ex-dividend date of this dividend was Friday, October 24th. This represents a $3.08 annualized dividend and a dividend yield of 2.6%. Kaiser Aluminum’s dividend payout ratio (DPR) is 55.70%.

Insider Activity at Kaiser Aluminum

In related news, EVP Blain Tiffany sold 8,656 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 26,275 shares of the company’s stock, valued at $2,467,748. This trade represents a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kaiser Aluminum

A number of institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp lifted its position in shares of Kaiser Aluminum by 31.9% during the 2nd 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 period. Tributary Capital Management LLC boosted its holdings in 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. Hotchkis & Wiley Capital Management LLC acquired a new stake in Kaiser Aluminum in the third quarter valued at approximately $13,111,000. Gabelli Funds LLC bought a new stake in shares of Kaiser Aluminum during the second quarter valued at approximately $5,013,000. Finally, Raymond James Financial Inc. raised its position in shares of Kaiser Aluminum by 211.2% during the second quarter. Raymond James Financial Inc. now owns 82,553 shares of the industrial products company’s stock worth $6,596,000 after purchasing an additional 56,028 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.