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

Shares of Kaiser Aluminum Corporation (NASDAQ:KALU) reached a new 52-week high during trading on Tuesday . The stock traded as high as $136.45 and last traded at $135.9890, with a volume of 10225 shares trading hands. The stock had previously closed at $131.87.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. Zacks Research lowered shares of Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Kaiser Aluminum in a research report on Monday, December 29th. JPMorgan Chase & Co. boosted their price target on shares of Kaiser Aluminum from $82.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Finally, Wells Fargo & Company set a $120.00 price objective on shares of Kaiser Aluminum and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $99.67.

Kaiser Aluminum Trading Up 5.3%

The firm has a market capitalization of $2.25 billion, a PE ratio of 25.11 and a beta of 1.42. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.48 and a quick ratio of 1.08. The company has a fifty day moving average of $116.07 and a 200-day moving average of $93.75.

Kaiser Aluminum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 23rd will be paid a $0.77 dividend. The ex-dividend date is Friday, January 23rd. This represents a $3.08 dividend on an annualized basis and a yield of 2.2%. Kaiser Aluminum’s payout ratio is 55.70%.

Insider Activity at Kaiser Aluminum

In other news, EVP Blain Tiffany sold 8,656 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were 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 in the company, valued at approximately $2,467,748. This trade represents a 24.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is currently owned by company insiders.

Institutional Trading of Kaiser Aluminum

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Deprince Race & Zollo Inc. bought a new stake in Kaiser Aluminum during the third quarter valued at about $2,464,000. AlphaQuest LLC lifted its position in shares of Kaiser Aluminum by 1,096.2% during the 3rd quarter. AlphaQuest LLC now owns 22,453 shares of the industrial products company’s stock worth $1,732,000 after purchasing an additional 20,576 shares during the last quarter. American Century Companies Inc. boosted its stake in Kaiser Aluminum by 7.4% during the 2nd quarter. American Century Companies Inc. now owns 536,208 shares of the industrial products company’s stock valued at $42,843,000 after purchasing an additional 36,894 shares during the period. Envestnet Asset Management Inc. grew its holdings in Kaiser Aluminum by 62.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 66,773 shares of the industrial products company’s stock valued at $5,335,000 after buying an additional 25,546 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in Kaiser Aluminum by 175.2% in the 2nd quarter. Hsbc Holdings PLC now owns 16,353 shares of the industrial products company’s stock worth $1,319,000 after buying an additional 10,410 shares during the period. 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.