Kaiser Aluminum Corporation (NASDAQ:KALU – Get Free Report)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $199.73 and last traded at $197.7750, with a volume of 14762 shares. The stock had previously closed at $193.39.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on KALU shares. JPMorgan Chase & Co. reissued an “underweight” rating and set a $142.00 price objective (up from $124.00) on shares of Kaiser Aluminum in a report on Thursday, April 30th. Wells Fargo & Company upped their target price on Kaiser Aluminum from $158.00 to $169.00 and gave the stock an “underweight” rating in a report on Friday, July 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Kaiser Aluminum in a research report on Tuesday, July 21st. KeyCorp lifted their price target on Kaiser Aluminum from $170.00 to $183.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Finally, Wall Street Zen upgraded Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 2nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Kaiser Aluminum presently has an average rating of “Hold” and a consensus price target of $168.25.
Get Our Latest Analysis on KALU
Kaiser Aluminum Stock Performance
Kaiser Aluminum (NASDAQ:KALU – Get Free Report) last announced its earnings results on Wednesday, July 22nd. The industrial products company reported $5.53 earnings per share for the quarter, beating the consensus estimate of $2.66 by $2.87. Kaiser Aluminum had a net margin of 5.49% and a return on equity of 24.71%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the firm earned $1.21 earnings per share. Kaiser Aluminum’s revenue was up 52.7% compared to the same quarter last year. Analysts anticipate that Kaiser Aluminum Corporation will post 10.63 EPS for the current year.
Kaiser Aluminum Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 24th will be given a $0.77 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 1.7%. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 22.83%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Globeflex Capital L P purchased a new stake in Kaiser Aluminum in the second quarter valued at about $1,742,000. Advisors Preferred LLC purchased a new stake in shares of Kaiser Aluminum during the second quarter worth about $1,241,000. Great Lakes Advisors LLC acquired a new position in shares of Kaiser Aluminum during the second quarter valued at about $8,045,000. Bank of New York Mellon Corp acquired a new position in shares of Kaiser Aluminum during the second quarter valued at about $38,353,000. Finally, USA Financial Formulas purchased a new position in shares of Kaiser Aluminum in the 1st quarter valued at approximately $74,000. 99.29% of the stock is owned by institutional investors and hedge funds.
About Kaiser Aluminum
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.
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