Kaiser Aluminum (NASDAQ:KALU) Sets New 52-Week 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 $150.91 and last traded at $149.2850, with a volume of 27137 shares. The stock had previously closed at $148.35.

Analysts Set New Price Targets

Several brokerages have weighed in on KALU. Weiss Ratings downgraded shares of Kaiser Aluminum from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 6th. JPMorgan Chase & Co. raised their target price on shares of Kaiser Aluminum from $118.00 to $124.00 and gave the company a “neutral” rating in a research note on Monday, February 23rd. KeyCorp began coverage on shares of Kaiser Aluminum in a research note on Thursday. They issued an “overweight” rating and a $170.00 target price for the company. Zacks Research downgraded shares of Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Wall Street Zen raised Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Kaiser Aluminum has a consensus rating of “Hold” and a consensus target price of $126.25.

Kaiser Aluminum Stock Up 1.1%

The business’s 50 day moving average is $129.39 and its 200 day moving average is $113.58. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 22.09 and a beta of 1.39. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.26 and a current ratio of 2.95.

Kaiser Aluminum (NASDAQ:KALU) last released its earnings results on Wednesday, February 18th. The industrial products company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.03). Kaiser Aluminum had a net margin of 3.34% and a return on equity of 12.69%. The firm had revenue of $929.00 million during the quarter, compared to analyst estimates of $902.00 million. During the same period in the previous year, the company earned $0.33 earnings per share. Kaiser Aluminum’s revenue was up 21.4% on a year-over-year basis. Sell-side analysts anticipate that Kaiser Aluminum Corporation will post 5.14 earnings per share for the current year.

Kaiser Aluminum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, April 24th will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, April 24th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.1%. Kaiser Aluminum’s payout ratio is 45.43%.

Insider Activity at Kaiser Aluminum

In other news, CFO Neal E. West sold 5,000 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $121.72, for a total value of $608,600.00. Following the sale, the chief financial officer owned 12,775 shares in the company, valued at $1,554,973. This represents a 28.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kaiser Aluminum

Several institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its holdings in shares of Kaiser Aluminum by 18.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 471 shares of the industrial products company’s stock valued at $54,000 after buying an additional 73 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Kaiser Aluminum by 2.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 3,916 shares of the industrial products company’s stock valued at $450,000 after buying an additional 76 shares during the period. ProShare Advisors LLC grew its stake in shares of Kaiser Aluminum by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 3,127 shares of the industrial products company’s stock worth $359,000 after purchasing an additional 97 shares during the period. GAMMA Investing LLC grew its stake in shares of Kaiser Aluminum by 20.0% during the 4th quarter. GAMMA Investing LLC now owns 630 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 105 shares during the period. Finally, State of Alaska Department of Revenue grew its stake in shares of Kaiser Aluminum by 1.2% during the 4th quarter. State of Alaska Department of Revenue now owns 8,842 shares of the industrial products company’s stock worth $1,014,000 after purchasing an additional 109 shares during the period. Institutional investors and hedge funds own 99.29% of the company’s stock.

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.