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

Kaiser Aluminum Corporation (NASDAQ:KALU)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $136.45 and last traded at $135.9890, with a volume of 10225 shares changing hands. The stock had previously closed at $131.87.

Wall Street Analyst Weigh In

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

Kaiser Aluminum Stock Performance

The firm has a market cap of $2.14 billion, a P/E ratio of 23.79 and a beta of 1.42. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.08 and a current ratio of 2.48. The stock’s 50-day moving average is $117.79 and its 200 day moving average is $94.41.

Kaiser Aluminum Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 23rd will be given a $0.77 dividend. The ex-dividend date is Friday, January 23rd. This represents a $3.08 annualized dividend and a dividend yield of 2.3%. Kaiser Aluminum’s payout ratio is currently 55.70%.

Insider Buying and Selling

In other Kaiser Aluminum news, EVP Blain Tiffany sold 8,656 shares of Kaiser Aluminum stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $93.92, for a total value of $812,971.52. Following the transaction, the executive vice president owned 26,275 shares of the company’s stock, valued at approximately $2,467,748. The trade was a 24.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada lifted its stake in Kaiser Aluminum by 212.6% in the 1st quarter. Royal Bank of Canada now owns 5,815 shares of the industrial products company’s stock valued at $352,000 after acquiring an additional 3,955 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Kaiser Aluminum during the first quarter worth $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Kaiser Aluminum by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,491 shares of the industrial products company’s stock valued at $575,000 after purchasing an additional 397 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Kaiser Aluminum by 2.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,971 shares of the industrial products company’s stock valued at $2,544,000 after buying an additional 1,084 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in Kaiser Aluminum by 323.6% during the 1st quarter. Jane Street Group LLC now owns 55,190 shares of the industrial products company’s stock worth $3,346,000 after buying an additional 42,160 shares in the last quarter. 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.