Kaiser Aluminum (NASDAQ:KALU) Reaches New 52-Week High – Here’s Why

Kaiser Aluminum Corporation (NASDAQ:KALU)’s share price hit a new 52-week high on Monday . The stock traded as high as $117.08 and last traded at $117.5050, with a volume of 15042 shares trading hands. The stock had previously closed at $114.12.

Analyst Upgrades and Downgrades

A number of research firms have commented on KALU. Wells Fargo & Company increased their target price on Kaiser Aluminum from $90.00 to $108.00 and gave the stock an “overweight” rating in a report on Friday, October 24th. JPMorgan Chase & Co. raised their price objective on Kaiser Aluminum from $82.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kaiser Aluminum in a report on Monday. Wall Street Zen upgraded shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 25th. Finally, Zacks Research raised shares of Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. One investment 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $95.67.

Kaiser Aluminum Stock Up 0.5%

The firm has a market cap of $1.89 billion, a P/E ratio of 21.09 and a beta of 1.51. The firm’s 50-day moving average price is $96.31 and its 200 day moving average price is $85.15. The company has a quick ratio of 1.08, a current ratio of 2.48 and a debt-to-equity ratio of 1.29.

Kaiser Aluminum (NASDAQ:KALU) last posted its earnings results on Wednesday, April 2nd. The industrial products company reported $1.21 EPS for the quarter. Kaiser Aluminum had a return on equity of 10.67% and a net margin of 2.85%.The firm had revenue of $765.40 million for the quarter. As a group, research analysts expect that Kaiser Aluminum Corporation will post 5.14 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

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

Insider Activity at Kaiser Aluminum

In related news, EVP Blain Tiffany sold 8,656 shares of the business’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 sale, the executive vice president owned 26,275 shares of the company’s stock, valued at $2,467,748. The trade was a 24.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is owned by corporate insiders.

Institutional Trading of Kaiser Aluminum

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Caxton Associates LLP bought a new position in Kaiser Aluminum during the third quarter valued at about $205,000. Sherbrooke Park Advisers LLC acquired a new position in shares of Kaiser Aluminum in the 3rd quarter worth approximately $229,000. Millennium Management LLC bought a new stake in shares of Kaiser Aluminum in the 3rd quarter worth approximately $1,629,000. Bank of America Corp DE raised its holdings in shares of Kaiser Aluminum by 11.0% in the 3rd quarter. Bank of America Corp DE now owns 174,557 shares of the industrial products company’s stock worth $13,469,000 after purchasing an additional 17,358 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Kaiser Aluminum by 57.0% during the third quarter. Ameriprise Financial Inc. now owns 48,587 shares of the industrial products company’s stock valued at $3,749,000 after purchasing an additional 17,643 shares during the last quarter. Institutional investors 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.