Kaiser Aluminum (NASDAQ:KALU) Sets New 1-Year High – What’s Next?
by Scott Moore · The Cerbat GemShares of Kaiser Aluminum Corporation (NASDAQ:KALU – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $181.47 and last traded at $178.0010, with a volume of 452648 shares traded. The stock had previously closed at $177.86.
Wall Street Analyst Weigh In
A number of research firms recently commented on KALU. Zacks Research cut Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Wells Fargo & Company raised their price objective on Kaiser Aluminum from $125.00 to $137.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. Wall Street Zen raised Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 18th. JPMorgan Chase & Co. raised their price objective on Kaiser Aluminum from $118.00 to $124.00 and gave the company a “neutral” rating in a research note on Monday, February 23rd. Finally, Weiss Ratings raised Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Kaiser Aluminum has an average rating of “Hold” and an average target price of $148.00.
Read Our Latest Stock Report on KALU
Kaiser Aluminum Trading Down 1.6%
The company has a quick ratio of 1.14, a current ratio of 2.47 and a debt-to-equity ratio of 1.28. The stock’s fifty day moving average price is $131.46 and its two-hundred day moving average price is $116.51. The company has a market capitalization of $2.86 billion, a PE ratio of 18.97 and a beta of 1.39.
Kaiser Aluminum (NASDAQ:KALU – Get Free Report) last posted its earnings results on Wednesday, April 22nd. The industrial products company reported $3.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $1.78. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $948.50 million. Kaiser Aluminum had a net margin of 4.14% and a return on equity of 17.00%. Kaiser Aluminum’s revenue for the quarter was up 42.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.44 earnings per share. Sell-side analysts anticipate that Kaiser Aluminum Corporation will post 7.85 earnings per share for the current year.
Kaiser Aluminum Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, April 24th will be issued a $0.77 dividend. The ex-dividend date is Friday, April 24th. This represents a $3.08 annualized dividend and a yield of 1.8%. Kaiser Aluminum’s dividend payout ratio (DPR) is 33.55%.
Insider Buying and Selling
In other Kaiser Aluminum news, CFO Neal E. West sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $121.72, for a total value of $608,600.00. Following the completion of the sale, the chief financial officer directly owned 12,775 shares in the company, valued at $1,554,973. This trade represents a 28.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.40% of the stock is owned by company insiders.
Institutional Trading of Kaiser Aluminum
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Y Intercept Hong Kong Ltd purchased a new stake in Kaiser Aluminum in the first quarter worth about $1,785,000. 1492 Capital Management LLC lifted its holdings in Kaiser Aluminum by 11.6% in the first quarter. 1492 Capital Management LLC now owns 43,461 shares of the industrial products company’s stock worth $5,237,000 after buying an additional 4,518 shares during the period. Pictet Asset Management Holding SA lifted its holdings in shares of Kaiser Aluminum by 20.0% during the first quarter. Pictet Asset Management Holding SA now owns 2,499 shares of the industrial products company’s stock valued at $301,000 after purchasing an additional 416 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of Kaiser Aluminum during the first quarter valued at approximately $856,000. Finally, Tactive Advisors LLC purchased a new position in shares of Kaiser Aluminum during the first quarter valued at approximately $331,000. 99.29% of the stock is currently owned by hedge funds and other institutional investors.
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.