Kaiser Aluminum (NASDAQ:KALU) Sets New 12-Month High – What’s Next?

Kaiser Aluminum Corporation (NASDAQ:KALU)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $195.22 and last traded at $187.8730, with a volume of 15420 shares traded. The stock had previously closed at $190.63.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on KALU shares. Wells Fargo & Company upped their target price on shares of Kaiser Aluminum from $125.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Zacks Research raised shares of Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Wall Street Zen raised shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 18th. Weiss Ratings raised shares of Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Finally, UBS Group started coverage on shares of Kaiser Aluminum in a research note on Tuesday, May 5th. They set a “neutral” rating and a $176.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $159.50.

Kaiser Aluminum Stock Down 4.5%

The company has a current ratio of 2.47, a quick ratio of 1.14 and a debt-to-equity ratio of 1.28. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 19.84 and a beta of 1.60. The firm’s fifty day simple moving average is $167.10 and its 200 day simple moving average is $137.40.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $3.74 EPS for the quarter, topping the consensus estimate of $1.96 by $1.78. Kaiser Aluminum had a net margin of 4.14% and a return on equity of 17.00%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $948.50 million. During the same quarter in the previous year, the business posted $1.44 EPS. The firm’s revenue was up 42.4% on a year-over-year basis. Sell-side analysts predict that Kaiser Aluminum Corporation will post 8.69 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, April 24th. Kaiser Aluminum’s dividend payout ratio is 33.55%.

Insider Transactions at Kaiser Aluminum

In related news, Director Richard P. Grimley sold 1,524 shares of the stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $171.52, for a total value of $261,396.48. Following the transaction, the director owned 4,578 shares of the company’s stock, valued at $785,218.56. This represents a 24.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Neal E. West sold 5,000 shares of the stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $173.29, for a total value of $866,450.00. Following the completion of the transaction, the chief financial officer directly owned 19,091 shares in the company, valued at $3,308,279.39. This trade represents a 20.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 71,731 shares of company stock valued at $12,529,097 over the last ninety days. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its holdings in shares of Kaiser Aluminum by 389.3% in the 4th quarter. Farther Finance Advisors LLC now owns 274 shares of the industrial products company’s stock valued at $31,000 after buying an additional 218 shares in the last quarter. KBC Group NV acquired a new position in shares of Kaiser Aluminum in the 1st quarter valued at $44,000. Global Retirement Partners LLC boosted its holdings in shares of Kaiser Aluminum by 408.3% in the 4th quarter. Global Retirement Partners LLC now owns 366 shares of the industrial products company’s stock valued at $42,000 after buying an additional 294 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Kaiser Aluminum by 340.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 374 shares of the industrial products company’s stock valued at $29,000 after buying an additional 289 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Kaiser Aluminum by 475.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company’s stock valued at $33,000 after buying an additional 342 shares in the last quarter. 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.