Kaiser Aluminum (NASDAQ:KALU) Hits New 1-Year High - What's Next?

Key Points

• Kaiser Aluminum shares reached a new 52-week high of $199.73, up from a previous close of $193.39, while trading volume totaled 14,762 shares.
• The company reported strong quarterly results, with EPS of $5.53 versus estimates of $2.66 and revenue of $1.26 billion, up 52.7% year over year.
• Analyst sentiment remains mixed: the consensus rating is “Hold” with a $168.25 price target, despite several recent upgrades and target-price increases. Kaiser also declared a quarterly dividend of $0.77 per share, yielding about 1.6% annually.

Kaiser Aluminum Corporation (NASDAQ:KALU - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $199.73 and last traded at $197.7750, with a volume of 14762 shares. The stock had previously closed at $193.39.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. KeyCorp raised their price target on shares of Kaiser Aluminum from $170.00 to $183.00 and gave the stock an "overweight" rating in a report on Friday, April 24th. JPMorgan Chase & Co. reissued an "underweight" rating and set a $142.00 price objective (up from $124.00) on shares of Kaiser Aluminum in a research report on Thursday, April 30th. Wall Street Zen raised shares of Kaiser Aluminum from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 2nd. Zacks Research upgraded Kaiser Aluminum from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 29th. Finally, UBS Group boosted their target price on Kaiser Aluminum from $176.00 to $179.00 and gave the company a "neutral" rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $168.25.

Kaiser Aluminum Stock Down 0.5%

The firm has a market cap of $3.15 billion, a P/E ratio of 14.26 and a beta of 1.61. The stock's 50 day simple moving average is $174.39 and its 200 day simple moving average is $154.75. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.17 and a current ratio of 2.50.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $5.53 earnings per share for the quarter, beating analysts' consensus estimates of $2.66 by $2.87. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.12 billion. Kaiser Aluminum had a net margin of 5.49% and a return on equity of 24.71%. The business's quarterly revenue was up 52.7% compared to the same quarter last year. During the same period last year, the firm earned $1.21 earnings per share. Research analysts anticipate that Kaiser Aluminum Corporation will post 10.63 EPS for the current year.

Kaiser Aluminum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 24th will be paid a dividend of $0.77 per share. The ex-dividend date is Friday, July 24th. This represents a $3.08 dividend on an annualized basis and a yield of 1.6%. Kaiser Aluminum's payout ratio is 22.83%.

Institutional Trading of Kaiser Aluminum

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in Kaiser Aluminum by 31.9% during the 2nd quarter. State Street Corp now owns 1,154,415 shares of the industrial products company's stock worth $92,238,000 after acquiring an additional 279,231 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Kaiser Aluminum in the 2nd quarter worth $38,353,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Kaiser Aluminum in the third quarter valued at about $13,111,000. Brightline Capital Management LLC purchased a new stake in shares of Kaiser Aluminum in the fourth quarter valued at about $19,296,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Kaiser Aluminum by 111.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 179,781 shares of the industrial products company's stock valued at $20,650,000 after purchasing an additional 94,874 shares in the last quarter. 99.29% of the stock is owned by institutional investors.

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.

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