Kaiser Aluminum (KALU) Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kaiser Aluminum in the last year. There are currently 2 sell ratings, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "reduce" KALU shares.
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4 Wall Street analysts have issued 12-month price targets for Kaiser Aluminum's shares. Their KALU share price forecasts range from $67.00 to $84.00. On average, they predict the company's share price to reach $72.75 in the next year. This suggests that the stock has a possible downside of 1.3%.
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Kaiser Aluminum's stock was trading at $75.96 at the beginning of the year. Since then, KALU stock has decreased by 3.0% and is now trading at $73.71.
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Kaiser Aluminum saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 436,500 shares, a decline of 8.0% from the August 15th total of 474,600 shares. Based on an average daily volume of 85,400 shares, the short-interest ratio is currently 5.1 days. Approximately 2.8% of the company's stock are sold short.
View Kaiser Aluminum's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023.
View our KALU earnings forecast.

Kaiser Aluminum Co. (NASDAQ:KALU) released its quarterly earnings results on Wednesday, July, 26th. The industrial products company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.80. The industrial products company earned $814.10 million during the quarter, compared to analyst estimates of $797.21 million. Kaiser Aluminum had a trailing twelve-month return on equity of 1.99% and a net margin of 0.34%. The firm's revenue for the quarter was down 14.7% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.87) earnings per share.

Kaiser Aluminum declared a quarterly dividend on Thursday, July 13th. Stockholders of record on Tuesday, July 25th will be paid a dividend of $0.77 per share on Tuesday, August 15th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Monday, July 24th.
Read our dividend analysis for KALU.

ETFs with the largest weight of Kaiser Aluminum (NASDAQ:KALU) stock in their portfolio include Invesco High Yield Equity Dividend Achievers ETF (PEY), Invesco S&P SmallCap Materials ETF (PSCM), SPDR S&P Metals & Mining ETF (XME), 3D Printing ETF (PRNT), ProShares Russell 2000 Dividend Growers ETF (SMDV), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ) and Direxion Daily Metals & Mining Bull 2X Shares (MNM).Optica Rare Earths & Critical Materials ETF (CRIT).

Kaiser Aluminum (NASDAQ:KALU) pays an annual dividend of $3.08 per share and currently has a dividend yield of 4.18%. KALU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 488.89%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, KALU will have a dividend payout ratio of 55.70% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KALU.

1 employees have rated Kaiser Aluminum Chief Executive Officer Keith A. Harvey on Glassdoor.com. Keith A. Harvey has an approval rating of 100% among the company's employees. This puts Keith A. Harvey in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Kaiser Aluminum investors own include Cisco Systems (CSCO), Intel (INTC), Verizon Communications (VZ), International Business Machines (IBM), AT&T (T), Wells Fargo & Company (WFC), Exxon Mobil (XOM), AbbVie (ABBV), Kohl's (KSS) and Pfizer (PFE).

Kaiser Aluminum trades on the NASDAQ under the ticker symbol "KALU."

Kaiser Aluminum's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (17.08%), Victory Capital Management Inc. (6.98%), State Street Corp (5.78%), Dimensional Fund Advisors LP (4.33%), William Blair Investment Management LLC (2.92%) and Geode Capital Management LLC (2.02%). Insiders that own company stock include Alfred E Osborne Jr, Brant Weaver, Del L Miller, Jack A Hockema, Jack A Hockema, Jennifer Huey, John Malcolm Donnan, Keith Harvey, Leo Wilfred Gerard, Neal E West, Neal E West and Ray Parkinson.
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Shares of KALU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of KALU stock can currently be purchased for approximately $73.71.

Kaiser Aluminum (NASDAQ:KALU) has a market capitalization of $1.18 billion and generates $3.43 billion in revenue each year. The industrial products company earns $-29,600,000.00 in net income (profit) each year or $0.63 on an earnings per share basis.

The company employs 3,920 workers across the globe.

Kaiser Aluminum's mailing address is 27422 PORTOLA PARKWAY SUITE 200, FOOTHILL RANCH CA, 92610. The official website for the company is www.kaiseraluminum.com. The industrial products company can be reached via phone at (629) 252-7040, via email at investors@kaiseraluminum.com, or via fax at 949-614-1930.