Kaiser Aluminum Corporation (KALU) Stock Price & Analysis
Kaiser Aluminum Corporation (KALU) closed at USD 120.85 on Wednesday, October 28, 2026, up 3.96% on the day. The US market is currently closed (after-hours); this is not a live price.
The prior close was USD 116.25; the Oct 28, 2026 session ranged USD 116.21–121.12 on volume of 576,843 shares. Market capitalization is $1.98B, with a 52-week range of USD 87.89–199.89 (NMS). Source: Nexqual, retrieved October 28, 2026 at 22:31 UTC.
Also available as compact Markdown for AI agents: nexqual.com/KALU.md
Key facts (KALU)
- Last four reported quarters (through Sep 30, 2026): revenue $4.51B, net income $219M (4.8% margin), free cash flow $125M (SEC filings).
- Valuation: P/E 9.0x (avg 17.1x at the last 3 fiscal year-ends), EV/EBITDA 6.2x, net debt $921M.
- 2 of 80 tracked superinvestors hold KALU (13F, Q2 2026): 0 new, 1 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 7 Form 4 filings, $13.0M; 7 not under a Rule 10b5-1 plan ($13.0M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.20 on a 1–5 scale) (5 analysts), mean target USD 146.2 (range 125–184).
- Total return with dividends: 1Y +33.3% vs S&P 500 +13.6%; 5Y +49.1% vs S&P 500 +79.8%.
- Next earnings: 2026-10-21, EPS estimate USD 1.6, revenue estimate $1.15B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (KALU)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.62B | $3.43B | $3.09B | $3.02B | $3.37B | $4.51B |
| Gross profit | $274M | $248M | $359M | $357M | $442M | — |
| Operating income | $64.4M | $4.0M | $123M | $112M | $189M | $347M |
| Net income | -$18.5M | -$29.6M | $67.8M | $65.7M | $113M | $219M |
| EPS (diluted) | -$1.17 | -$1.86 | $4.21 | $4.02 | $6.77 | — |
| Free cash flow | $21.4M | -$206M | $68.7M | -$13.7M | -$25.5M | $125M |
| Gross margin | 10.4% | 7.2% | 11.6% | 11.8% | 13.1% | — |
| Operating margin | 2.5% | 0.1% | 4.0% | 3.7% | 5.6% | 7.7% |
| Net margin | -0.7% | -0.9% | 2.2% | 2.2% | 3.3% | 4.8% |
| Revenue growth | +123.6% | +30.7% | -9.9% | -2.0% | +11.5% | — |
| Cash + short-term investments | — | $57.4M | $82.4M | $18.4M | $7.0M | — |
| Total debt | $1.04B | $1.04B | $1.04B | $1.04B | $1.06B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Sep 30, 2026) (KALU)
P/E 9.0x · P/S 0.4x · EV/EBITDA 6.2x · EV/Sales 0.6x · P/FCF 15.8x · P/B 2.0x · FCF yield 6.32% · Earnings yield 11.06% · Dividend yield (paid, TTM) 2.63% · Net debt $921M · EV $2.90B
P/E at fiscal year-ends: Dec 2025 17.0x, Dec 2024 17.5x, Dec 2023 16.9x.
Superinvestors (SEC 13F-HR, Q2 2026) (KALU)
2 of 80 tracked investors hold KALU. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Third Avenue Management | 0.93% | $5.8M | Reduced -0.1% | |
| First Eagle Investment | First Eagle Investment Management | 0.05% | $27.1M | Added +25.0% |
Insider sales (SEC Form 4, open-market, last ~7 months) (KALU)
0 of 7 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-04-29 | Grimley Richard P. | Director | 1,524 | $261K | 25% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-04-29 | Harvey Keith | President & CEO | 3,031 | $525K | 3.1% | No | Too little history (no open-market trades in 2023 or 2025) |
| 2026-04-28 | West Neal E | EVP & CFO | 5,000 | $866K | 11.8% | No | Too little history (no open-market trades in 2024 or 2025) |
| 2026-04-27 | Wilcox Brett | Director | 15,000 | $2.6M | 56% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-04-27 | Donnan John Malcolm | EVP, CAO and GC | 2,743 | $489K | 8.9% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-04-27 | Gheorghe Iulian | SVP - Adv Eng & Innovation | 175 | $30K | 3.8% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-04-27 | Harvey Keith | President & CEO | 47,001 | $8.2M | 32.6% | No | Too little history (no open-market trades in 2023 or 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (KALU)
Consensus Buy (mean 2.20 on a 1–5 scale), 5 analysts; mean target USD 146.2 (low 125, high 184).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-27 | UBS | Target lowered | Buy | $184 → $158 |
| 2026-10-26 | Barclays | Target lowered | Overweight | $180 → $155 |
| 2026-10-26 | JP Morgan | Upgrade | Underweight → Neutral | $146 → $140 |
| 2026-10-26 | Keybanc | Target lowered | Overweight | $181 → $127 |
| 2026-10-23 | Wells Fargo | Target lowered | Equal-Weight | $160 → $125 |
| 2026-10-14 | Barclays | Initiated | Overweight | $180 |
| 2026-10-08 | Keybanc | Target lowered | Overweight | $183 → $181 |
| 2026-09-18 | Wells Fargo | Upgrade | Underweight → Equal-Weight | $169 → $160 |
| 2026-08-31 | UBS | Upgrade | Neutral → Buy | $179 → $184 |
| 2026-07-24 | Wells Fargo | Target raised | Underweight | $158 → $169 |
| 2026-07-09 | Wells Fargo | Downgrade | Equal-Weight → Underweight | $158 |
| 2026-07-08 | UBS | Target raised | Neutral | $176 → $179 |
Total return (dividends reinvested) (KALU)
| 1Y (from 2025-10-29) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +33.3% | +49.1% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | +33.4% | +8.3% |
| Volatility (annualized) | 57.6% | 48.5% |
| Max drawdown | -45.5% (Jun 2026→Oct 2026) | -48.2% (May 2024→Mar 2025) |
KALU earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Oct 21, 2026 | Quarter ended Sep 30, 2026 | $1.89 | $2.37 | Miss −20.3% | -24.6% |
| Jul 22, 2026 | Quarter ended Jun 30, 2026 | $5.53 | $2.66 | Beat +107.9% | +9.9% |
| Apr 22, 2026 | Quarter ended Mar 31, 2026 | $3.74 | $1.96 | Beat +90.8% | +7.6% |
| Feb 18, 2026 | Quarter ended Dec 31, 2025 | $1.53 | $1.56 | Miss −1.9% | -9.6% |
| Oct 22, 2025 | — | — | — | — | +16.8% |
| Jul 23, 2025 | — | — | — | — | -4.7% |
| Apr 23, 2025 | — | — | — | — | +11.6% |
| Apr 2, 2025 | — | — | — | — | -10.3% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
KALU recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 22, 2026 | 10-Q | Quarterly report · period ended Sep 30, 2026 |
| Oct 21, 2026 | 8-K | Quarterly results |
| Oct 13, 2026 | 8-K | Other material event “On October 13, 2026, Kaiser Aluminum Corporation announced that its board of directors declared a quarterly cash dividend on its common stock of $0.77 per share. The dividend will be payable on November 13, 2026 to stockholders of record as of the close of business on October 23, 2026. A copy of the press release is attached hereto as Exhibit 99.1. The information contained in the press release shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 ("Exchange Act"), or…” |
| Aug 17, 2026 | 8-K | Director or executive officer change, or pay arrangement; Regulation FD disclosure “Chief Executive Officer Transition On August 17, 2026, Kaiser Aluminum Corporation (the "Company") announced that Fred Stephan will become the Chief Executive Officer and President of the Company, to succeed Keith A. Harvey, effective as of November 1, 2026 (the date Mr. Stephan commences his employment with the Company, the "Effective Date") as part of the Company's succession planning process. On the Effective Date, the size of the Board will increase from nine to ten directors, and Mr. Stephan will become a…” |
| Jul 31, 2026 | Schedule 13G | Vanguard Capital Management: 5.1% of shares, passive 5%+ holder |
| Jul 23, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Jul 22, 2026 | 8-K | Quarterly results |
| Jul 14, 2026 | Schedule 13G/A | Dimensional Fund Advisors LP: 4.7% of shares, passive 5%+ holder (amended) |
| Jul 13, 2026 | 8-K | Other material event “On July 13, 2026, Kaiser Aluminum Corporation announced that its board of directors declared a quarterly cash dividend on its common stock of $0.77 per share. The dividend will be payable on August 14, 2026 to stockholders of record as of the close of business on July 24, 2026. A copy of the press release is attached hereto as Exhibit 99.1. The information contained in the press release shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 ("Exchange Act"), or…” |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
KALU revenue by product line (quarter ended Sep 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Packaging | $561.4M | 46.2% | +42.5% |
| Aero Hs Products | $291.9M | 24.0% | +60.2% |
| Ge Products | $278.3M | 22.9% | +44.8% |
| Automotive Extrusions | $82.9M | 6.8% | +10.2% |
| Total revenue | $1.21B | 100% | — |
KALU revenue by region (fiscal year ended Dec 31, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $3.25B | 96.4% | +11.4% |
| Non Us | $120.9M | 3.6% | +16.3% |
| Total revenue | $3.37B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
KALU suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Alcoa Corp (AA) | “We rely on Alcoa Corporation ("Alcoa") for certain resources essential to the day-to-day operation of our business at Warrick.” |
Quoted from the company's 10-K filed Feb 19, 2026.
KALU customer concentration
In the period ended Dec 31, 2025, 2 direct customers each accounted for at least 10% (16%, 15%) of revenue, per the company's 10-K filed Feb 19, 2026. The company does not name them.
KALU analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $1.60 | $2.29 | -30.0% | $1.15B | 4 |
| Next quarter (ends Mar 2027) | $2.62 | $2.70 | -3.1% | $1.20B | 3 |
| Current fiscal year (ends Dec 2026) | $12.77 | $13.52 | -5.5% | $4.72B | 4 |
| Next fiscal year (ends Dec 2027) | $11.12 | $11.29 | -1.5% | $4.74B | 5 |
KALU options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 23 | 47.1% | ±9.6% |
| Dec 18, 2026 | 51 | 43.2% | ±12.9% |
| Mar 19, 2027 | 142 | 45.4% | ±22.3% |
| Jun 17, 2027 | 232 | 45.8% | ±28.4% |
30-day implied volatility 45.6% vs 97% realized over the last 30 trading days. Put/call ratio (volume) 0.89. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 28, 2026 at 22:31 UTC)
| Price | USD 120.85 |
|---|---|
| Change | ▲ 3.96% (up) |
| Previous Close | USD 116.25 |
| Open | USD 117.43 |
| Day Range | USD 116.21 – 121.12 |
| 52-Week Range | USD 87.89 – 199.89 |
| Volume | 576,843 shares |
| Market Cap | $1.98B |
| Exchange | NMS |
Technical Analysis (KALU)
Nexqual's technical model rates KALU "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 28, 2026 at 22:31 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 35.54 (neutral) |
| vs SMA50 | Below (USD 149.96) |
| MACD | -10.06 (negative) |
Analyst Ratings (KALU)
Wall Street analysts rate KALU "Buy" based on 5 analysts, with a mean price target of USD 146.2 (range USD 125–184), per Nexqual as of October 28, 2026 at 22:31 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 5 |
| Mean Target | USD 146.2 |
| High Target | USD 184 |
| Low Target | USD 125 |
| Buy / Hold / Sell | 3 / 2 / 0 |
Earnings (KALU)
| Next Earnings Date | 2026-10-21 |
|---|---|
| EPS Estimate | USD 1.6 |
| Revenue Estimate | $1.15B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 1.89 vs est 2.37 ▼ miss |
| 2026-06-30 | USD 5.53 vs est 2.66 ▲ beat |
| 2026-03-31 | USD 3.74 vs est 1.96 ▲ beat |
| 2025-12-31 | USD 1.53 vs est 1.56 ▼ miss |
Source: Nexqual, October 28, 2026 at 22:31 UTC.
Financials & Fundamentals (KALU)
| Total Revenue | $4.51B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +44.00% |
| Gross Margin | +13.35% |
| Operating Margin | +4.50% |
| Profit Margin | +4.85% |
| ROE | +24.53% |
| Debt / Equity | 1.09 |
| Current Ratio | 2.63 |
| Total Cash | $117.30M |
| Total Debt | $1.07B |
| Free Cash Flow (last four quarters to Sep 2026, SEC 10-Q / 10-K) | $124.80M (2.8% of revenue) |
Source: Nexqual, October 28, 2026 at 22:31 UTC.
Financial Health Score (KALU)
Nexqual rates Kaiser Aluminum Corporation's overall financial health "Mixed" across five dimensions, as of October 28, 2026 at 22:31 UTC.
| Growth | Solid — Revenue +12% YoY (annual) |
|---|---|
| Profitability | Weak — Gross margin 13%, operating 8% (last 4 quarters to Sep 2026, SEC) |
| Balance Sheet | Mixed — $117M cash and investments vs $1.04B debt (Sep 2026, SEC) |
| Cash Flow | Mixed — FCF $125M (last 4 quarters to Sep 2026, SEC), slim 2.8% margin |
| Efficiency | Strong — ROE 22%, ROA 7.5% (last 4 quarters, SEC) |
Ownership (KALU)
| Insider Ownership | +1.48% |
|---|---|
| Institutional Ownership | +103.42% |
| Shares Outstanding | 16.35M |
| Float | 15.99M |
| Short % of Float | +7.28% |
Source: Nexqual, October 28, 2026 at 22:31 UTC.
Leadership (KALU)
Kaiser Aluminum Corporation is led by Keith A. Harvey, CEO, President & Chairman, per Nexqual as of October 28, 2026 at 22:31 UTC.
| CEO, President & Chairman | Keith A. Harvey |
|---|---|
| Executive VP & CFO | Neal E. West |
| Senior Vice President of Manufacturing | Thomas H. Robb |
| Executive Vice President of Sales & Marketing | Hugh J. Barger |
Major Backers & Investors (KALU)
Notable institutional backers of Kaiser Aluminum Corporation include Nomura Asset Management International Inc, American Century Companies Inc, Delaware Group Equity Funds V-Nomura Small Cap Core Fund, according to Nexqual as of October 28, 2026 at 22:31 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Nomura Asset Management International Inc | 4.16% |
| American Century Companies Inc | 2.69% |
| Delaware Group Equity Funds V-Nomura Small Cap Core Fund | 2.65% |
| Barrow, Hanley Mewhinney & Strauss, LLC | 2.56% |
| Fisher Asset Management, LLC | 2.16% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 17.56% |
| Vanguard Group | 12.97% |
| State Street | 8.06% |
| Dimensional Fund Advisors | 4.75% |
| Geode Capital | 2.89% |
Source: Nexqual, October 28, 2026 at 22:31 UTC.
From Kaiser Aluminum Corporation's Latest SEC 10-K Filing (filed 2026-02-19)
Key Strengths & Strategy (as disclosed to the SEC)
- We strategically focus our business on select end markets with demanding applications and high barriers to entry, where we believe we have sustainable competitive advantages that allow us to earn premium pricing and generate long-term profitable growth.
- We believe we differentiate our product portfolio through our broad product offering and our KaiserSelect® products, which are engineered and manufactured to deliver enhanced product characteristics with improved consistency, so as to result in better performance, lower waste and, in many cases, lower production cost for our customers.
- We believe KPS enables us to continue to reduce our own manufacturing costs and eliminate waste throughout the value chain.
- Our Imperial Machine & Tool Co. ("IMT") subsidiary provides us with significant technology and intellectual property that complements our metallurgical and application engineering expertise to further advance our capability to deliver highly engineered solutions for our customers.
Legal & Regulatory Risks (Item 1A, quoted)
- Our industry is very sensitive to foreign economic, regulatory and political factors that may adversely affect our business.
- Environmental compliance, cleanup and damage claims may decrease our cash flow and adversely affect our business.
- Governmental regulation relating to greenhouse gas emissions may subject us to significant new costs and restrictions on our operations and could impact our supply chain and cost of material.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| CSTM | Constellium SE | USD 24.43 | ▼ 0.53% |
| CENX | Century Aluminum Company | USD 35.1 | ▲ 5.22% |
| AA | Alcoa Corporation | USD 40.21 | ▲ 0.7% |
| GFI | Gold Fields Limited | USD 36.23 | ▲ 1.4% |
| NTR | Nutrien Ltd. | USD 69.07 | ▼ 0.43% |
| VMC | Vulcan Materials Company (Holdi | USD 265 | ▲ 0.95% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 28, 2026 at 22:31 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt