KAISER ALUMINUM CORP
In the published model solve dated 2026-Q2, anchored at $152.66, KAISER ALUMINUM CORP (KALU) is priced for +10.0% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
• Kaiser Aluminum does not bet on the price of aluminum; it earns a conversion fee for turning metal into engineered products for aerospace, packaging, and automotive markets, passing the metal cost through and getting paid for the fabrication, which is why conversion revenue, not net sales, is the number that matters. • The defining risk is cyclicality concentrated in aerospace, where the company says demand is ⟦"heavily impacted by commercial airframe build rates"⟧, layered on a balance sheet
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276 institutional managers reported holding KALU in 13F filings for the quarter ended 2026-03-31. Together they hold about 94% of the company; the top 10 hold 59%. 50 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 764k shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (3.6 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
KALU's share count grew 2.6% over the past five years. It pays a dividend, and has paid one every year in our records (17 and counting); the current rate is $3.08 a share annually. Cash returned over the past three years: $140.90M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at KALU over the trailing three years: 2024: 2 buys totaling $200k. 20 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
KALU's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-04-29 | +12.2% | +8.8% |
| 2023-07-29 | +4.9% | -4.5% |
| 2023-10-27 | -9.9% | +31.6% |
| 2024-04-26 | -1.6% | -7.2% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
KALU's latest 8-K filings: 2026-07-22 (items 2.02, 9.01); 2026-07-13 (items 8.01, 9.01); 2026-06-04 (items 5.02, 5.07, 9.01); 2026-04-22 (items 2.02, 9.01); 2026-04-13 (items 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.