Kaiser Aluminum (NASDAQ:KALU) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Kaiser Aluminum Corporation (NASDAQ:KALU) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $73.01 and traded as high as $78.81. Kaiser Aluminum shares last traded at $78.34, with a volume of 64,763 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on KALU shares. Zacks Research lowered shares of Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Wall Street Zen upgraded shares of Kaiser Aluminum from a “hold” rating to a “buy” rating in a report on Tuesday, September 2nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Kaiser Aluminum from $64.00 to $82.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $78.00.

Kaiser Aluminum Stock Up 1.5%

The company has a current ratio of 2.70, a quick ratio of 1.30 and a debt-to-equity ratio of 1.39. The firm’s 50 day simple moving average is $76.70 and its 200-day simple moving average is $73.01. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 20.14 and a beta of 1.49.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.72. Kaiser Aluminum had a net margin of 2.05% and a return on equity of 8.03%. The firm had revenue of $823.10 million for the quarter, compared to analyst estimates of $786.70 million. Equities analysts expect that Kaiser Aluminum Corporation will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 25th were paid a dividend of $0.77 per share. The ex-dividend date was Friday, July 25th. This represents a $3.08 annualized dividend and a dividend yield of 3.9%. Kaiser Aluminum’s payout ratio is currently 79.18%.

Institutional Trading of Kaiser Aluminum

Hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Kaiser Aluminum by 475.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company’s stock worth $33,000 after buying an additional 342 shares during the period. Quantbot Technologies LP bought a new stake in Kaiser Aluminum in the 2nd quarter valued at about $44,000. Tower Research Capital LLC TRC boosted its holdings in Kaiser Aluminum by 130.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 605 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 343 shares during the period. CWM LLC boosted its holdings in Kaiser Aluminum by 136.3% in the 2nd quarter. CWM LLC now owns 1,616 shares of the industrial products company’s stock valued at $129,000 after purchasing an additional 932 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in Kaiser Aluminum by 50.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,748 shares of the industrial products company’s stock valued at $140,000 after purchasing an additional 585 shares during the period. Institutional investors own 99.29% of the company’s stock.

About Kaiser Aluminum

Kaiser Aluminum Corporation, together with its subsidiaries, engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. It offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.