Kaiser Aluminum (NASDAQ:KALU) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Kaiser Aluminum Corporation (NASDAQ:KALU) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $106.65 and traded as high as $116.74. Kaiser Aluminum shares last traded at $114.87, with a volume of 142,339 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on KALU shares. Wall Street Zen downgraded shares of Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 21st. Wells Fargo & Company boosted their price target on shares of Kaiser Aluminum from $120.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. upped their price objective on Kaiser Aluminum from $118.00 to $124.00 and gave the stock a “neutral” rating in a research report on Monday, February 23rd. Weiss Ratings upgraded Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 18th. Finally, Zacks Research upgraded Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Kaiser Aluminum has a consensus rating of “Moderate Buy” and a consensus target price of $107.67.

Kaiser Aluminum Stock Down 2.8%

The company has a debt-to-equity ratio of 1.28, a current ratio of 2.95 and a quick ratio of 1.26. The company has a market cap of $1.86 billion, a PE ratio of 16.94 and a beta of 1.37. The business’s 50 day moving average is $127.96 and its 200-day moving average is $106.65.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.03). Kaiser Aluminum had a net margin of 3.34% and a return on equity of 12.69%. The firm had revenue of $929.00 million during the quarter, compared to analysts’ expectations of $902.00 million. During the same period in the prior year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. As a group, analysts predict that Kaiser Aluminum Corporation will post 5.14 EPS for the current year.

Kaiser Aluminum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 23rd were issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, January 23rd. Kaiser Aluminum’s dividend payout ratio is 45.43%.

Insiders Place Their Bets

In other Kaiser Aluminum news, CFO Neal E. West sold 5,000 shares of Kaiser Aluminum stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $121.72, for a total transaction of $608,600.00. Following the completion of the sale, the chief financial officer directly owned 12,775 shares of the company’s stock, valued at $1,554,973. The trade was a 28.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kaiser Aluminum

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Kaiser Aluminum by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 2,117,791 shares of the industrial products company’s stock worth $243,249,000 after purchasing an additional 5,823 shares during the last quarter. State Street Corp increased its stake in Kaiser Aluminum by 31.9% in the second quarter. State Street Corp now owns 1,154,415 shares of the industrial products company’s stock valued at $92,238,000 after purchasing an additional 279,231 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Kaiser Aluminum by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 831,652 shares of the industrial products company’s stock worth $95,528,000 after purchasing an additional 13,909 shares in the last quarter. American Century Companies Inc. raised its holdings in Kaiser Aluminum by 9.8% during the third quarter. American Century Companies Inc. now owns 588,720 shares of the industrial products company’s stock worth $45,426,000 after purchasing an additional 52,512 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Kaiser Aluminum by 1.1% during the 3rd quarter. Wellington Management Group LLP now owns 502,446 shares of the industrial products company’s stock worth $38,769,000 after buying an additional 5,623 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

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.