Kaiser Aluminum (NASDAQ:KALU) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Kaiser Aluminum Corporation (NASDAQ:KALU) shares 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.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Zacks Research raised shares of Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. 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. JPMorgan Chase & Co. boosted their target price on shares of Kaiser Aluminum from $118.00 to $124.00 and gave the company a “neutral” rating in a report on Monday, February 23rd. Weiss Ratings upgraded shares of Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, March 18th. Finally, Wells Fargo & Company lifted their price target on shares of Kaiser Aluminum from $120.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $107.67.

Kaiser Aluminum Trading Down 0.3%

The company has a quick ratio of 1.26, a current ratio of 2.95 and a debt-to-equity ratio of 1.28. The business has a 50-day simple moving average of $127.69 and a 200-day simple moving average of $106.92. The company has a market cap of $1.86 billion, a PE ratio of 16.90 and a beta of 1.37.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $1.53 earnings per share 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 analyst estimates of $902.00 million. During the same period in the previous year, the firm posted $0.33 earnings per share. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. On average, analysts predict that Kaiser Aluminum Corporation will post 5.14 EPS for the current fiscal year.

Kaiser Aluminum Dividend Announcement

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

Insider Activity

In other news, CFO Neal E. West sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $121.72, for a total value of $608,600.00. Following the completion of the transaction, the chief financial officer owned 12,775 shares of the company’s stock, valued at approximately $1,554,973. This trade represents a 28.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Kaiser Aluminum

Several large investors have recently added to or reduced their stakes in the business. First Horizon Corp purchased a new position in Kaiser Aluminum in the 3rd quarter valued at approximately $27,000. Hantz Financial Services Inc. increased its position in shares of Kaiser Aluminum by 340.0% during the third quarter. Hantz Financial Services Inc. now owns 374 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 289 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Kaiser Aluminum by 389.3% in the fourth quarter. Farther Finance Advisors LLC now owns 274 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 218 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Kaiser Aluminum by 475.0% in the second quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 342 shares during the period. Finally, Global Retirement Partners LLC grew its stake in Kaiser Aluminum by 408.3% during the 4th quarter. Global Retirement Partners LLC now owns 366 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 294 shares in the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

About Kaiser Aluminum

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.