Kaiser Aluminum (NASDAQ:KALU) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Kaiser Aluminum's stock price recently crossed above its 200-day moving average, trading at $79.84 after reaching a high of $80.35.
• Analyst ratings for Kaiser Aluminum vary, with a current average rating of "Hold" and a price target of $82.00, reflecting a mix of "Buy" and "Hold" assessments from research firms.
• Institutional investors hold about 99.29% of Kaiser Aluminum's stock, indicating significant support from major funds and hedge funds.

Kaiser Aluminum Corporation (NASDAQ:KALU - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $73.76 and traded as high as $80.35. Kaiser Aluminum shares last traded at $79.84, with a volume of 100,088 shares changing hands.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Weiss Ratings restated a "hold (c+)" rating on shares of Kaiser Aluminum in a report on Wednesday, October 8th. Zacks Research cut shares of Kaiser Aluminum from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 26th. Wall Street Zen upgraded shares of Kaiser Aluminum from a "hold" rating to a "buy" rating in a research note on Tuesday, September 2nd. Wells Fargo & Company began coverage on shares of Kaiser Aluminum in a report on Wednesday, October 8th. They issued an "overweight" rating and a $90.00 price target for the company. Finally, JPMorgan Chase & Co. increased their price target on shares of Kaiser Aluminum from $64.00 to $82.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Kaiser Aluminum currently has an average rating of "Hold" and an average target price of $82.00.

Kaiser Aluminum Price Performance

The company's 50-day moving average is $76.68 and its 200-day moving average is $73.76. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.70 and a quick ratio of 1.30. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 20.52 and a beta of 1.49.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last released its earnings results on Wednesday, April 2nd. The industrial products company reported $1.21 earnings per share (EPS) for the quarter. Kaiser Aluminum had a net margin of 2.05% and a return on equity of 8.03%. The business had revenue of $765.40 million for the quarter. On average, research analysts expect that Kaiser Aluminum Corporation will post 5.14 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp lifted its position in Kaiser Aluminum by 31.9% during 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 buying an additional 279,231 shares in the last quarter. American Century Companies Inc. lifted its position in Kaiser Aluminum by 7.4% during the second quarter. American Century Companies Inc. now owns 536,208 shares of the industrial products company's stock valued at $42,843,000 after buying an additional 36,894 shares in the last quarter. Wellington Management Group LLP lifted its position in Kaiser Aluminum by 5.1% during the first quarter. Wellington Management Group LLP now owns 454,114 shares of the industrial products company's stock valued at $27,528,000 after buying an additional 22,134 shares in the last quarter. Geode Capital Management LLC lifted its position in Kaiser Aluminum by 1.4% during the second quarter. Geode Capital Management LLC now owns 391,601 shares of the industrial products company's stock valued at $31,292,000 after buying an additional 5,420 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Kaiser Aluminum by 0.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 299,274 shares of the industrial products company's stock valued at $18,142,000 after buying an additional 956 shares in the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

Kaiser Aluminum Company Profile

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.

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