Kaiser Aluminum (NASDAQ:KALU) Rating Lowered to Sell at StockNews.com

Kaiser Aluminum (NASDAQ:KALU) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Saturday.

Kaiser Aluminum Stock Performance

Shares of KALU stock opened at $70.33 on Friday. Kaiser Aluminum has a 12 month low of $63.44 and a 12 month high of $102.42. The stock has a market cap of $1.13 billion, a PE ratio of 24.51 and a beta of 1.37. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. The company’s fifty day moving average price is $70.82 and its 200-day moving average price is $73.24.

Kaiser Aluminum (NASDAQ:KALU) last announced its earnings results on Wednesday, February 19th. The industrial products company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.30). Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. The business had revenue of $765.40 million for the quarter, compared to the consensus estimate of $752.00 million. During the same quarter last year, the firm posted $0.60 EPS. On average, equities analysts expect that Kaiser Aluminum will post 5.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Kaiser Aluminum

Hedge funds have recently bought and sold shares of the company. Empowered Funds LLC bought a new position in Kaiser Aluminum in the 4th quarter worth about $3,878,000. Barclays PLC raised its position in Kaiser Aluminum by 101.3% in the 3rd quarter. Barclays PLC now owns 27,454 shares of the industrial products company’s stock worth $1,991,000 after buying an additional 13,813 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Kaiser Aluminum by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 294,502 shares of the industrial products company’s stock worth $21,357,000 after buying an additional 7,644 shares during the last quarter. Principal Financial Group Inc. raised its position in Kaiser Aluminum by 6.7% in the 3rd quarter. Principal Financial Group Inc. now owns 84,370 shares of the industrial products company’s stock worth $6,119,000 after buying an additional 5,287 shares during the last quarter. Finally, Leisure Capital Management purchased a new position in Kaiser Aluminum in the 4th quarter worth about $697,000. Institutional investors own 99.29% of the company’s stock.

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.