Kaiser Aluminum (NASDAQ:KALU) Upgraded at Wolfe Research

Wolfe Research upgraded shares of Kaiser Aluminum (NASDAQ:KALU) from an underperform rating to a peer perform rating in a research report report published on Friday, MarketBeat.com reports.

Separately, StockNews.com downgraded shares of Kaiser Aluminum from a “hold” rating to a “sell” rating in a report on Thursday.

Kaiser Aluminum Trading Up 6.2 %

Shares of KALU stock opened at $55.50 on Friday. Kaiser Aluminum has a 52-week low of $46.81 and a 52-week high of $102.42. The company has a 50-day simple moving average of $65.88 and a two-hundred day simple moving average of $71.67. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.44. The company has a market capitalization of $893.55 million, a price-to-earnings ratio of 19.34 and a beta of 1.32.

Kaiser Aluminum (NASDAQ:KALU) last released its earnings results on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $752.00 million. During the same period in the prior year, the company earned $0.60 earnings per share. Research analysts anticipate that Kaiser Aluminum will post 5.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. AlphaQuest LLC lifted its holdings in Kaiser Aluminum by 497.2% during the fourth quarter. AlphaQuest LLC now owns 651 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 542 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Kaiser Aluminum during the 4th quarter valued at approximately $52,000. KBC Group NV boosted its holdings in Kaiser Aluminum by 93.0% in the 4th quarter. KBC Group NV now owns 851 shares of the industrial products company’s stock worth $60,000 after buying an additional 410 shares during the period. Aquatic Capital Management LLC grew its stake in Kaiser Aluminum by 87.1% in the 4th quarter. Aquatic Capital Management LLC now owns 1,684 shares of the industrial products company’s stock valued at $118,000 after buying an additional 784 shares in the last quarter. Finally, McIlrath & Eck LLC bought a new stake in Kaiser Aluminum during the 4th quarter valued at $121,000. Hedge funds and other 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.