Kaiser Aluminum (NASDAQ:KALU) Raised to “Hold” at StockNews.com

Kaiser Aluminum (NASDAQ:KALU) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Friday.

Separately, Wolfe Research raised Kaiser Aluminum from an “underperform” rating to a “peer perform” rating in a report on Friday, April 11th.

Kaiser Aluminum Price Performance

Shares of NASDAQ KALU opened at $53.86 on Friday. The stock has a market cap of $867.15 million, a P/E ratio of 18.77 and a beta of 1.32. Kaiser Aluminum has a twelve month low of $46.81 and a twelve month high of $102.42. The stock has a 50 day moving average of $64.54 and a two-hundred day moving average of $71.18. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56.

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). The business had revenue of $765.40 million during the quarter, compared to analysts’ expectations of $752.00 million. Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. During the same period in the previous year, the company posted $0.60 earnings per share. On average, research analysts forecast that Kaiser Aluminum will post 5.14 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its holdings in shares of Kaiser Aluminum by 103.6% in the 4th quarter. Wellington Management Group LLP now owns 431,980 shares of the industrial products company’s stock worth $30,355,000 after acquiring an additional 219,827 shares during the period. Bridgeway Capital Management LLC acquired a new stake in Kaiser Aluminum in the 4th quarter valued at about $4,581,000. Empowered Funds LLC purchased a new position in Kaiser Aluminum during the 4th quarter valued at about $3,878,000. Crestline Management LP purchased a new stake in shares of Kaiser Aluminum in the fourth quarter valued at about $3,558,000. Finally, American Century Companies Inc. increased its stake in shares of Kaiser Aluminum by 12.6% during the 4th quarter. American Century Companies Inc. now owns 447,723 shares of the industrial products company’s stock worth $31,461,000 after purchasing an additional 49,948 shares in the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

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.