Kaiser Aluminum (NASDAQ:KALU) Rating Lowered to Sell at BidaskClub

Kaiser Aluminum (NASDAQ:KALU) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, June 26th, BidAskClub reports.

Separately, Zacks Investment Research cut Fortuna Silver Mines from a “hold” rating to a “sell” rating in a report on Wednesday, February 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Kaiser Aluminum currently has an average rating of “Hold” and a consensus target price of $108.60.

NASDAQ:KALU traded down $0.36 during trading on Wednesday, reaching $95.11. The company’s stock had a trading volume of 71,558 shares, compared to its average volume of 121,449. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 14.70 and a beta of 1.03. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.14 and a current ratio of 3.29. The company has a 50 day simple moving average of $94.01. Kaiser Aluminum has a 12 month low of $83.29 and a 12 month high of $119.66.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.02. Kaiser Aluminum had a return on equity of 14.91% and a net margin of 5.90%. The company had revenue of $395.00 million during the quarter, compared to the consensus estimate of $404.04 million. During the same quarter in the prior year, the company earned $1.60 EPS. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. Equities analysts forecast that Kaiser Aluminum will post 7.14 earnings per share for the current year.

In other news, CFO Neal E. West sold 750 shares of Kaiser Aluminum stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $100.00, for a total value of $75,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John Malcolm Donnan sold 5,000 shares of Kaiser Aluminum stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $100.00, for a total value of $500,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,050 shares of company stock worth $1,083,105. 1.70% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KALU. BlackRock Inc. raised its stake in shares of Kaiser Aluminum by 0.6% in the fourth quarter. BlackRock Inc. now owns 2,345,611 shares of the industrial products company’s stock worth $209,440,000 after purchasing an additional 13,081 shares during the last quarter. Norges Bank bought a new stake in Kaiser Aluminum during the fourth quarter valued at about $28,875,000. Amundi Pioneer Asset Management Inc. grew its holdings in Kaiser Aluminum by 6.3% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 317,334 shares of the industrial products company’s stock valued at $33,234,000 after purchasing an additional 18,738 shares during the period. OppenheimerFunds Inc. grew its holdings in Kaiser Aluminum by 2.3% during the first quarter. OppenheimerFunds Inc. now owns 312,489 shares of the industrial products company’s stock valued at $32,727,000 after purchasing an additional 6,946 shares during the period. Finally, Rothschild & Co. Asset Management US Inc. grew its holdings in Kaiser Aluminum by 0.5% during the first quarter. Rothschild & Co. Asset Management US Inc. now owns 296,452 shares of the industrial products company’s stock valued at $31,047,000 after purchasing an additional 1,400 shares during the period. Institutional investors own 97.41% of the company’s stock.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The company offers rolled, extruded, and drawn aluminum products used principally for aerospace and defense, automotive, consumer durables, electronics, electrical, and machinery and equipment applications.

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