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

Kaiser Aluminum (NASDAQ:KALU) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Tuesday, BidAskClub reports.

A number of other equities research analysts also recently commented on the stock. ValuEngine upgraded shares of Kaiser Aluminum from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Zacks Investment Research downgraded Kaiser Aluminum from a “hold” rating to a “sell” rating in a research note on Thursday, December 26th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $103.00.

Kaiser Aluminum stock traded up $0.56 during mid-day trading on Tuesday, reaching $106.97. 797 shares of the company were exchanged, compared to its average volume of 94,387. The firm’s 50-day simple moving average is $110.77 and its two-hundred day simple moving average is $101.18. Kaiser Aluminum has a twelve month low of $85.04 and a twelve month high of $117.06. The firm has a market cap of $1.70 billion, a PE ratio of 16.55 and a beta of 1.09. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.71 and a current ratio of 3.80.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.82 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.90 by ($0.08). Kaiser Aluminum had a return on equity of 14.99% and a net margin of 6.27%. The company had revenue of $375.00 million for the quarter, compared to analysts’ expectations of $393.94 million. During the same quarter last year, the company earned $1.43 EPS. Kaiser Aluminum’s revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Kaiser Aluminum will post 6.81 EPS for the current year.

In related news, VP Ray Parkinson sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $108.61, for a total value of $152,054.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Malcolm Donnan sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $105.00, for a total value of $525,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,857 shares of company stock valued at $3,133,762. Company insiders own 1.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KALU. First Mercantile Trust Co. lifted its holdings in shares of Kaiser Aluminum by 11.5% in the third quarter. First Mercantile Trust Co. now owns 1,212 shares of the industrial products company’s stock valued at $120,000 after purchasing an additional 125 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Kaiser Aluminum by 5.2% in the first quarter. First Trust Advisors LP now owns 4,288 shares of the industrial products company’s stock valued at $449,000 after purchasing an additional 211 shares in the last quarter. California State Teachers Retirement System lifted its holdings in shares of Kaiser Aluminum by 1.0% in the third quarter. California State Teachers Retirement System now owns 24,924 shares of the industrial products company’s stock valued at $2,467,000 after purchasing an additional 243 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Kaiser Aluminum by 255.9% in the third quarter. Meeder Asset Management Inc. now owns 420 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 302 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Kaiser Aluminum by 4.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 9,519 shares of the industrial products company’s stock valued at $929,000 after purchasing an additional 370 shares in the last quarter. 97.93% of the stock is owned by hedge funds and other institutional investors.

About Kaiser Aluminum

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.

Further Reading: The limitations of an equal weight rating

Receive News & Ratings for Kaiser Aluminum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kaiser Aluminum and related companies with MarketBeat.com's FREE daily email newsletter.