Kaiser Aluminum (NASDAQ:KALU) Lowered to “Sell” at ValuEngine

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

Other equities analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Kaiser Aluminum from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. BidaskClub raised shares of Kaiser Aluminum from a “sell” rating to a “hold” rating in a report on Tuesday, September 10th.

Shares of KALU stock opened at $111.73 on Tuesday. The stock has a 50-day moving average price of $108.11 and a 200 day moving average price of $97.84. The company has a quick ratio of 2.71, a current ratio of 3.80 and a debt-to-equity ratio of 0.53. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 17.27 and a beta of 1.10. Kaiser Aluminum has a 12 month low of $83.29 and a 12 month high of $114.99.

Kaiser Aluminum (NASDAQ:KALU) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $1.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.08). The business had revenue of $375.00 million for the quarter, compared to analyst estimates of $393.94 million. Kaiser Aluminum had a net margin of 6.27% and a return on equity of 14.99%. The business’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.43 earnings per share. Sell-side analysts predict that Kaiser Aluminum will post 6.81 earnings per share for the current fiscal year.

In other news, EVP John Malcolm Donnan sold 3,749 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $110.00, for a total transaction of $412,390.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jack A. Hockema sold 12,500 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $99.16, for a total value of $1,239,500.00. The disclosure for this sale can be found here. Insiders sold 44,107 shares of company stock valued at $4,631,912 in the last quarter. 1.70% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the business. Invesco Ltd. grew its stake in shares of Kaiser Aluminum by 332.2% in the second quarter. Invesco Ltd. now owns 381,577 shares of the industrial products company’s stock valued at $37,246,000 after buying an additional 293,293 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in Kaiser Aluminum in the second quarter valued at $15,993,000. Morgan Stanley lifted its stake in Kaiser Aluminum by 75.1% in the second quarter. Morgan Stanley now owns 154,675 shares of the industrial products company’s stock valued at $15,099,000 after acquiring an additional 66,352 shares during the last quarter. Dalton Greiner Hartman Maher & Co. increased its stake in shares of Kaiser Aluminum by 36.7% during the 3rd quarter. Dalton Greiner Hartman Maher & Co. now owns 190,550 shares of the industrial products company’s stock worth $18,859,000 after purchasing an additional 51,155 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its position in shares of Kaiser Aluminum by 6.6% in the second quarter. Macquarie Group Ltd. now owns 698,183 shares of the industrial products company’s stock valued at $68,149,000 after buying an additional 43,146 shares during the last quarter. 97.93% of the stock is currently 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.

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