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

ValuEngine downgraded shares of Kaiser Aluminum (NASDAQ:KALU) from a hold rating to a sell rating in a research note published on Tuesday morning, ValuEngine reports.

A number of other brokerages have also weighed in on KALU. BidaskClub upgraded Zynerba Pharmaceuticals from a hold rating to a buy rating in a research note on Thursday, July 4th. Zacks Investment Research lowered EXACT Sciences from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $108.60.

Shares of NASDAQ KALU opened at $93.03 on Tuesday. The company has a market capitalization of $1.48 billion, a PE ratio of 14.38 and a beta of 1.03. The firm’s fifty day moving average is $93.67. Kaiser Aluminum has a 52-week low of $83.29 and a 52-week high of $119.66. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.14 and a current ratio of 3.29.

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

In related news, COO Keith Harvey sold 1,000 shares of Kaiser Aluminum stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $94.94, for a total value of $94,940.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John Malcolm Donnan sold 5,000 shares of Kaiser Aluminum stock in a transaction dated Tuesday, June 18th. The stock was 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 90 days, insiders sold 11,050 shares of company stock valued at $1,083,105. 1.70% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in KALU. Amalgamated Bank acquired a new stake in Kaiser Aluminum in the fourth quarter worth about $218,000. Mercer Global Advisors Inc. ADV acquired a new stake in Kaiser Aluminum in the first quarter worth about $249,000. Magnus Financial Group LLC acquired a new stake in Kaiser Aluminum in the fourth quarter worth about $250,000. Paloma Partners Management Co increased its position in Kaiser Aluminum by 57.9% in the fourth quarter. Paloma Partners Management Co now owns 3,000 shares of the industrial products company’s stock worth $268,000 after purchasing an additional 1,100 shares during the period. Finally, Oberweis Asset Management Inc. increased its position in Kaiser Aluminum by 41.8% in the fourth quarter. Oberweis Asset Management Inc. now owns 3,815 shares of the industrial products company’s stock worth $341,000 after purchasing an additional 1,125 shares during the period. Hedge funds and other institutional investors own 97.06% of the company’s stock.

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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