Kaiser Aluminum (NASDAQ:KALU) Downgraded to Sell Rating by StockNews.com

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) was downgraded by investment analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued on Friday.

Kaiser Aluminum Trading Down 4.0 %

Kaiser Aluminum stock traded down $2.98 during mid-day trading on Friday, hitting $71.86. 118,172 shares of the stock were exchanged, compared to its average volume of 96,140. Kaiser Aluminum has a 12 month low of $62.83 and a 12 month high of $102.42. The firm's fifty day simple moving average is $71.39 and its two-hundred day simple moving average is $73.33. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 25.04 and a beta of 1.34. The company has a quick ratio of 1.36, a current ratio of 2.60 and a debt-to-equity ratio of 1.56.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last issued its quarterly 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 firm had revenue of $765.40 million for the quarter, compared to the consensus estimate of $752.00 million. Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.26%. During the same period last year, the company posted $0.60 EPS. Analysts forecast that Kaiser Aluminum will post 5.14 EPS for the current year.

Institutional Trading of Kaiser Aluminum

Several large investors have recently modified their holdings of KALU. State Street Corp boosted its stake in Kaiser Aluminum by 2.2% during the third quarter. State Street Corp now owns 960,742 shares of the industrial products company's stock worth $69,673,000 after acquiring an additional 20,979 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Kaiser Aluminum by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 790,046 shares of the industrial products company's stock valued at $55,517,000 after purchasing an additional 14,296 shares during the period. American Century Companies Inc. raised its holdings in shares of Kaiser Aluminum by 12.6% during the fourth quarter. American Century Companies Inc. now owns 447,723 shares of the industrial products company's stock valued at $31,461,000 after purchasing an additional 49,948 shares during the period. Wellington Management Group LLP boosted its position in shares of Kaiser Aluminum by 103.6% during the 4th quarter. Wellington Management Group LLP now owns 431,980 shares of the industrial products company's stock worth $30,355,000 after purchasing an additional 219,827 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Kaiser Aluminum by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 376,745 shares of the industrial products company's stock valued at $27,326,000 after buying an additional 4,388 shares during the period. Institutional investors and hedge funds own 99.29% of the company's stock.

About Kaiser Aluminum

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.

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