Wolfe Research Upgrades Kaiser Aluminum (NASDAQ:KALU) to Peer Perform

Wolfe Research upgraded shares of Kaiser Aluminum (NASDAQ:KALU - Free Report) from an underperform rating to a peer perform rating in a report issued on Friday morning, MarketBeat reports.

Separately, StockNews.com lowered Kaiser Aluminum from a "hold" rating to a "sell" rating in a research report on Thursday, April 10th.

Kaiser Aluminum Price Performance

Shares of KALU stock traded down $0.41 during trading hours on Friday, hitting $54.61. The stock had a trading volume of 192,997 shares, compared to its average volume of 138,924. The stock's 50-day moving average price is $65.57 and its two-hundred day moving average price is $71.54. Kaiser Aluminum has a one year low of $46.81 and a one year high of $102.42. The stock has a market capitalization of $879.22 million, a price-to-earnings ratio of 19.03 and a beta of 1.32. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.44 and a quick ratio of 1.36.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last posted its 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). Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. The firm had revenue of $765.40 million for the quarter, compared to the consensus estimate of $752.00 million. During the same quarter in the prior year, the company posted $0.60 earnings per share. Equities analysts forecast that Kaiser Aluminum will post 5.14 EPS for the current year.

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Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in shares of Kaiser Aluminum by 103.6% in the 4th quarter. Wellington Management Group LLP now owns 431,980 shares of the industrial products company's stock worth $30,355,000 after acquiring an additional 219,827 shares during the last quarter. Bridgeway Capital Management LLC bought a new stake in Kaiser Aluminum in the fourth quarter worth about $4,581,000. Empowered Funds LLC purchased a new position in shares of Kaiser Aluminum during the fourth quarter valued at approximately $3,878,000. Crestline Management LP bought a new position in shares of Kaiser Aluminum during the fourth quarter valued at approximately $3,558,000. Finally, American Century Companies Inc. raised its holdings in shares of Kaiser Aluminum by 12.6% in the fourth quarter. American Century Companies Inc. now owns 447,723 shares of the industrial products company's stock worth $31,461,000 after buying an additional 49,948 shares during the period. 99.29% of the stock is owned by hedge funds and other institutional investors.

Kaiser Aluminum Company Profile

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.