Wolfe Research lowered shares of Kaiser Aluminum (NASDAQ:KALU – Get Rating) from a peer perform rating to an underperform rating in a research report report published on Wednesday, The Fly reports. They currently have $67.00 price target on the industrial products company’s stock.

KALU has been the topic of several other research reports. StockNews.com initiated coverage on shares of Kaiser Aluminum in a report on Thursday, March 16th. They issued a sell rating on the stock. The Goldman Sachs Group decreased their price target on shares of Kaiser Aluminum from $80.00 to $70.00 and set a sell rating on the stock in a research note on Monday, February 27th.

Shares of KALU stock opened at $68.18 on Wednesday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.24 and a current ratio of 2.49. The stock has a fifty day simple moving average of $77.27 and a two-hundred day simple moving average of $79.33. The firm has a market capitalization of $1.09 billion, a PE ratio of -36.66 and a beta of 1.29. Kaiser Aluminum has a 52-week low of $59.24 and a 52-week high of $107.41.

A number of hedge funds and other institutional investors have recently modified their holdings of KALU. BlackRock Inc. raised its stake in Kaiser Aluminum by 0.9% during the first quarter. BlackRock Inc. now owns 2,617,574 shares of the industrial products company’s stock valued at $246,471,000 after purchasing an additional 22,167 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Kaiser Aluminum by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 1,902,149 shares of the industrial products company’s stock worth $116,697,000 after buying an additional 40,795 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Kaiser Aluminum by 3.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,383,255 shares of the industrial products company’s stock valued at $105,072,000 after buying an additional 51,754 shares in the last quarter. State Street Corp lifted its holdings in shares of Kaiser Aluminum by 30.6% in the 1st quarter. State Street Corp now owns 1,132,280 shares of the industrial products company’s stock valued at $106,615,000 after acquiring an additional 265,426 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Kaiser Aluminum by 2.4% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 676,155 shares of the industrial products company’s stock valued at $51,361,000 after acquiring an additional 15,653 shares during the last quarter. 99.65% of the stock is currently owned by institutional investors.

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Kaiser Aluminum Corp. engages in the manufacture and sale of semi-fabricated specialty aluminum products. The firm caters to the aerospace, general engineering, automotive, and custom industrial applications industries. Its products include plate, sheet, coil, hard alloy shapes, soft alloy extrusions, seamless and structural extruded, drawn tube, hard alloy rod, bar, wire and forge stock.

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