Kaiser Aluminum Corp. (NASDAQ:KALU) COO Keith Harvey sold 6,608 shares of the stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $107.06, for a total transaction of $707,452.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Kaiser Aluminum Corp. (NASDAQ:KALU) traded down $2.06 during mid-day trading on Wednesday, hitting $105.19. 89,655 shares of the company were exchanged, compared to its average volume of 121,145. Kaiser Aluminum Corp. has a 1 year low of $76.73 and a 1 year high of $116.86. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.59 and a current ratio of 3.79. The stock has a market capitalization of $1,792.08, a price-to-earnings ratio of 20.93, a PEG ratio of 1.10 and a beta of 0.63.
Kaiser Aluminum (NASDAQ:KALU) last posted its earnings results on Wednesday, February 21st. The industrial products company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.04). The business had revenue of $353.00 million during the quarter, compared to analysts’ expectations of $348.95 million. Kaiser Aluminum had a net margin of 3.25% and a return on equity of 11.35%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the business posted $1.27 earnings per share. research analysts anticipate that Kaiser Aluminum Corp. will post 6.46 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Friday, January 26th were given a $0.55 dividend. The ex-dividend date of this dividend was Thursday, January 25th. This is an increase from Kaiser Aluminum’s previous quarterly dividend of $0.50. This represents a $2.20 dividend on an annualized basis and a yield of 2.09%. Kaiser Aluminum’s dividend payout ratio (DPR) is currently 85.60%.
KALU has been the subject of a number of recent research reports. BidaskClub raised shares of Kaiser Aluminum from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Credit Suisse Group reissued a “neutral” rating and issued a $102.00 target price (up from $95.00) on shares of Kaiser Aluminum in a report on Friday, February 23rd. Deutsche Bank cut their target price on shares of Kaiser Aluminum from $107.00 to $103.00 and set a “hold” rating for the company in a report on Tuesday, February 27th. Morgan Stanley raised their target price on shares of Kaiser Aluminum from $87.00 to $101.00 and gave the company an “equal weight” rating in a report on Thursday, November 16th. Finally, Zacks Investment Research raised shares of Kaiser Aluminum from a “sell” rating to a “hold” rating in a report on Monday, December 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $103.43.
A number of institutional investors and hedge funds have recently modified their holdings of KALU. Crossmark Global Holdings Inc. bought a new stake in Kaiser Aluminum in the third quarter worth $374,000. Chicago Equity Partners LLC bought a new stake in Kaiser Aluminum in the third quarter worth $1,574,000. BNP Paribas Arbitrage SA lifted its position in Kaiser Aluminum by 56.9% in the third quarter. BNP Paribas Arbitrage SA now owns 9,645 shares of the industrial products company’s stock worth $995,000 after buying an additional 3,498 shares during the last quarter. Sei Investments Co. lifted its position in Kaiser Aluminum by 28.0% in the third quarter. Sei Investments Co. now owns 49,230 shares of the industrial products company’s stock worth $5,077,000 after buying an additional 10,755 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its position in Kaiser Aluminum by 41.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 8,080 shares of the industrial products company’s stock worth $833,000 after buying an additional 2,350 shares during the last quarter.
Kaiser Aluminum Company Profile
Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The Company operates in the Fabricated Products segment. The Company’s Fabricated Products segment focuses on producing rolled, extruded and drawn aluminum products used principally for aerospace and defense, automotive and general engineering products that include consumer durables, electronics, electrical and machinery and equipment applications.
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