Kaiser Aluminum (NASDAQ:KALU) VP Neal E. West sold 2,175 shares of Kaiser Aluminum stock in a transaction that occurred on Tuesday, May 22nd. The stock was sold at an average price of $110.00, for a total value of $239,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Kaiser Aluminum opened at $108.54 on Friday, according to MarketBeat Ratings. The company has a market cap of $1.83 billion, a PE ratio of 21.32, a PEG ratio of 1.12 and a beta of 0.62. Kaiser Aluminum has a 52 week low of $81.01 and a 52 week high of $116.86. The company has a quick ratio of 2.74, a current ratio of 3.70 and a debt-to-equity ratio of 0.49.
Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings data on Wednesday, April 25th. The industrial products company reported $1.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.06. The firm had revenue of $388.00 million during the quarter, compared to the consensus estimate of $392.66 million. Kaiser Aluminum had a return on equity of 11.60% and a net margin of 2.45%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.52 earnings per share. equities analysts anticipate that Kaiser Aluminum will post 6.52 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Thursday, April 26th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Wednesday, April 25th. This represents a $2.20 annualized dividend and a yield of 2.03%. Kaiser Aluminum’s dividend payout ratio (DPR) is currently 43.22%.
Institutional investors have recently made changes to their positions in the stock. OppenheimerFunds Inc. grew its holdings in Kaiser Aluminum by 3.3% during the fourth quarter. OppenheimerFunds Inc. now owns 262,677 shares of the industrial products company’s stock worth $28,067,000 after buying an additional 8,450 shares in the last quarter. Pinebridge Investments L.P. grew its holdings in Kaiser Aluminum by 77.3% during the fourth quarter. Pinebridge Investments L.P. now owns 26,851 shares of the industrial products company’s stock worth $2,869,000 after buying an additional 11,703 shares in the last quarter. Arizona State Retirement System grew its holdings in Kaiser Aluminum by 223.0% during the fourth quarter. Arizona State Retirement System now owns 28,411 shares of the industrial products company’s stock worth $3,036,000 after buying an additional 19,616 shares in the last quarter. BlackRock Inc. grew its holdings in Kaiser Aluminum by 3.0% during the fourth quarter. BlackRock Inc. now owns 2,152,997 shares of the industrial products company’s stock worth $230,049,000 after buying an additional 63,184 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Kaiser Aluminum during the fourth quarter worth $254,000. Institutional investors and hedge funds own 97.88% of the company’s stock.
KALU has been the topic of a number of recent analyst reports. TheStreet raised Kaiser Aluminum from a “c+” rating to a “b+” rating in a research note on Wednesday, April 25th. BidaskClub lowered Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 3rd. ValuEngine raised Kaiser Aluminum from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Zacks Investment Research raised Kaiser Aluminum from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a research note on Thursday, March 1st. Finally, Deutsche Bank dropped their price target on Kaiser Aluminum from $107.00 to $103.00 and set a “hold” rating on the stock in a research note on Tuesday, February 27th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $102.29.
Kaiser Aluminum Company Profile
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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