Kaiser Aluminum (KALU) VP Sells $239,250.00 in Stock

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.

Insider Buying and Selling by Quarter for Kaiser Aluminum (NASDAQ:KALU)

Receive News & Ratings for Kaiser Aluminum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kaiser Aluminum and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply