Insider Selling: Kaiser Aluminum Corp. (NASDAQ:KALU) VP Sells 600 Shares of Stock

Kaiser Aluminum Corp. (NASDAQ:KALU) VP Melinda C. Ellsworth sold 600 shares of Kaiser Aluminum stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $96.00, for a total transaction of $57,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

KALU traded down $2.56 during midday trading on Thursday, hitting $89.19. The company had a trading volume of 151,903 shares, compared to its average volume of 123,706. Kaiser Aluminum Corp. has a 52 week low of $83.29 and a 52 week high of $114.99. The company has a quick ratio of 2.34, a current ratio of 3.63 and a debt-to-equity ratio of 0.53. The stock has a market cap of $1.49 billion, a P/E ratio of 13.79 and a beta of 1.05. The stock’s 50 day simple moving average is $94.97.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.07. Kaiser Aluminum had a net margin of 5.96% and a return on equity of 14.23%. The firm had revenue of $375.00 million during the quarter, compared to the consensus estimate of $388.25 million. During the same period in the previous year, the firm posted $1.68 earnings per share. The business’s revenue was down 9.6% compared to the same quarter last year. Sell-side analysts forecast that Kaiser Aluminum Corp. will post 7.2 EPS for the current fiscal year.



The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 25th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.69%. The ex-dividend date is Wednesday, July 24th. Kaiser Aluminum’s dividend payout ratio (DPR) is currently 37.09%.

KALU has been the subject of several research analyst reports. BidaskClub raised shares of Kaiser Aluminum from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. Zacks Investment Research raised shares of Kaiser Aluminum from a “hold” rating to a “buy” rating and set a $108.00 price target for the company in a research note on Thursday, August 1st. Goldman Sachs Group raised shares of Kaiser Aluminum from a “sell” rating to a “neutral” rating and set a $97.00 price target for the company in a research note on Thursday, August 8th. Finally, ValuEngine downgraded shares of Kaiser Aluminum from a “hold” rating to a “sell” rating in a research note on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Kaiser Aluminum currently has a consensus rating of “Hold” and a consensus target price of $109.33.

Large investors have recently bought and sold shares of the company. First Interstate Bank increased its position in shares of Kaiser Aluminum by 18.9% during the second quarter. First Interstate Bank now owns 1,445 shares of the industrial products company’s stock worth $141,000 after acquiring an additional 230 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Kaiser Aluminum during the first quarter worth about $249,000. Amalgamated Bank bought a new stake in shares of Kaiser Aluminum during the fourth quarter worth about $218,000. ARK Investment Management LLC bought a new stake in shares of Kaiser Aluminum during the second quarter worth about $352,000. Finally, BNP Paribas Arbitrage SA increased its position in shares of Kaiser Aluminum by 881.3% during the first quarter. BNP Paribas Arbitrage SA now owns 3,729 shares of the industrial products company’s stock worth $391,000 after acquiring an additional 3,349 shares in the last quarter. 98.02% of the stock is owned by institutional investors.

About Kaiser Aluminum

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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