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.
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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