Kaiser Aluminum Corp. (NASDAQ:KALU) CFO Sells $82,500.00 in Stock

Kaiser Aluminum Corp. (NASDAQ:KALU) CFO Neal E. West sold 750 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $110.00, for a total transaction of $82,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Neal E. West also recently made the following trade(s):

  • On Tuesday, October 29th, Neal E. West sold 750 shares of Kaiser Aluminum stock. The stock was sold at an average price of $108.01, for a total transaction of $81,007.50.
  • On Wednesday, September 11th, Neal E. West sold 750 shares of Kaiser Aluminum stock. The stock was sold at an average price of $100.00, for a total transaction of $75,000.00.

Shares of NASDAQ:KALU opened at $112.30 on Friday. The stock has a market cap of $1.79 billion, a P/E ratio of 17.36 and a beta of 1.11. The firm has a fifty day moving average price of $101.22 and a 200 day moving average price of $95.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.80 and a quick ratio of 2.71. Kaiser Aluminum Corp. has a 1-year low of $83.29 and a 1-year high of $114.99.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.90 by ($0.08). The business had revenue of $375.00 million for the quarter, compared to analyst estimates of $393.94 million. Kaiser Aluminum had a return on equity of 14.99% and a net margin of 6.27%. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 EPS. Sell-side analysts expect that Kaiser Aluminum Corp. will post 6.81 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 25th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Thursday, October 24th. Kaiser Aluminum’s dividend payout ratio is currently 37.09%.

A number of large investors have recently modified their holdings of KALU. BlackRock Inc. lifted its stake in shares of Kaiser Aluminum by 0.8% in the 2nd quarter. BlackRock Inc. now owns 2,486,357 shares of the industrial products company’s stock worth $242,693,000 after acquiring an additional 19,066 shares during the period. Vanguard Group Inc. lifted its stake in shares of Kaiser Aluminum by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 1,853,919 shares of the industrial products company’s stock worth $180,961,000 after acquiring an additional 32,325 shares during the period. Macquarie Group Ltd. lifted its stake in shares of Kaiser Aluminum by 6.6% in the 2nd quarter. Macquarie Group Ltd. now owns 698,183 shares of the industrial products company’s stock worth $68,149,000 after acquiring an additional 43,146 shares during the period. Northern Trust Corp lifted its stake in shares of Kaiser Aluminum by 0.9% in the 2nd quarter. Northern Trust Corp now owns 472,455 shares of the industrial products company’s stock worth $46,116,000 after acquiring an additional 4,088 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Kaiser Aluminum by 332.2% in the 2nd quarter. Invesco Ltd. now owns 381,577 shares of the industrial products company’s stock worth $37,246,000 after acquiring an additional 293,293 shares during the period. Hedge funds and other institutional investors own 98.34% of the company’s stock.

A number of analysts recently weighed in on the stock. ValuEngine upgraded shares of Kaiser Aluminum from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Goldman Sachs Group upgraded 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. BidaskClub upgraded shares of Kaiser Aluminum from a “sell” rating to a “hold” rating in a research note on Tuesday, September 10th. Finally, Zacks Investment Research cut shares of Kaiser Aluminum from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th.

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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