Kaiser Aluminum Co. (NASDAQ:KALU) CFO Neal E. West Sells 400 Shares

Kaiser Aluminum Co. (NASDAQ:KALU) CFO Neal E. West sold 400 shares of the stock in a transaction on Monday, October 11th. The shares were sold at an average price of $111.44, for a total value of $44,576.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

KALU stock opened at $110.97 on Thursday. The stock has a market capitalization of $1.76 billion, a PE ratio of -149.96 and a beta of 1.32. The company’s 50-day moving average is $117.87 and its 200-day moving average is $120.92. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.73 and a quick ratio of 1.86. Kaiser Aluminum Co. has a 1 year low of $57.13 and a 1 year high of $141.07.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings data on Tuesday, July 20th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.27 by ($1.27). The company had revenue of $741.00 million for the quarter, compared to the consensus estimate of $474.02 million. Kaiser Aluminum had a positive return on equity of 5.10% and a negative net margin of 0.72%. Kaiser Aluminum’s revenue for the quarter was up 168.8% compared to the same quarter last year. During the same period last year, the company earned $0.36 EPS. On average, analysts anticipate that Kaiser Aluminum Co. will post 4.18 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System boosted its position in shares of Kaiser Aluminum by 7.0% during the 3rd quarter. Louisiana State Employees Retirement System now owns 7,600 shares of the industrial products company’s stock worth $828,000 after purchasing an additional 500 shares in the last quarter. State of Alaska Department of Revenue lifted its position in Kaiser Aluminum by 5.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 11,568 shares of the industrial products company’s stock valued at $1,260,000 after acquiring an additional 608 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in Kaiser Aluminum by 36.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 73,652 shares of the industrial products company’s stock valued at $9,095,000 after acquiring an additional 19,861 shares in the last quarter. Morgan Stanley lifted its position in Kaiser Aluminum by 99.2% in the 2nd quarter. Morgan Stanley now owns 102,024 shares of the industrial products company’s stock valued at $12,598,000 after acquiring an additional 50,805 shares in the last quarter. Finally, Kingsview Wealth Management LLC bought a new position in Kaiser Aluminum in the 2nd quarter valued at about $1,701,000. 98.48% of the stock is currently owned by institutional investors.

A number of analysts have commented on KALU shares. Zacks Investment Research raised shares of Kaiser Aluminum from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 6th. The Goldman Sachs Group started coverage on shares of Kaiser Aluminum in a research report on Thursday, September 9th. They set a “sell” rating and a $122.00 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $118.67.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corp. engages in the manufacture and sale of semi-fabricated specialty aluminum products. The firm caters aerospace, general engineering, automotive, and custom industrial applications. Its products include plate, sheet, coil, hard alloy shapes, soft alloy extrusions, seamless & structural extruded, drawn tube, hard alloy rod, bar, wire and forge stock.

Recommended Story: Stock Symbols, CUSIP and Other Stock Identifiers

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.