Insider Selling: Kaiser Aluminum Co. (NASDAQ:KALU) Director Sells 1,000 Shares of Stock

Kaiser Aluminum Co. (NASDAQ:KALU) Director Jack A. Hockema sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 14th. The stock was sold at an average price of $105.36, for a total value of $105,360.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of KALU stock opened at $105.80 on Friday. The business’s 50 day moving average is $97.99 and its two-hundred day moving average is $109.62. Kaiser Aluminum Co. has a twelve month low of $84.78 and a twelve month high of $141.07. The company has a current ratio of 2.75, a quick ratio of 1.82 and a debt-to-equity ratio of 1.44.

Kaiser Aluminum (NASDAQ:KALU) last posted its earnings results on Tuesday, October 19th. The industrial products company reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $1.32 by ($0.75). The firm had revenue of $750.60 million for the quarter, compared to analysts’ expectations of $782.96 million. Kaiser Aluminum had a positive return on equity of 5.65% and a negative net margin of 0.68%. The firm’s revenue for the quarter was up 193.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 earnings per share. On average, research analysts predict that Kaiser Aluminum Co. will post 2.96 earnings per share for the current year.

KALU has been the subject of several recent research reports. Zacks Investment Research downgraded Kaiser Aluminum from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 20th. JPMorgan Chase & Co. cut Kaiser Aluminum from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $117.00 to $98.00 in a report on Friday, December 10th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KALU. Cambridge Investment Research Advisors Inc. increased its stake in Kaiser Aluminum by 1.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 5,886 shares of the industrial products company’s stock worth $727,000 after acquiring an additional 85 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Kaiser Aluminum by 1.3% in the fourth quarter. Louisiana State Employees Retirement System now owns 7,700 shares of the industrial products company’s stock worth $723,000 after buying an additional 100 shares during the period. Pitcairn Co. boosted its holdings in Kaiser Aluminum by 2.6% in the third quarter. Pitcairn Co. now owns 4,469 shares of the industrial products company’s stock valued at $487,000 after purchasing an additional 113 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Kaiser Aluminum by 1.3% in the second quarter. The Manufacturers Life Insurance Company now owns 8,966 shares of the industrial products company’s stock valued at $1,107,000 after purchasing an additional 115 shares during the last quarter. Finally, Profund Advisors LLC boosted its holdings in Kaiser Aluminum by 6.0% in the second quarter. Profund Advisors LLC now owns 2,160 shares of the industrial products company’s stock valued at $267,000 after purchasing an additional 123 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

About Kaiser Aluminum

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.

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

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