Kaiser Aluminum Corp. (NASDAQ:KALU) CEO Jack A. Hockema sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $104.01, for a total value of $936,090.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Kaiser Aluminum Corp. (KALU) opened at $103.33 on Friday. The company has a market capitalization of $1,797.27, a PE ratio of 40.21, a P/E/G ratio of 1.11 and a beta of 0.63. Kaiser Aluminum Corp. has a 12-month low of $76.73 and a 12-month high of $116.86. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.79 and a quick ratio of 2.59.
Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $1.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.26 by ($0.04). The company had revenue of $353.00 million during the quarter, compared to analysts’ expectations of $348.95 million. Kaiser Aluminum had a return on equity of 11.35% and a net margin of 3.25%. The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.27 EPS. analysts expect that Kaiser Aluminum Corp. will post 6.46 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Friday, January 26th were given a $0.55 dividend. The ex-dividend date of this dividend was Thursday, January 25th. This represents a $2.20 annualized dividend and a yield of 2.13%. This is a positive change from Kaiser Aluminum’s previous quarterly dividend of $0.50. Kaiser Aluminum’s dividend payout ratio (DPR) is currently 85.60%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NEXT Financial Group Inc purchased a new position in Kaiser Aluminum in the third quarter worth about $124,000. Invictus RG boosted its position in shares of Kaiser Aluminum by 140.9% during the third quarter. Invictus RG now owns 1,679 shares of the industrial products company’s stock valued at $173,000 after buying an additional 982 shares during the period. First Interstate Bank purchased a new position in shares of Kaiser Aluminum during the fourth quarter valued at approximately $182,000. We Are One Seven LLC purchased a new position in shares of Kaiser Aluminum during the fourth quarter valued at approximately $192,000. Finally, Elkfork Partners LLC purchased a new position in shares of Kaiser Aluminum during the fourth quarter valued at approximately $245,000.
Several equities research analysts have recently issued reports on KALU shares. BidaskClub cut Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 3rd. ValuEngine raised Kaiser Aluminum from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Zacks Investment Research raised Kaiser Aluminum from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a report on Thursday, March 1st. Morgan Stanley lifted their target price on Kaiser Aluminum from $87.00 to $101.00 and gave the stock an “equal weight” rating in a report on Thursday, November 16th. Finally, Cowen reaffirmed a “hold” rating and issued a $107.00 target price on shares of Kaiser Aluminum in a report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Kaiser Aluminum presently has a consensus rating of “Hold” and a consensus price target of $103.43.
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Kaiser Aluminum Company Profile
Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The Company operates in the Fabricated Products segment. The Company’s Fabricated Products segment focuses on producing rolled, extruded and drawn aluminum products used principally for aerospace and defense, automotive and general engineering products that include consumer durables, electronics, electrical and machinery and equipment applications.
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