Kaiser Aluminum Corp. (NASDAQ:KALU) COO Sells $150,000.00 in Stock

Kaiser Aluminum Corp. (NASDAQ:KALU) COO Keith Harvey sold 1,500 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $100.00, for a total value of $150,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Keith Harvey also recently made the following trade(s):

  • On Monday, September 9th, Keith Harvey sold 500 shares of Kaiser Aluminum stock. The shares were sold at an average price of $95.00, for a total value of $47,500.00.
  • On Thursday, September 5th, Keith Harvey sold 500 shares of Kaiser Aluminum stock. The shares were sold at an average price of $90.00, for a total value of $45,000.00.
  • On Thursday, August 1st, Keith Harvey sold 1,000 shares of Kaiser Aluminum stock. The stock was sold at an average price of $95.71, for a total value of $95,710.00.
  • On Monday, July 1st, Keith Harvey sold 1,000 shares of Kaiser Aluminum stock. The stock was sold at an average price of $97.88, for a total value of $97,880.00.
  • On Tuesday, June 18th, Keith Harvey sold 1,700 shares of Kaiser Aluminum stock. The stock was sold at an average price of $98.53, for a total value of $167,501.00.

Shares of NASDAQ KALU traded down $0.04 during trading hours on Friday, reaching $99.62. The stock had a trading volume of 94,967 shares, compared to its average volume of 120,905. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 15.40 and a beta of 1.07. The company has a current ratio of 3.63, a quick ratio of 2.34 and a debt-to-equity ratio of 0.53. Kaiser Aluminum Corp. has a fifty-two week low of $83.29 and a fifty-two week high of $114.99. The firm has a 50-day moving average of $92.11 and a 200-day moving average of $97.41.

Kaiser Aluminum (NASDAQ:KALU) last announced its earnings results on Wednesday, July 24th. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.07. The firm had revenue of $375.00 million during the quarter, compared to analysts’ expectations of $388.25 million. Kaiser Aluminum had a return on equity of 14.23% and a net margin of 5.96%. The business’s revenue was down 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.68 EPS. On average, equities analysts predict that Kaiser Aluminum Corp. will post 7.2 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, July 25th were given a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, July 24th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.41%. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 37.09%.

KALU has been the topic of several recent research reports. ValuEngine downgraded Kaiser Aluminum from a “hold” rating to a “sell” rating in a report on Tuesday, July 9th. BidaskClub upgraded Kaiser Aluminum from a “sell” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research downgraded Kaiser Aluminum from a “buy” rating to a “hold” rating in a report on Friday. Finally, Goldman Sachs Group raised Kaiser Aluminum from a “sell” rating to a “neutral” rating and set a $97.00 target price for the company in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $110.00.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position 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 valued at $242,693,000 after purchasing an additional 19,066 shares during the period. Vanguard Group Inc. boosted its position 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 valued at $180,961,000 after purchasing an additional 32,325 shares during the period. Northern Trust Corp boosted its position 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 valued at $46,116,000 after purchasing an additional 4,088 shares during the period. Invesco Ltd. boosted its position 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 valued at $37,246,000 after purchasing an additional 293,293 shares during the period. Finally, Amundi Pioneer Asset Management Inc. boosted its position in shares of Kaiser Aluminum by 11.0% in the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 352,303 shares of the industrial products company’s stock valued at $44,047,000 after purchasing an additional 34,969 shares during the period. 98.96% of the stock is owned by hedge funds and other institutional investors.

Kaiser Aluminum Company Profile

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.

Further Reading: Neutral Rating

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

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