Kaiser Aluminum Corp. (KALU) VP Melinda C. Ellsworth Sells 1,100 Shares

Kaiser Aluminum Corp. (NASDAQ:KALU) VP Melinda C. Ellsworth sold 1,100 shares of the company’s stock in a transaction dated Wednesday, November 21st. The stock was sold at an average price of $95.36, for a total value of $104,896.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

KALU stock traded up $0.48 during mid-day trading on Monday, reaching $94.92. 73,500 shares of the company’s stock were exchanged, compared to its average volume of 117,435. The company has a market capitalization of $1.56 billion, a P/E ratio of 18.65, a P/E/G ratio of 1.00 and a beta of 0.88. The company has a current ratio of 3.50, a quick ratio of 2.48 and a debt-to-equity ratio of 0.49. Kaiser Aluminum Corp. has a 12-month low of $86.62 and a 12-month high of $119.66.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings results on Wednesday, October 17th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.12). The business had revenue of $393.10 million for the quarter, compared to analysts’ expectations of $383.84 million. Kaiser Aluminum had a return on equity of 13.23% and a net margin of 3.41%. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.90 EPS. On average, research analysts predict that Kaiser Aluminum Corp. will post 6.31 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, October 25th were given a $0.55 dividend. The ex-dividend date was Wednesday, October 24th. This represents a $2.20 annualized dividend and a dividend yield of 2.32%. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 43.22%.

A number of brokerages have issued reports on KALU. Jefferies Financial Group upgraded Kaiser Aluminum from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a research report on Tuesday, October 23rd. Goldman Sachs Group downgraded Kaiser Aluminum from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $105.00 to $101.00 in a research report on Monday, August 13th. BidaskClub upgraded Kaiser Aluminum from a “sell” rating to a “hold” rating in a research report on Friday, September 21st. Morgan Stanley increased their price target on Kaiser Aluminum from $101.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 1st. Finally, Zacks Investment Research downgraded Kaiser Aluminum from a “buy” rating to a “hold” rating in a research report on Saturday, August 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $107.75.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its position in shares of Kaiser Aluminum by 5.9% in the second quarter. American Century Companies Inc. now owns 82,119 shares of the industrial products company’s stock valued at $8,549,000 after acquiring an additional 4,606 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Kaiser Aluminum by 39.8% in the third quarter. Fisher Asset Management LLC now owns 203,052 shares of the industrial products company’s stock valued at $22,145,000 after acquiring an additional 57,800 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of Kaiser Aluminum by 10.5% in the second quarter. Macquarie Group Ltd. now owns 539,496 shares of the industrial products company’s stock valued at $56,167,000 after acquiring an additional 51,451 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Kaiser Aluminum by 39.9% in the second quarter. SG Americas Securities LLC now owns 7,887 shares of the industrial products company’s stock valued at $821,000 after acquiring an additional 2,249 shares in the last quarter. Finally, Capital Fund Management S.A. lifted its position in shares of Kaiser Aluminum by 24.1% in the second quarter. Capital Fund Management S.A. now owns 3,600 shares of the industrial products company’s stock valued at $375,000 after acquiring an additional 700 shares in the last quarter.

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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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