Kaiser Aluminum Corp. (KALU) COO Sells $94,940.00 in Stock

Kaiser Aluminum Corp. (NASDAQ:KALU) COO Keith Harvey sold 1,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $94.94, for a total value of $94,940.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

NASDAQ:KALU traded up $1.21 during trading hours on Friday, hitting $96.69. 65,780 shares of the company traded hands, compared to its average volume of 110,540. The company has a current ratio of 3.29, a quick ratio of 2.14 and a debt-to-equity ratio of 0.50. Kaiser Aluminum Corp. has a one year low of $83.29 and a one year high of $119.66. The stock has a market cap of $1.54 billion, a PE ratio of 14.94 and a beta of 0.97.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.02. Kaiser Aluminum had a return on equity of 14.91% and a net margin of 5.90%. The business had revenue of $395.00 million for the quarter, compared to analysts’ expectations of $404.04 million. During the same period last year, the business earned $1.60 EPS. The business’s revenue was up 1.8% on a year-over-year basis. On average, sell-side analysts forecast that Kaiser Aluminum Corp. will post 7.11 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 25th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Wednesday, April 24th. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 37.09%.

Several institutional investors have recently made changes to their positions in the company. GAM Holding AG increased its position in shares of Kaiser Aluminum by 30.9% during the 1st quarter. GAM Holding AG now owns 6,135 shares of the industrial products company’s stock valued at $643,000 after purchasing an additional 1,448 shares during the last quarter. Swiss National Bank increased its position in shares of Kaiser Aluminum by 1.7% during the 1st quarter. Swiss National Bank now owns 30,000 shares of the industrial products company’s stock valued at $3,142,000 after purchasing an additional 500 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Kaiser Aluminum by 8.2% during the 1st quarter. Wells Fargo & Company MN now owns 70,113 shares of the industrial products company’s stock valued at $7,342,000 after purchasing an additional 5,320 shares during the last quarter. Advisor Group Inc. increased its position in shares of Kaiser Aluminum by 143.2% during the 1st quarter. Advisor Group Inc. now owns 1,391 shares of the industrial products company’s stock valued at $146,000 after purchasing an additional 819 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of Kaiser Aluminum by 5.2% during the 1st quarter. BlackRock Inc. now owns 2,467,291 shares of the industrial products company’s stock valued at $258,401,000 after purchasing an additional 121,680 shares during the last quarter. 99.49% of the stock is owned by hedge funds and other institutional investors.

KALU has been the topic of several recent analyst reports. Zacks Investment Research cut Kaiser Aluminum from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. BidaskClub cut Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. Kaiser Aluminum presently has a consensus rating of “Hold” and a consensus target price of $110.33.

COPYRIGHT VIOLATION NOTICE: “Kaiser Aluminum Corp. (KALU) COO Sells $94,940.00 in Stock” was originally reported by Transcript Daily and is the property of of Transcript Daily. If you are viewing this story on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this story can be viewed at https://transcriptdaily.com/2019/05/11/kaiser-aluminum-corp-kalu-coo-sells-94940-00-in-stock.html.

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: Derivative

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.