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.
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.
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