Kaiser Aluminum Corp. (NASDAQ:KALU) EVP John Malcolm Donnan sold 3,749 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $110.00, for a total value of $412,390.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
John Malcolm Donnan also recently made the following trade(s):
- On Thursday, October 24th, John Malcolm Donnan sold 5,000 shares of Kaiser Aluminum stock. The shares were sold at an average price of $105.00, for a total value of $525,000.00.
NASDAQ:KALU opened at $112.30 on Friday. The company has a market capitalization of $1.79 billion, a PE ratio of 17.36 and a beta of 1.11. The company has a quick ratio of 2.71, a current ratio of 3.80 and a debt-to-equity ratio of 0.53. Kaiser Aluminum Corp. has a 52-week low of $83.29 and a 52-week high of $114.99. The stock has a fifty day simple moving average of $101.22 and a 200-day simple moving average of $95.96.
Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.08). The firm had revenue of $375.00 million for the quarter, compared to analyst estimates of $393.94 million. Kaiser Aluminum had a return on equity of 14.99% and a net margin of 6.27%. The company’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period last year, the firm earned $1.43 EPS. As a group, equities analysts anticipate that Kaiser Aluminum Corp. will post 6.81 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 25th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, October 24th. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 37.09%.
Several large investors have recently added to or reduced their stakes in the company. Invesco Ltd. raised its stake in 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 last quarter. Nuveen Asset Management LLC acquired a new position in Kaiser Aluminum in the 2nd quarter valued at about $15,993,000. Morgan Stanley raised its stake in Kaiser Aluminum by 75.1% in the 2nd quarter. Morgan Stanley now owns 154,675 shares of the industrial products company’s stock valued at $15,099,000 after purchasing an additional 66,352 shares during the last quarter. WINTON GROUP Ltd raised its stake in Kaiser Aluminum by 567.2% in the 2nd quarter. WINTON GROUP Ltd now owns 66,138 shares of the industrial products company’s stock valued at $6,456,000 after purchasing an additional 56,225 shares during the last quarter. Finally, Dalton Greiner Hartman Maher & Co. raised its stake in Kaiser Aluminum by 36.7% in the 3rd quarter. Dalton Greiner Hartman Maher & Co. now owns 190,550 shares of the industrial products company’s stock valued at $18,859,000 after purchasing an additional 51,155 shares during the last quarter. 98.34% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have commented on KALU shares. Zacks Investment Research downgraded Kaiser Aluminum from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. BidaskClub raised Kaiser Aluminum from a “sell” rating to a “hold” rating in a report on Tuesday, September 10th. 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 report on Thursday, August 8th. Finally, ValuEngine raised Kaiser Aluminum from a “sell” rating to a “hold” rating in a report on Friday, November 1st.
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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