Kaiser Aluminum (NASDAQ:KALU) EVP Blain Tiffany Sells 8,656 Shares of Stock

Kaiser Aluminum Corporation (NASDAQ:KALU) EVP Blain Tiffany sold 8,656 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $93.92, for a total value of $812,971.52. Following the sale, the executive vice president owned 26,275 shares of the company’s stock, valued at $2,467,748. This represents a 24.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Kaiser Aluminum Stock Up 0.8%

Shares of KALU opened at $95.29 on Tuesday. The business’s 50 day moving average is $81.40 and its 200 day moving average is $78.50. The company has a current ratio of 2.48, a quick ratio of 1.08 and a debt-to-equity ratio of 1.29. Kaiser Aluminum Corporation has a 12-month low of $46.81 and a 12-month high of $97.63. The company has a market capitalization of $1.54 billion, a PE ratio of 17.23 and a beta of 1.58.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings results on Wednesday, April 2nd. The industrial products company reported $1.21 earnings per share for the quarter. The business had revenue of $765.40 million during the quarter. Kaiser Aluminum had a return on equity of 10.67% and a net margin of 2.85%. Research analysts expect that Kaiser Aluminum Corporation will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 24th will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, October 24th. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 55.70%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KALU. State Street Corp raised its position in Kaiser Aluminum by 31.9% during the second quarter. State Street Corp now owns 1,154,415 shares of the industrial products company’s stock valued at $92,238,000 after purchasing an additional 279,231 shares during the period. Tributary Capital Management LLC raised its holdings in Kaiser Aluminum by 92.5% during the 3rd quarter. Tributary Capital Management LLC now owns 500,418 shares of the industrial products company’s stock valued at $38,612,000 after buying an additional 240,518 shares during the period. Gabelli Funds LLC bought a new stake in Kaiser Aluminum in the second quarter worth $5,013,000. Raymond James Financial Inc. boosted its stake in Kaiser Aluminum by 211.2% during the second quarter. Raymond James Financial Inc. now owns 82,553 shares of the industrial products company’s stock worth $6,596,000 after buying an additional 56,028 shares during the period. Finally, American Century Companies Inc. increased its position in Kaiser Aluminum by 11.5% during the first quarter. American Century Companies Inc. now owns 499,314 shares of the industrial products company’s stock valued at $30,268,000 after acquiring an additional 51,591 shares during the last quarter. Institutional investors own 99.29% of the company’s stock.

Analysts Set New Price Targets

KALU has been the topic of a number of research reports. JPMorgan Chase & Co. lifted their price target on shares of Kaiser Aluminum from $82.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Zacks Research upgraded Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 30th. Weiss Ratings raised Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a report on Saturday, October 25th. Wall Street Zen raised Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. Finally, Wells Fargo & Company raised their price target on Kaiser Aluminum from $90.00 to $108.00 and gave the company an “overweight” rating in a report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.67.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation, together with its subsidiaries, engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. It offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.