Kaiser Aluminum (NASDAQ:KALU) CEO Sells $524,757.03 in Stock

Kaiser Aluminum Corporation (NASDAQ:KALU) CEO Keith Harvey sold 3,031 shares of the company’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $173.13, for a total transaction of $524,757.03. Following the completion of the transaction, the chief executive officer owned 94,308 shares of the company’s stock, valued at $16,327,544.04. This trade represents a 3.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Keith Harvey also recently made the following trade(s):

• On Monday, April 27th, Keith Harvey sold 47,001 shares of Kaiser Aluminum stock. The shares were sold at an average price of $175.09, for a total transaction of $8,229,405.09.

Kaiser Aluminum Price Performance

Shares of KALU stock opened at $173.72 on Monday. The company has a market capitalization of $2.84 billion, a PE ratio of 18.92 and a beta of 1.60. The firm has a fifty day simple moving average of $134.32 and a 200-day simple moving average of $119.17. The company has a current ratio of 2.47, a quick ratio of 1.14 and a debt-to-equity ratio of 1.28. Kaiser Aluminum Corporation has a twelve month low of $65.69 and a twelve month high of $181.47.

Kaiser Aluminum (NASDAQ:KALU) last announced its earnings results on Wednesday, April 22nd. The industrial products company reported $3.74 earnings per share for the quarter, beating the consensus estimate of $1.96 by $1.78. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $948.50 million. Kaiser Aluminum had a net margin of 4.14% and a return on equity of 17.00%. The business’s quarterly revenue was up 42.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.44 earnings per share. Equities research analysts anticipate that Kaiser Aluminum Corporation will post 7.85 earnings per share for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, April 24th will be issued a $0.77 dividend. The ex-dividend date of this dividend is Friday, April 24th. This represents a $3.08 annualized dividend and a yield of 1.8%. Kaiser Aluminum’s dividend payout ratio is currently 33.55%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on KALU shares. Weiss Ratings raised shares of Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Wall Street Zen raised shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 18th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $142.00 price target (up from $124.00) on shares of Kaiser Aluminum in a report on Thursday. Zacks Research cut shares of Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Wells Fargo & Company upped their price target on shares of Kaiser Aluminum from $125.00 to $137.00 and gave the company an “equal weight” rating in a report on Wednesday, April 15th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Kaiser Aluminum has a consensus rating of “Hold” and a consensus target price of $154.00.

Trending Headlines about Kaiser Aluminum

Here are the key news stories impacting Kaiser Aluminum this week:

• Positive Sentiment: Analyst support: several outlets and analysts have raised KALU price targets recently (including a notable lift cited on MSN), and Weiss Ratings moved the stock to a buy — these upgrades help justify the rally and reduce perceived downside. Read More.
• Positive Sentiment: Strong quarterly results: Kaiser reported a large beat (Q1 EPS $3.74 vs. ~$1.96 estimate and revenue of ~$1.11B, +42% y/y), supporting the company’s near‑term earnings outlook and investor interest.
• Neutral Sentiment: Small leadership sale: SVP Iulian Gheorghe sold 175 shares (~$30k), an immaterial trade that likely has little impact on fundamentals. Read More.
• Neutral Sentiment: Director-level small sale: Director Richard P. Grimley sold 1,524 shares (~$261k); notable but not large enough alone to signal company stress. Read More.
• Neutral Sentiment: Minor CEO sale disclosure: a filing shows Keith Harvey sold a small block (3,031 shares) at roughly current prices — an item to monitor in context of larger transactions. Read More.
• Negative Sentiment: Large insider sell‑off: multiple senior insiders have sold sizeable stakes (reports include CEO sales of larger blocks, a director sale of 15,000 shares, and a CFO sale), which markets and media have framed as a “wave” and which can amplify short‑term selling pressure. Read More.
• Negative Sentiment: Headline risk from pundits and research: Jim Cramer publicly said he “can’t recommend” KALU, and JPMorgan reaffirmed an underweight with a price target below the current market price — both increase near‑term narrative risk for the stock. Read More. Read More.

Institutional Trading of Kaiser Aluminum

A number of large investors have recently modified their holdings of the company. Fifth Third Bancorp increased its holdings in shares of Kaiser Aluminum by 6,927.6% in the 1st quarter. Fifth Third Bancorp now owns 5,341 shares of the industrial products company’s stock worth $644,000 after acquiring an additional 5,265 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of Kaiser Aluminum by 1.7% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 3,704 shares of the industrial products company’s stock worth $446,000 after acquiring an additional 62 shares during the period. Cvfg LLC bought a new position in Kaiser Aluminum in the 1st quarter valued at about $791,000. QRG Capital Management Inc. grew its position in Kaiser Aluminum by 47.1% in the 1st quarter. QRG Capital Management Inc. now owns 2,697 shares of the industrial products company’s stock valued at $325,000 after buying an additional 863 shares in the last quarter. Finally, Moran Wealth Management LLC bought a new position in Kaiser Aluminum in the 1st quarter valued at about $214,000. Institutional investors and hedge funds own 99.29% of the company’s stock.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation is a U.S.-based producer of semi‐fabricated aluminum products, serving a diverse range of industrial and specialty markets. The company’s offerings include extruded, rolled, and forged aluminum products designed to meet stringent performance requirements in sectors such as aerospace, automotive, defense, electronics, and general engineering. By focusing on high‐value applications, Kaiser Aluminum aims to deliver lightweight, durable solutions that contribute to efficiency and innovation across its customer base.

Operationally, Kaiser Aluminum maintains a network of smelters, extrusion plants, and rolling mills located primarily in North America.