Posted by admin on May 24th, 2022

Kaiser Aluminum Co. (NASDAQ:KALU – Get Rating) CFO Neal E. West sold 400 shares of the firm’s stock in a transaction on Friday, May 20th. The shares were sold at an average price of $96.96, for a total transaction of $38,784.00. Following the transaction, the chief financial officer now owns 3,780 shares in the company, valued at approximately $366,508.80. The transaction was disclosed in a document filed with the SEC, which is available at this link.

KALU traded down $2.51 during trading on Tuesday, hitting $96.38. The stock had a trading volume of 108,960 shares, compared to its average volume of 121,568. The firm has a market cap of $1.53 billion, a PE ratio of -106.33 and a beta of 1.06. Kaiser Aluminum Co. has a 12 month low of $85.04 and a 12 month high of $137.70. The company has a current ratio of 2.38, a quick ratio of 1.60 and a debt-to-equity ratio of 1.46. The company has a 50 day simple moving average of $95.97 and a 200-day simple moving average of $96.90.

Kaiser Aluminum (NASDAQ:KALU – Get Rating) last posted its quarterly earnings results on Wednesday, April 20th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.33. The company had revenue of $949.00 million for the quarter, compared to analyst estimates of $861.52 million. Kaiser Aluminum had a negative net margin of 0.46% and a positive return on equity of 5.47%. The business’s quarterly revenue was up 192.9% on a year-over-year basis. During the same period last year, the business posted $0.64 EPS. As a group, sell-side analysts anticipate that Kaiser Aluminum Co. will post 3.64 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 13th. Shareholders of record on Monday, April 25th were given a $0.77 dividend. The ex-dividend date was Friday, April 22nd. This represents a $3.08 annualized dividend and a yield of 3.20%. Kaiser Aluminum’s dividend payout ratio is -331.18%.

A number of research analysts have recently weighed in on KALU shares. StockNews.com started coverage on shares of Kaiser Aluminum in a report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research upgraded shares of Kaiser Aluminum from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 9th. Finally, Credit Suisse Group dropped their target price on shares of Kaiser Aluminum from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Monday, February 28th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat, Kaiser Aluminum currently has a consensus rating of “Hold” and a consensus target price of $105.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Liberty Wealth Management LLC boosted its position in shares of Kaiser Aluminum by 101.6% during the 3rd quarter. Liberty Wealth Management LLC now owns 250 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 126 shares in the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of Kaiser Aluminum during the 3rd quarter valued at about $37,000. First Horizon Advisors Inc. boosted its position in shares of Kaiser Aluminum by 209.7% during the 4th quarter. First Horizon Advisors Inc. now owns 480 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 325 shares in the last quarter. Point72 Hong Kong Ltd boosted its position in shares of Kaiser Aluminum by 179.6% during the 3rd quarter. Point72 Hong Kong Ltd now owns 467 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 300 shares in the last quarter. Finally, UMB Bank N A MO acquired a new position in Kaiser Aluminum in the fourth quarter valued at about $51,000. Institutional investors own 97.69% of the company’s stock.

Kaiser Aluminum Company Profile (Get Rating)

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

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