Insider Selling: Kaiser Aluminum Corp. CEO Unloads 5,000 Shares of Stock (KALU)
Kaiser Aluminum Corp. (NASDAQ:KALU) CEO Jack Hockema sold 5,000 shares of Kaiser Aluminum Corp. stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $72.52, for a total value of $362,600.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
KALU has been the subject of a number of recent research reports. Analysts at Sterne Agee upgraded shares of Kaiser Aluminum Corp. (NASDAQ:KALU) from a “neutral” rating to a “buy” rating in a research note to investors on Monday, August 19th. They now have a $80.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Kaiser Aluminum Corp. (NASDAQ:KALU) from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, August 1st. They now have a $68.80 price target on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Kaiser Aluminum Corp. (NASDAQ:KALU) from $76.00 to $80.00 in a research note to investors on Friday, July 26th. They now have an “outperform” rating on the stock.
Kaiser Aluminum Corp. (NASDAQ:KALU) traded up 0.51% during mid-day trading on Friday, hitting $72.63. The stock had a trading volume of 81,006 shares. Kaiser Aluminum Corp. has a 52-week low of $55.27 and a 52-week high of $72.76. The stock has a 50-day moving average of $70.3 and a 200-day moving average of $65.28. The company has a market cap of $1.350 billion and a price-to-earnings ratio of 15.47.
Kaiser Aluminum Corp. (NASDAQ:KALU) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by $0.03. The company had revenue of $328.90 million for the quarter, compared to the consensus estimate of $352.60 million. During the same quarter in the previous year, the company posted $1.06 earnings per share. The company’s revenue for the quarter was down 4.7% on a year-over-year basis.
Kaiser Aluminum Corporation is engaged in the production of semi-fabricated specialty aluminum products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.