Kaiser Aluminum Corp. SVP Unloads $171,550 in Stock (KALU)
Kaiser Aluminum Corp. (NASDAQ:KALU) SVP Pete Bunin sold 2,500 shares of the stock on the open market in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $68.62, for a total value of $171,550.00. Following the transaction, the senior vice president now directly owns 37,344 shares in the company, valued at approximately $2,562,545. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Kaiser Aluminum Corp. (NASDAQ:KALU) traded up 2.69% on Thursday, hitting $71.32. The stock had a trading volume of 170,616 shares. Kaiser Aluminum Corp. has a 1-year low of $60.26 and a 1-year high of $74.27. The stock’s 50-day moving average is $69.67 and its 200-day moving average is $69.67. The company has a market cap of $1.275 billion and a P/E ratio of 15.21.
Kaiser Aluminum Corp. (NASDAQ:KALU) last released its earnings data on Wednesday, April 23rd. The company reported $0.85 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.81 by $0.04. The company had revenue of $335.00 million for the quarter, compared to the consensus estimate of $320.28 million. During the same quarter in the prior year, the company posted $1.03 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. Analysts expect that Kaiser Aluminum Corp. will post $3.61 EPS for the current fiscal year.
Separately, analysts at Cowen and Company raised their price target on shares of Kaiser Aluminum Corp. from $73.00 to $76.00 in a research note on Friday, April 25th. They now have an “outperform” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $75.90.
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.