Kaiser Aluminum Corp. CEO Sells $367,550 in Stock (KALU)
Kaiser Aluminum Corp. (NASDAQ:KALU) CEO Jack A. Hockema unloaded 5,000 shares of Kaiser Aluminum Corp. stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $73.51, for a total transaction of $367,550.00. Following the completion of the transaction, the chief executive officer now directly owns 23,190 shares in the company, valued at approximately $1,704,697. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Kaiser Aluminum Corp. (NASDAQ:KALU) traded up 0.63% on Thursday, hitting $73.16. 71,031 shares of the company’s stock traded hands. Kaiser Aluminum Corp. has a one year low of $62.09 and a one year high of $74.27. The stock has a 50-day moving average of $70.34 and a 200-day moving average of $70.31. The company has a market cap of $1.308 billion and a P/E ratio of 15.92.
Kaiser Aluminum Corp. (NASDAQ:KALU) last announced its earnings results on Wednesday, April 23rd. The company reported $0.85 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.03 earnings per share. The company’s revenue for the quarter 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $75.90.
Kaiser Aluminum Corporation is engaged in the production of semi-fabricated specialty aluminum products.
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