Kaiser Aluminum Corp. (KALU) VP Sells $161,500.00 in Stock
Kaiser Aluminum Corp. (NASDAQ:KALU) VP Ray Parkinson sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $80.75, for a total transaction of $161,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Ray Parkinson also recently made the following trade(s):
- On Wednesday, March 29th, Ray Parkinson sold 1,200 shares of Kaiser Aluminum Corp. stock. The shares were sold at an average price of $78.16, for a total transaction of $93,792.00.
Kaiser Aluminum Corp. (NASDAQ:KALU) traded up 0.39% during trading on Monday, hitting $81.78. 121,041 shares of the stock were exchanged. Kaiser Aluminum Corp. has a 1-year low of $69.41 and a 1-year high of $94.65. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 14.41 and a beta of 0.57. The firm’s 50 day moving average price is $80.83 and its 200-day moving average price is $79.84.
Kaiser Aluminum Corp. (NASDAQ:KALU) last released its quarterly earnings data on Wednesday, April 19th. The industrial products company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.12 by $0.40. The company had revenue of $355.30 million during the quarter, compared to the consensus estimate of $353.30 million. Kaiser Aluminum Corp. had a return on equity of 9.46% and a net margin of 6.12%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.51 EPS. On average, analysts anticipate that Kaiser Aluminum Corp. will post $4.81 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 15th. Investors of record on Thursday, April 27th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Tuesday, April 25th. Kaiser Aluminum Corp.’s dividend payout ratio (DPR) is presently 45.25%.
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A number of large investors have recently bought and sold shares of KALU. Panagora Asset Management Inc. boosted its stake in Kaiser Aluminum Corp. by 56.7% in the third quarter. Panagora Asset Management Inc. now owns 92,413 shares of the industrial products company’s stock worth $7,993,000 after buying an additional 33,426 shares during the period. U S Global Investors Inc. boosted its stake in Kaiser Aluminum Corp. by 16.7% in the third quarter. U S Global Investors Inc. now owns 17,500 shares of the industrial products company’s stock worth $1,514,000 after buying an additional 2,500 shares during the period. Two Sigma Securities LLC acquired a new stake in Kaiser Aluminum Corp. during the third quarter worth $214,000. Citadel Advisors LLC boosted its stake in Kaiser Aluminum Corp. by 133.9% in the third quarter. Citadel Advisors LLC now owns 15,180 shares of the industrial products company’s stock worth $1,313,000 after buying an additional 8,690 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Kaiser Aluminum Corp. by 4.8% in the third quarter. Principal Financial Group Inc. now owns 137,406 shares of the industrial products company’s stock worth $11,884,000 after buying an additional 6,272 shares during the period. Institutional investors and hedge funds own 96.70% of the company’s stock.
Several brokerages recently weighed in on KALU. Zacks Investment Research raised shares of Kaiser Aluminum Corp. from a “sell” rating to a “hold” rating and set a $95.00 price objective on the stock in a research report on Wednesday, April 26th. Cowen and Company reaffirmed an “outperform” rating and set a $96.00 price objective (up previously from $92.00) on shares of Kaiser Aluminum Corp. in a research report on Friday, April 21st. TheStreet raised shares of Kaiser Aluminum Corp. from a “c” rating to a “b-” rating in a research report on Tuesday, February 21st. Finally, Sidoti raised shares of Kaiser Aluminum Corp. from a “neutral” rating to a “buy” rating and set a $109.00 price objective on the stock in a research report on Monday, March 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $92.14.
Kaiser Aluminum Corp. Company Profile
Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The Company operates in the Fabricated Products segment. The Company’s Fabricated Products segment focuses on producing rolled, extruded and drawn aluminum products used principally for aerospace and defense, automotive and general engineering products that include consumer durables, electronics, electrical and machinery and equipment applications.
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