Kaiser Aluminum Corp. (NASDAQ:KALU) VP Mark Krouse sold 1,100 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $93.44, for a total value of $102,784.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of KALU stock traded down $0.26 during trading hours on Wednesday, reaching $94.06. 43,894 shares of the company’s stock were exchanged, compared to its average volume of 128,656. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 14.54 and a beta of 0.97. Kaiser Aluminum Corp. has a 1 year low of $83.29 and a 1 year high of $119.66. The company has a current ratio of 3.29, a quick ratio of 2.14 and a debt-to-equity ratio of 0.50.
Kaiser Aluminum (NASDAQ:KALU) last issued its earnings results on Tuesday, April 23rd. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. The business had revenue of $395.00 million during the quarter, compared to the consensus estimate of $404.04 million. Kaiser Aluminum had a return on equity of 14.91% and a net margin of 5.90%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.60 EPS. On average, equities analysts forecast that Kaiser Aluminum Corp. will post 7.11 earnings per share for the current fiscal year.
Several research firms have commented on KALU. BidaskClub downgraded Kaiser Aluminum from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Zacks Investment Research raised Kaiser Aluminum from a “sell” rating to a “hold” rating in a research note on Thursday, February 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $110.33.
Several hedge funds have recently modified their holdings of the company. Quantamental Technologies LLC acquired a new stake in shares of Kaiser Aluminum in the 4th quarter worth approximately $26,000. Fifth Third Bancorp grew its holdings in shares of Kaiser Aluminum by 66.8% in the 1st quarter. Fifth Third Bancorp now owns 402 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 161 shares during the period. Advisor Group Inc. grew its holdings in shares of Kaiser Aluminum by 143.2% in the 1st quarter. Advisor Group Inc. now owns 1,391 shares of the industrial products company’s stock worth $146,000 after acquiring an additional 819 shares during the period. LS Investment Advisors LLC grew its holdings in shares of Kaiser Aluminum by 285.9% in the 4th quarter. LS Investment Advisors LLC now owns 1,914 shares of the industrial products company’s stock worth $171,000 after acquiring an additional 1,418 shares during the period. Finally, Amalgamated Bank acquired a new stake in shares of Kaiser Aluminum in the 4th quarter worth approximately $218,000. 98.12% of the stock is owned by institutional investors and hedge funds.
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Kaiser Aluminum Company Profile
Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The company offers rolled, extruded, and drawn aluminum products used principally for aerospace and defense, automotive, consumer durables, electronics, electrical, and machinery and equipment applications.
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