Kaiser Aluminum Co. (NASDAQ:KALU – Get Rating) CFO Neal E. West sold 400 shares of Kaiser Aluminum stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $78.32, for a total value of $31,328.00. Following the completion of the sale, the chief financial officer now directly owns 2,180 shares in the company, valued at approximately $170,737.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Kaiser Aluminum Stock Performance
NASDAQ KALU traded down $3.56 during trading on Wednesday, reaching $77.48. 196,987 shares of the company's stock were exchanged, compared to its average volume of 137,982. The business has a 50 day moving average price of $74.93 and a 200-day moving average price of $86.57. The stock has a market capitalization of $1.24 billion, a P/E ratio of -207.79 and a beta of 1.07. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.28 and a quick ratio of 1.42. Kaiser Aluminum Co. has a fifty-two week low of $66.25 and a fifty-two week high of $120.31.
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Kaiser Aluminum (NASDAQ:KALU – Get Rating) last posted its earnings results on Monday, July 25th. The industrial products company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.75 by ($0.78). Kaiser Aluminum had a negative net margin of 0.18% and a positive return on equity of 1.33%. The firm had revenue of $954.20 million during the quarter, compared to analyst estimates of $889.59 million. During the same period in the previous year, the company posted $1.00 EPS. Kaiser Aluminum's revenue for the quarter was up 28.8% compared to the same quarter last year. Sell-side analysts forecast that Kaiser Aluminum Co. will post -0.91 earnings per share for the current fiscal year.
Kaiser Aluminum Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Monday, July 25th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.98%. The ex-dividend date was Friday, July 22nd. Kaiser Aluminum's payout ratio is -789.74%.
Analyst Ratings Changes
A number of brokerages have weighed in on KALU. StockNews.com downgraded Kaiser Aluminum from a "hold" rating to a "sell" rating in a research report on Monday, August 8th. Benchmark lowered their price target on Kaiser Aluminum from $120.00 to $105.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 27th.
Hedge Funds Weigh In On Kaiser Aluminum
Several institutional investors and hedge funds have recently made changes to their positions in the company. Legal & General Group Plc grew its position in shares of Kaiser Aluminum by 3.7% in the second quarter. Legal & General Group Plc now owns 47,584 shares of the industrial products company's stock valued at $3,764,000 after purchasing an additional 1,677 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Kaiser Aluminum in the second quarter valued at approximately $317,000. Penn Capital Management Company LLC boosted its stake in shares of Kaiser Aluminum by 13.3% in the second quarter. Penn Capital Management Company LLC now owns 139,243 shares of the industrial products company's stock valued at $11,013,000 after buying an additional 16,323 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of Kaiser Aluminum in the second quarter valued at approximately $80,000. Finally, Millennium Management LLC bought a new stake in shares of Kaiser Aluminum in the second quarter valued at approximately $1,599,000. Institutional investors and hedge funds own 99.59% of the company's stock.
About Kaiser Aluminum
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Kaiser Aluminum Corporation engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. The company offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.
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