Kaiser Aluminum (NASDAQ:KALU) Director Sells $2,616,600.00 in Stock

Kaiser Aluminum Corporation (NASDAQ:KALU) Director Brett Wilcox sold 15,000 shares of the business’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $174.44, for a total transaction of $2,616,600.00. Following the completion of the sale, the director directly owned 9,887 shares in the company, valued at $1,724,688.28. This trade represents a 60.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Kaiser Aluminum Trading Up 1.9%

Shares of Kaiser Aluminum stock opened at $173.72 on Friday. The firm has a market capitalization of $2.84 billion, a PE ratio of 18.92 and a beta of 1.60. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.47 and a quick ratio of 1.14. The company’s fifty day moving average price is $134.32 and its two-hundred day moving average price is $118.62. Kaiser Aluminum Corporation has a 52-week low of $65.69 and a 52-week high of $181.47.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $1.78. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $948.50 million. Kaiser Aluminum had a net margin of 4.14% and a return on equity of 17.00%. The business’s revenue for the quarter was up 42.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.44 EPS. On average, analysts expect that Kaiser Aluminum Corporation will post 7.85 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, April 24th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, April 24th. Kaiser Aluminum’s payout ratio is 33.55%.

Institutional Investors Weigh In On Kaiser Aluminum

Several large investors have recently made changes to their positions in KALU. Royal Bank of Canada grew its holdings in shares of Kaiser Aluminum by 212.6% in the 1st quarter. Royal Bank of Canada now owns 5,815 shares of the industrial products company’s stock worth $352,000 after purchasing an additional 3,955 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Kaiser Aluminum in the 1st quarter worth about $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Kaiser Aluminum by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,491 shares of the industrial products company’s stock worth $575,000 after buying an additional 397 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Kaiser Aluminum by 2.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,971 shares of the industrial products company’s stock worth $2,544,000 after acquiring an additional 1,084 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in Kaiser Aluminum by 323.6% during the 1st quarter. Jane Street Group LLC now owns 55,190 shares of the industrial products company’s stock worth $3,346,000 after acquiring an additional 42,160 shares during the last quarter. Institutional investors own 99.29% of the company’s stock.

More Kaiser Aluminum News

Here are the key news stories impacting Kaiser Aluminum this week:

• Positive Sentiment: Analyst support: several outlets and analysts have raised KALU price targets recently (including a notable lift cited on MSN), and Weiss Ratings moved the stock to a buy — these upgrades help justify the rally and reduce perceived downside. Read More.
• Positive Sentiment: Strong quarterly results: Kaiser reported a large beat (Q1 EPS $3.74 vs. ~$1.96 estimate and revenue of ~$1.11B, +42% y/y), supporting the company’s near?term earnings outlook and investor interest.
• Neutral Sentiment: Small leadership sale: SVP Iulian Gheorghe sold 175 shares (~$30k), an immaterial trade that likely has little impact on fundamentals. Read More.
• Neutral Sentiment: Director-level small sale: Director Richard P. Grimley sold 1,524 shares (~$261k); notable but not large enough alone to signal company stress. Read More.
• Neutral Sentiment: Minor CEO sale disclosure: a filing shows Keith Harvey sold a small block (3,031 shares) at roughly current prices — an item to monitor in context of larger transactions. Read More.
• Negative Sentiment: Large insider sell?off: multiple senior insiders have sold sizeable stakes (reports include CEO sales of larger blocks, a director sale of 15,000 shares, and a CFO sale), which markets and media have framed as a “wave” and which can amplify short?term selling pressure. Read More.
• Negative Sentiment: Headline risk from pundits and research: Jim Cramer publicly said he “can’t recommend” KALU, and JPMorgan reaffirmed an underweight with a price target below the current market price — both increase near?term narrative risk for the stock. Read More. Read More.

Analyst Ratings Changes

KALU has been the topic of several analyst reports. Wells Fargo & Company boosted their price target on shares of Kaiser Aluminum from $125.00 to $137.00 and gave the company an “equal weight” rating in a report on Wednesday, April 15th. Zacks Research lowered shares of Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Wall Street Zen raised shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 18th. Weiss Ratings raised shares of Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $142.00 target price (up from $124.00) on shares of Kaiser Aluminum in a report on Thursday. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $154.00.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation is a U.S.-based producer of semi?fabricated aluminum products, serving a diverse range of industrial and specialty markets. The company’s offerings include extruded, rolled, and forged aluminum products designed to meet stringent performance requirements in sectors such as aerospace, automotive, defense, electronics, and general engineering. By focusing on high?value applications, Kaiser Aluminum aims to deliver lightweight, durable solutions that contribute to efficiency and innovation across its customer base.

Operationally, Kaiser Aluminum maintains a network of smelters, extrusion plants, and rolling mills located primarily in North America.