Insider Selling: Kaiser Aluminum Co. (NASDAQ:KALU) CFO Sells $40,100.00 in Stock

Kaiser Aluminum Co. (NASDAQ:KALU) CFO Neal E. West sold 400 shares of the company’s stock in a transaction on Monday, January 10th. The shares were sold at an average price of $100.25, for a total value of $40,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

KALU opened at $105.80 on Friday. The firm has a market cap of $1.68 billion, a P/E ratio of -117.56 and a beta of 1.24. Kaiser Aluminum Co. has a 52-week low of $84.78 and a 52-week high of $141.07. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.82 and a current ratio of 2.75. The business’s fifty day moving average is $97.99 and its 200-day moving average is $109.62.

Kaiser Aluminum (NASDAQ:KALU) last released its earnings results on Tuesday, October 19th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.75). The company had revenue of $750.60 million for the quarter, compared to analyst estimates of $782.96 million. Kaiser Aluminum had a positive return on equity of 5.65% and a negative net margin of 0.68%. The business’s revenue for the quarter was up 193.5% compared to the same quarter last year. During the same period last year, the company posted $0.33 earnings per share. On average, research analysts predict that Kaiser Aluminum Co. will post 2.96 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Kaiser Aluminum by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,883,302 shares of the industrial products company’s stock worth $232,569,000 after purchasing an additional 50,342 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Kaiser Aluminum by 9.2% during the 3rd quarter. Victory Capital Management Inc. now owns 864,530 shares of the industrial products company’s stock worth $94,199,000 after buying an additional 72,692 shares during the last quarter. Macquarie Group Ltd. lifted its position in shares of Kaiser Aluminum by 0.8% during the 3rd quarter. Macquarie Group Ltd. now owns 803,610 shares of the industrial products company’s stock worth $87,561,000 after buying an additional 6,533 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its position in shares of Kaiser Aluminum by 7.8% during the 2nd quarter. Silvercrest Asset Management Group LLC now owns 472,159 shares of the industrial products company’s stock worth $58,307,000 after buying an additional 34,275 shares during the last quarter. Finally, abrdn plc lifted its position in shares of Kaiser Aluminum by 11.3% during the 2nd quarter. abrdn plc now owns 454,859 shares of the industrial products company’s stock worth $56,210,000 after buying an additional 46,039 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

A number of research analysts have commented on KALU shares. Zacks Investment Research lowered Kaiser Aluminum from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 20th. JPMorgan Chase & Co. lowered Kaiser Aluminum from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $117.00 to $98.00 in a report on Friday, December 10th.

About Kaiser Aluminum

Kaiser Aluminum Corp. engages in the manufacture and sale of semi-fabricated specialty aluminum products. The firm caters aerospace, general engineering, automotive, and custom industrial applications. Its products include plate, sheet, coil, hard alloy shapes, soft alloy extrusions, seamless & structural extruded, drawn tube, hard alloy rod, bar, wire and forge stock.

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Insider Buying and Selling by Quarter for Kaiser Aluminum (NASDAQ:KALU)

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