Insider Selling: Kaiser Aluminum (NASDAQ:KALU) Director Sells 1,524 Shares of Stock

Kaiser Aluminum Corporation (NASDAQ:KALU) Director Richard Grimley sold 1,524 shares of the stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $171.52, for a total value of $261,396.48. Following the completion of the transaction, the director directly owned 4,578 shares of the company’s stock, valued at approximately $785,218.56. This represents a 24.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Kaiser Aluminum Price Performance

KALU traded up $3.29 on Friday, hitting $173.72. 250,642 shares of the company’s stock were exchanged, compared to its average volume of 241,653. Kaiser Aluminum Corporation has a fifty-two week low of $65.69 and a fifty-two week high of $181.47. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 18.92 and a beta of 1.39. The firm has a 50-day moving average price of $134.32 and a 200-day moving average price of $118.62. The company has a current ratio of 2.47, a quick ratio of 1.14 and a debt-to-equity ratio of 1.28.

Kaiser Aluminum (NASDAQ:KALU) last issued its earnings results on Wednesday, April 22nd. The industrial products company reported $3.74 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $1.78. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $948.50 million. Kaiser Aluminum had a net margin of 4.14% and a return on equity of 17.00%. The company’s quarterly revenue was up 42.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.44 earnings per share. As a group, equities analysts anticipate that Kaiser Aluminum Corporation will post 7.85 earnings per share for the current year.

Kaiser Aluminum Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Friday, April 24th. This represents a $3.08 dividend on an annualized basis and a yield of 1.8%. Kaiser Aluminum’s dividend payout ratio is presently 33.55%.

Institutional Trading of Kaiser Aluminum

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. First Horizon Corp purchased a new stake in shares of Kaiser Aluminum during the 3rd quarter valued at approximately $27,000. Hantz Financial Services Inc. grew its position in Kaiser Aluminum by 340.0% in the third quarter. Hantz Financial Services Inc. now owns 374 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 289 shares during the period. Farther Finance Advisors LLC increased its stake in Kaiser Aluminum by 389.3% during the fourth quarter. Farther Finance Advisors LLC now owns 274 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 218 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Kaiser Aluminum by 475.0% during the second quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 342 shares during the last quarter. Finally, Global Retirement Partners LLC raised its position in Kaiser Aluminum by 408.3% in the fourth quarter. Global Retirement Partners LLC now owns 366 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 294 shares during the period. Institutional investors and hedge funds own 99.29% of the company’s stock.

Key Headlines Impacting Kaiser Aluminum

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.

Wall Street Analyst Weigh In

KALU has been the subject of a number of analyst reports. Wells Fargo & Company upped their price target on Kaiser Aluminum from $125.00 to $137.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Weiss Ratings upgraded Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Wall Street Zen upgraded Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 18th. KeyCorp raised their target price on Kaiser Aluminum from $170.00 to $183.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Finally, Zacks Research lowered Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Kaiser Aluminum currently has a consensus rating of “Hold” and a consensus price target 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.