Kaiser Aluminum Corp. (NASDAQ:KALU) VP Ray Parkinson Sells 2,594 Shares

Kaiser Aluminum Corp. (NASDAQ:KALU) VP Ray Parkinson sold 2,594 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $109.42, for a total value of $283,835.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Ray Parkinson also recently made the following trade(s):

  • On Monday, October 28th, Ray Parkinson sold 1,400 shares of Kaiser Aluminum stock. The stock was sold at an average price of $108.61, for a total value of $152,054.00.

Shares of KALU stock opened at $112.30 on Friday. Kaiser Aluminum Corp. has a 1-year low of $83.29 and a 1-year high of $114.99. The stock’s fifty day moving average price is $101.22 and its 200 day moving average price is $95.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.80 and a quick ratio of 2.71. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 17.36 and a beta of 1.11.

Kaiser Aluminum (NASDAQ:KALU) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $1.82 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.90 by ($0.08). Kaiser Aluminum had a return on equity of 14.99% and a net margin of 6.27%. The business had revenue of $375.00 million for the quarter, compared to analysts’ expectations of $393.94 million. During the same quarter last year, the firm earned $1.43 earnings per share. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Kaiser Aluminum Corp. will post 6.81 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 25th will be paid a dividend of $0.60 per share. The ex-dividend date is Thursday, October 24th. This represents a $2.40 annualized dividend and a yield of 2.14%. Kaiser Aluminum’s dividend payout ratio (DPR) is 37.09%.

A number of hedge funds have recently made changes to their positions in the stock. First Mercantile Trust Co. grew its stake in Kaiser Aluminum by 11.5% during the 3rd quarter. First Mercantile Trust Co. now owns 1,212 shares of the industrial products company’s stock worth $120,000 after buying an additional 125 shares during the last quarter. Arizona State Retirement System grew its stake in Kaiser Aluminum by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 25,020 shares of the industrial products company’s stock worth $2,442,000 after buying an additional 193 shares during the last quarter. First Trust Advisors LP grew its stake in Kaiser Aluminum by 5.2% during the 1st quarter. First Trust Advisors LP now owns 4,288 shares of the industrial products company’s stock worth $449,000 after buying an additional 211 shares during the last quarter. First Interstate Bank grew its stake in Kaiser Aluminum by 18.9% during the 2nd quarter. First Interstate Bank now owns 1,445 shares of the industrial products company’s stock worth $141,000 after buying an additional 230 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its stake in Kaiser Aluminum by 255.9% during the 3rd quarter. Meeder Asset Management Inc. now owns 420 shares of the industrial products company’s stock worth $41,000 after buying an additional 302 shares during the last quarter. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Several research analysts have recently commented on the company. Goldman Sachs Group raised Kaiser Aluminum from a “sell” rating to a “neutral” rating and set a $97.00 price target for the company in a research report on Thursday, August 8th. Zacks Investment Research lowered Kaiser Aluminum from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. ValuEngine raised Kaiser Aluminum from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, BidaskClub raised Kaiser Aluminum from a “sell” rating to a “hold” rating in a research report on Tuesday, September 10th.

About Kaiser Aluminum

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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