Kaiser Aluminum Corporation (NASDAQ:KALU) VP Del L. Miller sold 817 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $97.07, for a total transaction of $79,306.19. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Del L. Miller also recently made the following trade(s):
- On Monday, July 24th, Del L. Miller sold 1,282 shares of Kaiser Aluminum Corporation stock. The stock was sold at an average price of $96.81, for a total transaction of $124,110.42.
Kaiser Aluminum Corporation (NASDAQ:KALU) traded down 0.46% on Friday, reaching $95.47. 150,166 shares of the company were exchanged. The firm has a 50-day moving average of $93.03 and a 200 day moving average of $84.11. Kaiser Aluminum Corporation has a 12-month low of $69.41 and a 12-month high of $98.72. The firm has a market capitalization of $1.61 billion, a P/E ratio of 20.97 and a beta of 0.54.
Kaiser Aluminum Corporation (NASDAQ:KALU) last announced its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.46. The firm had revenue of $356 million during the quarter, compared to analysts’ expectations of $349.62 million. Kaiser Aluminum Corporation had a net margin of 5.87% and a return on equity of 11.71%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.02 earnings per share. On average, equities analysts predict that Kaiser Aluminum Corporation will post $5.47 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Thursday, July 27th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, July 25th. This represents a $2.00 annualized dividend and a yield of 2.09%. Kaiser Aluminum Corporation’s payout ratio is 44.44%.
Kaiser Aluminum Corporation declared that its board has authorized a stock buyback plan on Monday, April 17th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the industrial products company to purchase up to 7.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
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Several brokerages have recently issued reports on KALU. Deutsche Bank AG restated a “buy” rating on shares of Kaiser Aluminum Corporation in a research note on Saturday, June 24th. Cowen and Company reiterated an “outperform” rating and issued a $96.00 price objective (up from $92.00) on shares of Kaiser Aluminum Corporation in a research note on Friday, April 21st. Zacks Investment Research upgraded shares of Kaiser Aluminum Corporation from a “sell” rating to a “hold” rating in a research note on Friday, July 14th. Morgan Stanley reiterated an “equal weight” rating and issued a $87.00 price objective (up from $80.00) on shares of Kaiser Aluminum Corporation in a research note on Tuesday, July 25th. Finally, BidaskClub lowered shares of Kaiser Aluminum Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $96.13.
A number of institutional investors have recently bought and sold shares of the stock. Highbridge Capital Management LLC bought a new position in Kaiser Aluminum Corporation during the fourth quarter valued at $291,000. Los Angeles Capital Management & Equity Research Inc. boosted its position in Kaiser Aluminum Corporation by 12.0% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 47,456 shares of the industrial products company’s stock valued at $3,792,000 after buying an additional 5,074 shares during the last quarter. Keybank National Association OH bought a new position in Kaiser Aluminum Corporation during the first quarter valued at $1,042,000. Prudential Financial Inc. boosted its position in Kaiser Aluminum Corporation by 13.0% in the first quarter. Prudential Financial Inc. now owns 35,319 shares of the industrial products company’s stock valued at $2,822,000 after buying an additional 4,060 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Kaiser Aluminum Corporation by 36,359.9% in the first quarter. Victory Capital Management Inc. now owns 498,407 shares of the industrial products company’s stock valued at $39,823,000 after buying an additional 497,040 shares during the last quarter. 98.74% of the stock is owned by institutional investors.
About Kaiser Aluminum Corporation
Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The Company operates in the Fabricated Products segment. The Company’s Fabricated Products segment focuses on producing rolled, extruded and drawn aluminum products used principally for aerospace and defense, automotive and general engineering products that include consumer durables, electronics, electrical and machinery and equipment applications.
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