Kaiser Aluminum (NASDAQ:KALU) EVP Blain Tiffany Sells 8,656 Shares

Kaiser Aluminum Corporation (NASDAQ:KALU) EVP Blain Tiffany sold 8,656 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $93.92, for a total value of $812,971.52. Following the completion of the transaction, the executive vice president directly owned 26,275 shares in the company, valued at approximately $2,467,748. The trade was a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kaiser Aluminum Stock Performance

Shares of NASDAQ KALU traded up $0.76 during trading on Monday, reaching $95.29. 152,484 shares of the company traded hands, compared to its average volume of 137,536. Kaiser Aluminum Corporation has a 12-month low of $46.81 and a 12-month high of $97.63. The company has a current ratio of 2.48, a quick ratio of 1.08 and a debt-to-equity ratio of 1.29. The stock has a market cap of $1.54 billion, a P/E ratio of 17.23 and a beta of 1.58. The firm’s fifty day simple moving average is $81.40 and its 200 day simple moving average is $78.50.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings results on Wednesday, April 2nd. The industrial products company reported $1.21 earnings per share (EPS) for the quarter. Kaiser Aluminum had a return on equity of 10.67% and a net margin of 2.85%.The company had revenue of $765.40 million during the quarter. As a group, research analysts anticipate that Kaiser Aluminum Corporation will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 24th will be given a $0.77 dividend. The ex-dividend date is Friday, October 24th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.2%. Kaiser Aluminum’s payout ratio is 55.70%.

Institutional Trading of Kaiser Aluminum

Several hedge funds have recently made changes to their positions in KALU. State Street Corp lifted its holdings in Kaiser Aluminum by 31.9% in the second quarter. State Street Corp now owns 1,154,415 shares of the industrial products company’s stock valued at $92,238,000 after acquiring an additional 279,231 shares during the last quarter. American Century Companies Inc. raised its holdings in Kaiser Aluminum by 7.4% in the 2nd quarter. American Century Companies Inc. now owns 536,208 shares of the industrial products company’s stock valued at $42,843,000 after buying an additional 36,894 shares during the period. Tributary Capital Management LLC increased its position in shares of Kaiser Aluminum by 92.5% during the third quarter. Tributary Capital Management LLC now owns 500,418 shares of the industrial products company’s stock valued at $38,612,000 after acquiring an additional 240,518 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Kaiser Aluminum by 5.1% in the 1st quarter. Wellington Management Group LLP now owns 454,114 shares of the industrial products company’s stock valued at $27,528,000 after acquiring an additional 22,134 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Kaiser Aluminum by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 391,601 shares of the industrial products company’s stock worth $31,292,000 after acquiring an additional 5,420 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Analyst Ratings Changes

KALU has been the subject of several recent analyst reports. Wells Fargo & Company boosted their price target on shares of Kaiser Aluminum from $90.00 to $108.00 and gave the stock an “overweight” rating in a report on Friday, October 24th. Weiss Ratings raised shares of Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, October 25th. Zacks Research raised Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. raised their price objective on Kaiser Aluminum from $82.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Finally, Wall Street Zen upgraded shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 25th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $95.67.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation, together with its subsidiaries, engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. It offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.