Insider Selling: Kaiser Aluminum (NASDAQ:KALU) Director Sells 15,000 Shares of Stock

Kaiser Aluminum Corporation (NASDAQ:KALU) Director Brett Wilcox sold 15,000 shares of the business’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $174.44, for a total value of $2,616,600.00. Following the transaction, the director owned 9,887 shares of the company’s stock, valued at approximately $1,724,688.28. The trade was a 60.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Kaiser Aluminum Trading Down 0.2%

KALU traded down $0.28 during trading hours on Wednesday, reaching $172.52. 245,386 shares of the company’s stock traded hands, compared to its average volume of 240,366. The firm has a 50-day moving average price of $132.79 and a 200 day moving average price of $117.88. Kaiser Aluminum Corporation has a 52-week low of $61.84 and a 52-week high of $181.47. The company has a quick ratio of 1.14, a current ratio of 2.47 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $2.82 billion, a PE ratio of 18.79 and a beta of 1.39.

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

Kaiser Aluminum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors 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 dividend yield of 1.8%. Kaiser Aluminum’s payout ratio is presently 33.55%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KALU. Zacks Research cut Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. JPMorgan Chase & Co. upped their target price on Kaiser Aluminum from $118.00 to $124.00 and gave the stock a “neutral” rating in a report on Monday, February 23rd. Weiss Ratings upgraded Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. KeyCorp upped their target price on Kaiser Aluminum from $170.00 to $183.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Finally, Wall Street Zen upgraded Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 18th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $148.00.

Institutional Investors Weigh In On Kaiser Aluminum

Several hedge funds have recently made changes to their positions in KALU. State Street Corp lifted its holdings in shares of Kaiser Aluminum by 31.9% in the 2nd quarter. State Street Corp now owns 1,154,415 shares of the industrial products company’s stock worth $92,238,000 after buying an additional 279,231 shares during the period. Tributary Capital Management LLC lifted its stake in shares of Kaiser Aluminum by 92.5% during the 3rd quarter. Tributary Capital Management LLC now owns 500,418 shares of the industrial products company’s stock worth $38,612,000 after purchasing an additional 240,518 shares during the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Kaiser Aluminum during the 3rd quarter worth $13,111,000. Brightline Capital Management LLC purchased a new stake in shares of Kaiser Aluminum during the 4th quarter worth $19,296,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Kaiser Aluminum by 111.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 179,781 shares of the industrial products company’s stock worth $20,650,000 after purchasing an additional 94,874 shares during the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

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.