Kaiser Aluminum Corp. (KALU) VP Mark Krouse Sells 1,100 Shares
Kaiser Aluminum Corp. (NASDAQ:KALU) VP Mark Krouse sold 1,100 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $93.44, for a total value of $102,784.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of NASDAQ:KALU opened at $93.46 on Friday. The firm has a market cap of $1.52 billion, a P/E ratio of 14.45 and a beta of 0.97. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.29 and a quick ratio of 2.14. Kaiser Aluminum Corp. has a 12-month low of $83.29 and a 12-month high of $119.66.
Kaiser Aluminum (NASDAQ:KALU) last announced its earnings results on Tuesday, April 23rd. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.83 by $0.02. The business had revenue of $395.00 million during the quarter, compared to analyst estimates of $404.04 million. Kaiser Aluminum had a return on equity of 14.91% and a net margin of 5.90%. Kaiser Aluminum’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the company earned $1.60 EPS. Analysts expect that Kaiser Aluminum Corp. will post 7.11 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of KALU. Quantamental Technologies LLC bought a new position in shares of Kaiser Aluminum in the 4th quarter worth about $26,000. Fifth Third Bancorp raised its position in shares of Kaiser Aluminum by 66.8% in the 1st quarter. Fifth Third Bancorp now owns 402 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 161 shares in the last quarter. Advisor Group Inc. raised its position in shares of Kaiser Aluminum by 143.2% in the 1st quarter. Advisor Group Inc. now owns 1,391 shares of the industrial products company’s stock worth $146,000 after acquiring an additional 819 shares in the last quarter. BlueMountain Capital Management LLC bought a new position in shares of Kaiser Aluminum in the 1st quarter worth about $154,000. Finally, LS Investment Advisors LLC raised its position in shares of Kaiser Aluminum by 285.9% in the 4th quarter. LS Investment Advisors LLC now owns 1,914 shares of the industrial products company’s stock worth $171,000 after acquiring an additional 1,418 shares in the last quarter. 98.12% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently issued reports on KALU. Zacks Investment Research raised Kaiser Aluminum from a “sell” rating to a “hold” rating in a research report on Wednesday, February 27th. BidaskClub lowered Kaiser Aluminum from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Kaiser Aluminum has a consensus rating of “Hold” and an average target price of $110.33.
Kaiser Aluminum Company Profile
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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