Neal E. West Sells 400 Shares of Kaiser Aluminum Co. (NASDAQ:KALU) Stock

Kaiser Aluminum Co. (NASDAQ:KALUGet Rating) CFO Neal E. West sold 400 shares of the company’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $78.32, for a total transaction of $31,328.00. Following the completion of the transaction, the chief financial officer now owns 2,180 shares of the company’s stock, valued at approximately $170,737.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Kaiser Aluminum Price Performance

Shares of NASDAQ:KALU opened at $74.18 on Friday. The company has a 50-day simple moving average of $74.87 and a 200-day simple moving average of $86.36. Kaiser Aluminum Co. has a one year low of $66.25 and a one year high of $119.66. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.42 and a current ratio of 2.28. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of -190.21 and a beta of 1.07.

Kaiser Aluminum (NASDAQ:KALUGet Rating) last posted its quarterly earnings results on Monday, July 25th. The industrial products company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.78). The firm had revenue of $954.20 million for the quarter, compared to analysts’ expectations of $889.59 million. Kaiser Aluminum had a positive return on equity of 1.33% and a negative net margin of 0.18%. The company’s revenue for the quarter was up 28.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.00 earnings per share. On average, analysts predict that Kaiser Aluminum Co. will post -0.91 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Monday, July 25th were issued a dividend of $0.77 per share. The ex-dividend date was Friday, July 22nd. This represents a $3.08 annualized dividend and a yield of 4.15%. Kaiser Aluminum’s dividend payout ratio is currently -789.74%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KALU. State Street Corp raised its holdings in Kaiser Aluminum by 30.6% during the first quarter. State Street Corp now owns 1,132,280 shares of the industrial products company’s stock worth $106,615,000 after purchasing an additional 265,426 shares in the last quarter. Granite Investment Partners LLC acquired a new position in Kaiser Aluminum during the first quarter worth about $24,930,000. William Blair Investment Management LLC grew its position in Kaiser Aluminum by 53.9% during the fourth quarter. William Blair Investment Management LLC now owns 398,015 shares of the industrial products company’s stock worth $37,390,000 after buying an additional 139,459 shares during the period. Penn Capital Management Company LLC acquired a new position in Kaiser Aluminum during the first quarter worth about $11,345,000. Finally, abrdn plc grew its position in Kaiser Aluminum by 24.6% during the fourth quarter. abrdn plc now owns 573,294 shares of the industrial products company’s stock worth $53,855,000 after buying an additional 113,130 shares during the period. 99.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on KALU. Benchmark decreased their price objective on shares of Kaiser Aluminum from $120.00 to $105.00 and set an “outperform” rating for the company in a research note on Wednesday, July 27th. StockNews.com cut shares of Kaiser Aluminum from a “hold” rating to a “sell” rating in a report on Monday, August 8th.

Kaiser Aluminum Company Profile

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

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Insider Buying and Selling by Quarter for Kaiser Aluminum (NASDAQ:KALU)

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