Neal West Sells 5,000 Shares of Kaiser Aluminum (NASDAQ:KALU) Stock

Kaiser Aluminum Corporation (NASDAQ:KALU) CFO Neal West sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $121.72, for a total value of $608,600.00. Following the completion of the sale, the chief financial officer owned 12,775 shares in the company, valued at approximately $1,554,973. This represents a 28.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Kaiser Aluminum Price Performance

KALU traded up $3.65 during trading on Wednesday, reaching $132.12. 178,668 shares of the stock were exchanged, compared to its average volume of 214,847. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.95 and a quick ratio of 1.26. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 19.49 and a beta of 1.42. Kaiser Aluminum Corporation has a 1 year low of $46.81 and a 1 year high of $150.00. The business’s 50 day moving average price is $126.87 and its two-hundred day moving average price is $100.02.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.03). Kaiser Aluminum had a net margin of 3.34% and a return on equity of 12.69%. The firm had revenue of $929.00 million during the quarter, compared to analysts’ expectations of $902.00 million. During the same quarter in the prior year, the business earned $0.33 EPS. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Kaiser Aluminum Corporation will post 5.14 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 23rd were given a dividend of $0.77 per share. The ex-dividend date was Friday, January 23rd. This represents a $3.08 dividend on an annualized basis and a yield of 2.3%. Kaiser Aluminum’s payout ratio is presently 45.43%.

Hedge Funds Weigh In On Kaiser Aluminum

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Kaiser Aluminum by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 2,117,791 shares of the industrial products company’s stock worth $243,249,000 after buying an additional 5,823 shares during the period. State Street Corp increased its stake in shares of Kaiser Aluminum by 31.9% during the 2nd 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. Dimensional Fund Advisors LP lifted its holdings in shares of Kaiser Aluminum by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 831,652 shares of the industrial products company’s stock worth $95,528,000 after acquiring an additional 13,909 shares during the period. American Century Companies Inc. boosted its position in shares of Kaiser Aluminum by 9.8% in the third quarter. American Century Companies Inc. now owns 588,720 shares of the industrial products company’s stock worth $45,426,000 after acquiring an additional 52,512 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Kaiser Aluminum by 1.1% in the third quarter. Wellington Management Group LLP now owns 502,446 shares of the industrial products company’s stock worth $38,769,000 after acquiring an additional 5,623 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KALU. Zacks Research raised shares of Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. JPMorgan Chase & Co. raised their price target on Kaiser Aluminum from $118.00 to $124.00 and gave the stock a “neutral” rating in a research report on Monday. Wells Fargo & Company boosted their price target on Kaiser Aluminum from $120.00 to $125.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. Wall Street Zen lowered Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Kaiser Aluminum in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $107.67.

About Kaiser Aluminum

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.