Kaiser Aluminum Corporation (NASDAQ:KALU) CEO Jack A. Hockema sold 9,000 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $102.67, for a total value of $924,030.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jack A. Hockema also recently made the following trade(s):

  • On Thursday, September 28th, Jack A. Hockema sold 5,982 shares of Kaiser Aluminum Corporation stock. The shares were sold at an average price of $102.66, for a total value of $614,112.12.
  • On Monday, July 10th, Jack A. Hockema sold 9,000 shares of Kaiser Aluminum Corporation stock. The shares were sold at an average price of $91.18, for a total value of $820,620.00.

Shares of Kaiser Aluminum Corporation (KALU) traded up 0.23% during trading on Friday, reaching $103.14. The company’s stock had a trading volume of 110,464 shares. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 22.65 and a beta of 0.54. Kaiser Aluminum Corporation has a one year low of $69.41 and a one year high of $104.02. The company has a 50-day moving average price of $96.60 and a 200-day moving average price of $87.27.

Kaiser Aluminum Corporation (NASDAQ:KALU) last posted its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.46. Kaiser Aluminum Corporation had a return on equity of 11.71% and a net margin of 5.87%. The business had revenue of $356.00 million for the quarter, compared to the consensus estimate of $349.62 million. During the same quarter in the prior year, the company earned $1.02 EPS. The business’s revenue was up 6.3% compared to the same quarter last year. On average, equities research analysts forecast that Kaiser Aluminum Corporation will post $5.47 earnings per share for the current fiscal year.

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Several brokerages have commented on KALU. BidaskClub raised Kaiser Aluminum Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 22nd. Cowen and Company lowered Kaiser Aluminum Corporation from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $96.00 to $97.00 in a research report on Monday, August 7th. They noted that the move was a valuation call. Deutsche Bank AG set a $100.00 price objective on Kaiser Aluminum Corporation and gave the company a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research raised Kaiser Aluminum Corporation from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a research report on Friday, July 28th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $87.00 price objective (up previously from $80.00) on shares of Kaiser Aluminum Corporation in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $95.57.

Several institutional investors and hedge funds have recently bought and sold shares of KALU. Great West Life Assurance Co. Can grew its position in shares of Kaiser Aluminum Corporation by 4.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 24,761 shares of the industrial products company’s stock worth $1,977,000 after buying an additional 1,143 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Kaiser Aluminum Corporation by 69.3% during the 1st quarter. First Trust Advisors LP now owns 30,799 shares of the industrial products company’s stock worth $2,461,000 after purchasing an additional 12,610 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Kaiser Aluminum Corporation by 1.5% during the 1st quarter. Bank of New York Mellon Corp now owns 338,868 shares of the industrial products company’s stock worth $27,075,000 after purchasing an additional 5,069 shares during the last quarter. Comerica Bank lifted its stake in shares of Kaiser Aluminum Corporation by 1.6% during the 1st quarter. Comerica Bank now owns 19,420 shares of the industrial products company’s stock worth $1,642,000 after purchasing an additional 313 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new stake in shares of Kaiser Aluminum Corporation during the 1st quarter worth $1,318,000. 98.04% of the stock is currently owned by institutional investors and hedge funds.

About Kaiser Aluminum Corporation

Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The Company operates in the Fabricated Products segment. The Company’s Fabricated Products segment focuses on producing rolled, extruded and drawn aluminum products used principally for aerospace and defense, automotive and general engineering products that include consumer durables, electronics, electrical and machinery and equipment applications.

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

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