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

Kaiser Aluminum Co. (NASDAQ:KALU) CFO Neal E. West sold 400 shares of the business’s stock in a transaction on Monday, January 10th. The shares were sold at an average price of $100.25, for a total value of $40,100.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Kaiser Aluminum stock opened at $105.80 on Friday. Kaiser Aluminum Co. has a 52 week low of $84.78 and a 52 week high of $141.07. The business has a 50-day simple moving average of $97.99 and a 200 day simple moving average of $109.62. The company has a quick ratio of 1.82, a current ratio of 2.75 and a debt-to-equity ratio of 1.44. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of -117.56 and a beta of 1.24.

Kaiser Aluminum (NASDAQ:KALU) last posted its earnings results on Tuesday, October 19th. The industrial products company reported $0.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.32 by ($0.75). Kaiser Aluminum had a positive return on equity of 5.65% and a negative net margin of 0.68%. The business had revenue of $750.60 million for the quarter, compared to analysts’ expectations of $782.96 million. During the same quarter in the previous year, the firm earned $0.33 earnings per share. Kaiser Aluminum’s quarterly revenue was up 193.5% compared to the same quarter last year. On average, research analysts anticipate that Kaiser Aluminum Co. will post 2.96 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of KALU. Liberty Wealth Management LLC boosted its holdings in shares of Kaiser Aluminum by 101.6% in the 3rd quarter. Liberty Wealth Management LLC now owns 250 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 126 shares in the last quarter. William Blair Investment Management LLC purchased a new position in shares of Kaiser Aluminum in the 2nd quarter worth about $30,000. Dark Forest Capital Management LP purchased a new position in shares of Kaiser Aluminum in the 3rd quarter worth about $37,000. Stephenson National Bank & Trust purchased a new position in shares of Kaiser Aluminum in the 3rd quarter worth about $44,000. Finally, Fieldpoint Private Securities LLC boosted its holdings in shares of Kaiser Aluminum by 7,420.0% in the 2nd quarter. Fieldpoint Private Securities LLC now owns 376 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 371 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

KALU has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered Kaiser Aluminum from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $117.00 to $98.00 in a research note on Friday, December 10th. Zacks Investment Research cut Kaiser Aluminum from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 20th.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corp. engages in the manufacture and sale of semi-fabricated specialty aluminum products. The firm caters aerospace, general engineering, automotive, and custom industrial applications. Its products include plate, sheet, coil, hard alloy shapes, soft alloy extrusions, seamless & structural extruded, drawn tube, hard alloy rod, bar, wire and forge stock.

Further Reading: Arbitrage

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

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