Kaiser Aluminum (NASDAQ:KALU) Director Richard Grimley Sells 1,524 Shares of Stock

Kaiser Aluminum Corporation (NASDAQ:KALU) Director Richard Grimley sold 1,524 shares of the company’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $171.52, for a total transaction of $261,396.48. Following the sale, the director directly owned 4,578 shares in the company, valued at approximately $785,218.56. This trade represents a 24.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Kaiser Aluminum Price Performance

NASDAQ KALU opened at $173.72 on Friday. The company has a market cap of $2.84 billion, a PE ratio of 18.92 and a beta of 1.39. Kaiser Aluminum Corporation has a 52 week low of $65.69 and a 52 week high of $181.47. The company has a quick ratio of 1.14, a current ratio of 2.47 and a debt-to-equity ratio of 1.28. The firm’s 50-day simple moving average is $134.32 and its two-hundred day simple moving average is $118.62.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $3.74 EPS for the quarter, beating the consensus estimate of $1.96 by $1.78. Kaiser Aluminum had a net margin of 4.14% and a return on equity of 17.00%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $948.50 million. During the same period in the prior year, the firm earned $1.44 earnings per share. The company’s revenue was up 42.4% compared to the same quarter last year. Research analysts predict that Kaiser Aluminum Corporation will post 7.85 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, April 24th will be paid a $0.77 dividend. The ex-dividend date is Friday, April 24th. This represents a $3.08 annualized dividend and a yield of 1.8%. Kaiser Aluminum’s dividend payout ratio is currently 33.55%.

Institutional Trading of Kaiser Aluminum

Institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. boosted its stake in Kaiser Aluminum by 127.3% during the 3rd quarter. Citigroup Inc. now owns 34,456 shares of the industrial products company’s stock valued at $2,659,000 after purchasing an additional 19,294 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Kaiser Aluminum in the 4th quarter worth about $5,018,000. First National Bank of Omaha bought a new stake in Kaiser Aluminum in the 3rd quarter worth about $603,000. AlphaQuest LLC increased its holdings in Kaiser Aluminum by 1,096.2% in the 3rd quarter. AlphaQuest LLC now owns 22,453 shares of the industrial products company’s stock worth $1,732,000 after buying an additional 20,576 shares in the last quarter. Finally, Bright Futures Wealth Management LLC. bought a new stake in Kaiser Aluminum in the 3rd quarter worth about $908,000. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on KALU shares. Wall Street Zen upgraded shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. KeyCorp increased their price objective on Kaiser Aluminum from $170.00 to $183.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Wells Fargo & Company increased their price objective on Kaiser Aluminum from $125.00 to $137.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. Zacks Research lowered Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Weiss Ratings raised Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $154.00.

Kaiser Aluminum News Summary

Here are the key news stories impacting Kaiser Aluminum this week:

• Positive Sentiment: Analyst support: several outlets and analysts have raised KALU price targets recently (including a notable lift cited on MSN), and Weiss Ratings moved the stock to a buy — these upgrades help justify the rally and reduce perceived downside. Read More.
• Positive Sentiment: Strong quarterly results: Kaiser reported a large beat (Q1 EPS $3.74 vs. ~$1.96 estimate and revenue of ~$1.11B, +42% y/y), supporting the company’s near‑term earnings outlook and investor interest.
• Neutral Sentiment: Small leadership sale: SVP Iulian Gheorghe sold 175 shares (~$30k), an immaterial trade that likely has little impact on fundamentals. Read More.
• Neutral Sentiment: Director-level small sale: Director Richard P. Grimley sold 1,524 shares (~$261k); notable but not large enough alone to signal company stress. Read More.
• Neutral Sentiment: Minor CEO sale disclosure: a filing shows Keith Harvey sold a small block (3,031 shares) at roughly current prices — an item to monitor in context of larger transactions. Read More.
• Negative Sentiment: Large insider sell‑off: multiple senior insiders have sold sizeable stakes (reports include CEO sales of larger blocks, a director sale of 15,000 shares, and a CFO sale), which markets and media have framed as a “wave” and which can amplify short‑term selling pressure. Read More.
• Negative Sentiment: Headline risk from pundits and research: Jim Cramer publicly said he “can’t recommend” KALU, and JPMorgan reaffirmed an underweight with a price target below the current market price — both increase near‑term narrative risk for the stock. Read More. Read More.

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.