Kaiser Aluminum Corporation (KALU) VP Ray Parkinson Sells 2,000 Shares

Kaiser Aluminum Corporation (NASDAQ:KALU) VP Ray Parkinson sold 2,000 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $80.75, for a total transaction of $161,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Ray Parkinson also recently made the following trade(s):

  • On Wednesday, March 29th, Ray Parkinson sold 1,200 shares of Kaiser Aluminum Corporation stock. The stock was sold at an average price of $78.16, for a total transaction of $93,792.00.

Kaiser Aluminum Corporation (NASDAQ KALU) traded up 0.25% on Friday, reaching $85.65. 331,347 shares of the company were exchanged. The stock has a 50 day moving average of $83.44 and a 200 day moving average of $80.91. Kaiser Aluminum Corporation has a 12-month low of $69.41 and a 12-month high of $94.65. The firm has a market capitalization of $1.47 billion, a PE ratio of 15.09 and a beta of 0.56.

Kaiser Aluminum Corporation (NASDAQ:KALU) last issued its earnings results on Wednesday, April 19th. The industrial products company reported $1.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.40. The business had revenue of $355.30 million for the quarter, compared to the consensus estimate of $353.30 million. Kaiser Aluminum Corporation had a net margin of 7.55% and a return on equity of 10.73%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.51 earnings per share. Equities analysts anticipate that Kaiser Aluminum Corporation will post $4.82 EPS for the current year.

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Several research analysts have recently commented on KALU shares. TheStreet upgraded shares of Kaiser Aluminum Corporation from a “c” rating to a “b-” rating in a research note on Tuesday, February 21st. Sidoti upgraded shares of Kaiser Aluminum Corporation from a “neutral” rating to a “buy” rating and set a $109.00 price target on the stock in a research note on Monday, March 20th. BidaskClub upgraded shares of Kaiser Aluminum Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research upgraded shares of Kaiser Aluminum Corporation from a “sell” rating to a “hold” rating and set a $95.00 price target on the stock in a research note on Wednesday, April 26th. Finally, Cowen and Company increased their price target on shares of Kaiser Aluminum Corporation from $90.00 to $92.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Kaiser Aluminum Corporation has an average rating of “Hold” and a consensus target price of $92.14.

A number of institutional investors have recently modified their holdings of the company. Capital Fund Management S.A. increased its position in shares of Kaiser Aluminum Corporation by 84.7% in the third quarter. Capital Fund Management S.A. now owns 32,141 shares of the industrial products company’s stock worth $2,780,000 after buying an additional 14,741 shares during the last quarter. Mutual of America Capital Management LLC increased its position in shares of Kaiser Aluminum Corporation by 21.0% in the third quarter. Mutual of America Capital Management LLC now owns 106,612 shares of the industrial products company’s stock worth $9,221,000 after buying an additional 18,475 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Kaiser Aluminum Corporation by 1.7% in the third quarter. TIAA CREF Investment Management LLC now owns 103,577 shares of the industrial products company’s stock worth $8,958,000 after buying an additional 1,745 shares during the last quarter. Rhumbline Advisers increased its position in shares of Kaiser Aluminum Corporation by 8.5% in the third quarter. Rhumbline Advisers now owns 31,910 shares of the industrial products company’s stock worth $2,760,000 after buying an additional 2,496 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of Kaiser Aluminum Corporation by 1.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,990 shares of the industrial products company’s stock worth $345,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

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.

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