Kaiser Aluminum CEO unloads $385,200 in stock

Kaiser Aluminum Corp. CEO Jack A. Hockema sold 5,000 shares of Kaiser Aluminum Corp. stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $77.04, for a total value of $385,200.00. Following the completion of the sale, the chief executive officer now directly owns 23,190 shares of the company’s stock, valued at approximately $1,786,558. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Kaiser Aluminum Corp. in a research note on Friday, July 25th. They now have a $85.00 price target on the stock, up previously from $80.00. Separately, analysts at Cowen and Company raised their price target on shares of Kaiser Aluminum Corp. from $76.00 to $83.00 in a research note on Friday, July 25th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks upgraded shares of Kaiser Aluminum Corp. from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 24th. They now have a $75.70 price target on the stock. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $79.94.

Kaiser Aluminum Corp. opened at 78.00 on Tuesday. Kaiser Aluminum Corp. has a 1-year low of $62.60 and a 1-year high of $78.24. The stock has a 50-day moving average of $73.36 and a 200-day moving average of $71.06. The company has a market cap of $1.383 billion and a P/E ratio of 15.68.

Kaiser Aluminum Corp. last announced its earnings results on Wednesday, July 23rd. The company reported $1.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.87 by $0.18. The company had revenue of $344.00 million for the quarter, compared to the consensus estimate of $334.89 million. During the same quarter last year, the company posted $0.91 earnings per share. Kaiser Aluminum Corp.’s revenue was up 2.7% compared to the same quarter last year. On average, analysts predict that Kaiser Aluminum Corp. will post $3.73 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, August 15th. Shareholders of record on Friday, July 25th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Wednesday, July 23rd.

Kaiser Aluminum Corporation is engaged in the production of semi-fabricated specialty aluminum products and operates in fabricated products segment.