Kaiser Aluminum Corp. CEO Jack A. Hockema unloads 5,000 shares

Kaiser Aluminum Corp. CEO Jack A. Hockema sold 5,000 shares of Kaiser Aluminum Corp. stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $73.51, for a total transaction of $367,550.00. Following the completion of the transaction, the chief executive officer now directly owns 23,190 shares of the company’s stock, valued at approximately $1,704,697. The sale was disclosed in a filing with the SEC, which is available at this link.

Kaiser Aluminum Corp. opened at 73.16 on Monday. Kaiser Aluminum Corp. it has a 1-year low of $62.09 and a 1-year high of $74.27. The stock has a 50-day moving average of $70.48 and a 200-day moving average of $70.3. The company has a market cap of $1.308 billion and a price-to-earnings ratio of 16.02.

Kaiser Aluminum Corp. last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.85 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.81 by $0.04. The company had revenue of $335.00 million for the quarter, compared to the consensus estimate of $320.28 million. During the same quarter last year, the company posted $1.03 earnings per share. Kaiser Aluminum Corp.’s revenue was down .6% compared to the same quarter last year. Analysts expect that Kaiser Aluminum Corp. will post $3.61 EPS for the current fiscal year.

Separately, analysts at Cowen and Company raised their price target on shares of Kaiser Aluminum Corp. from $73.00 to $76.00 in a research note on Friday, April 25th. They now have an “outperform” rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $75.90.

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