Kaiser Aluminum Corp. CEO sells 5,000 shares of stock

Kaiser Aluminum Corp. CEO Jack A. Hockema unloaded 5,000 shares of the stock on the open market in a transaction dated Monday, December 1st. The stock was sold at an average price of $73.13, for a total value of $365,650.00. Following the transaction, the chief executive officer now directly owns 23,190 shares of the company’s stock, valued at approximately $1,695,885. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Kaiser Aluminum Corp. traded up 0.01% during mid-day trading on Tuesday, hitting $73.17. 292,088 shares of the company’s stock traded hands. Kaiser Aluminum Corp. has a 1-year low of $66.43 and a 1-year high of $81.62. The stock’s 50-day moving average is $71.8 and its 200-day moving average is $74.2. The company has a market cap of $1.293 billion and a P/E ratio of 16.44.

Kaiser Aluminum Corp. last announced its earnings results on Monday, October 20th. The company reported $0.79 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.02 by $0.23. The company had revenue of $339.00 million for the quarter, compared to the consensus estimate of $341.30 million. During the same quarter last year, the company posted $1.34 earnings per share. Kaiser Aluminum Corp.’s revenue was up 5.9% compared to the same quarter last year. On average, analysts predict that Kaiser Aluminum Corp. will post $3.37 earnings per share for the current fiscal year.

A number of research firms have recently commented on KALU. Analysts at Zacks downgraded shares of Kaiser Aluminum Corp. from an “outperform” rating to a “neutral” rating in a research note on Thursday, October 23rd. They now have a $83.70 price target on the stock. Analysts at Tigress Financial initiated coverage on shares of Kaiser Aluminum Corp. in a research note on Tuesday, September 23rd. They set a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $82.43.

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