Kaiser Aluminum Corp. SVP Sells $175,425 in Stock (KALU)

Kaiser Aluminum Corp. SVP Pete Bunin sold 2,500 shares of Kaiser Aluminum Corp. stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $70.17, for a total transaction of $175,425.00. Following the completion of the transaction, the senior vice president now directly owns 39,844 shares of the company’s stock, valued at approximately $2,795,853. The sale was disclosed in a filing with the SEC, which is available at this link.

Kaiser Aluminum Corp. traded up 0.07% during mid-day trading on Friday, hitting $70.37. The stock had a trading volume of 122,867 shares. Kaiser Aluminum Corp. has a one year low of $60.26 and a one year high of $74.27. The stock’s 50-day moving average is $71.90 and its 200-day moving average is $69.43. The company has a market cap of $1.258 billion and a P/E ratio of 15.40.

Kaiser Aluminum Corp. last released its earnings data on Wednesday, April 23rd. The company reported $0.85 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $1.03 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. On average, analysts predict that Kaiser Aluminum Corp. will post $3.60 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, May 15th. Stockholders of record on Friday, April 25th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Wednesday, April 23rd.

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 stock. The stock currently has a consensus rating of “Hold” and an average target price of $75.90.

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