Kaiser Aluminum director sells 8,500 shares of stock

Kaiser Aluminum Corp. Director Leeuwen Thomas Melton Van unloaded 8,500 shares of Kaiser Aluminum Corp. stock on the open market in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $70.27, for a total transaction of $597,295.00. Following the completion of the sale, the director now directly owns 6,769 shares in the company, valued at approximately $475,658. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

KALU has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus raised their price target on shares of Kaiser Aluminum Corp. from $75.00 to $80.00 in a research note on Wednesday, January 15th. They now have a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of Kaiser Aluminum Corp. from an “underperform” rating to a “neutral” rating in a research note on Monday, December 23rd. They now have a $69.60 price target on the stock. Finally, analysts at Goldman Sachs initiated coverage on shares of Kaiser Aluminum Corp. in a research note on Friday, December 13th. They set a “neutral” rating on the stock. Four 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 an average rating of “Hold” and a consensus target price of $75.15.

Shares of Kaiser Aluminum Corp. traded up 0.03% on Monday, hitting $70.57. The stock had a trading volume of 118,878 shares. Kaiser Aluminum Corp. has a 52 week low of $57.67 and a 52 week high of $73.47. The stock’s 50-day moving average is $68.86 and its 200-day moving average is $68.96. The company has a market cap of $1.270 billion and a P/E ratio of 12.97.

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