Here is the rundown on market activity for Kaiser Aluminum Corporation (NASDAQ:KALU). Carolyn Bartholomew, Director disclosed the sale of 1,000 shares of KALU stock. The shares were purchased at an average price of $92.00. Bartholomew now owns $1,319,648 of the stock per the Form 4 SEC filing. CEO Jack A. Hockema sold 9,000 shares at an average price of $91.18 on July 10th. Hockema now owns $7,286,467 of stock as reported to the SEC.
VP – Advanced Engineering Ray Parkinson let go of 2,000 shares at an average price of $80.75 on Thu the 11th. The VP – Advanced Engineering now owns $936,619 of the stock as recorded in a recent Form 4 SEC filing.
Kaiser Aluminum Corporation, launched on February 20, 1987, manufactures and sells semi-fabricated specialty aluminum mill products. It operates in the Fabricated Products segment. Fabricated Products segment focuses on producing rolled, extruded and drawn aluminum products used principally for aerospace and defense, automotive and general engineering products that include consumer durables, electronics, electrical and machinery and equipment applications. The Company offers its products for various end market applications, such as aerospace and high strength (Aero/HS products); automotive (Automotive Extrusions); general engineering (GE products), and other industrial (Other products). Its fabricated aluminum mill products include flat-rolled (plate and sheet), extruded (rod, bar, hollows and shapes), drawn (rod, bar, pipe and tube) and cast aluminum products..
Here are a few additional firms who have increased or decreased their stake in (KALU). Clinton Group Inc cut its position by shedding 630 shares a decrease of 6.5% in the quarter. Clinton Group Inc claims 8,994 shares with a value of $718,000. The total value of its holdings decreased 4.0%. Creative Planning downsized its stake by selling 112 shares a decrease of 62.2% from 03/31/2017 to 06/30/2017. Creative Planning controls 68 shares valued at $6,000. The value of the position overall is down by 57.1%.
As of the end of the quarter Bank Of Montreal /can/ had sold a total of 364 shares trimming its stake by 8.5%. The value in dollars went from $344,000 to $349,000 a change of 1.5% quarter to quarter. As of quarter end Capstone Asset Management Co had disposed of 320 shares trimming its position 8.4%. The value of the investment in KALU increased from $304,000 to $308,000 increasing 1.3% for the reporting period.
On December 14 the stock rating was downgraded to “Neutral” from “Outperform” in a report issued by Macquarie. Seaport Global began coverage of the stock with an initial rating of “Buy”.
Equity analyst Macquarie began coverage giving it an initial rating of “Outperform”. On July 20 the company was downgraded from “” to “Neutral” with a current price target of $92.00 in a report from Bank of America.
On May 19, 2016 Goldman Sachs added the stock to its research portfolio by announcing an initial rating of “Neutral” and projecting a price target of $9.00. On March 11 analysts at Credit Suisse starting coverage on KALU with a rating of “Neutral” and setting a price target of $85.00.
The company is now down since yesterday’s close of $91.15. Additionally the company announced a dividend which was paid on Monday the 15th of May 2017. The dividend payment was $0.500 per share for the quarter or $2.00 annualized. This dividend amount represented a yeild of $2.19. The ex-dividend date was Tuesday the 25th of April 2017.
It is trading at $90.47 which is slightly above the 50 day moving average of $84.23 and just a bit higher than the 200 day moving average of $81.02. The 50 day moving average moved up $6.24 whereas the 200 day moving average was up $9.45 or +11.67%.
The company’s P/E ratio is 15.94 and market cap is 1.56B. As of the latest earnings report the EPS was $5.68 and is projected to be $4.79 for the current year with 17,204,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $1.02 and the next full year EPS is projected to be $5.54.
Investors are feeling more bearish recently as shown by the uptick in short interest. The firm recorded a rise in short interest of 16.94% as of the latest report on May 31, 2017. Short shares increased from 1,052,040 to 1,230,303 over that period. The short-interest ratio decreased to 8.9 and the short interest percentage is 0.07% as of May 31.