1 day Ago By ABMN Staff
Kaiser Aluminum Co. ( NASDAQ:KALU – Get Free Report ) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 412,400 shares, a decrease of 14.
6% from the August 15th total of 482,800 shares. Approximately 2.6% of the shares of the stock are short sold.
Based on an average daily trading volume, of 138,200 shares, the days-to-cover ratio is currently 3.0 days. Insider Transactions at Kaiser Aluminum In related news, CEO Keith Harvey purchased 2,588 shares of the company’s stock in a transaction that occurred on Monday, July 29th.
The shares were purchased at an average price of $77.23 per share, with a total value of $199,871.24.
Following the purchase, the chief executive officer now owns 103,550 shares of the company’s stock, valued at $7,997,166.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink .
Corporate insiders own 1.50% of the company’s stock. Institutional Trading of Kaiser Aluminum A number of hedge funds and other institutional investors have recently modified their holdings of the stock.
Vanguard Group Inc. lifted its holdings in Kaiser Aluminum by 0.6% in the fourth quarter.
Vanguard Group Inc. now owns 1,887,751 shares of the industrial products company’s stock valued at $134,389,000 after acquiring an additional 10,676 shares during the last quarter. UniSuper Management Pty Ltd acquired a new position in shares of Kaiser Aluminum in the 1st quarter valued at $593,000.
SageView Advisory Group LLC acquired a new position in shares of Kaiser Aluminum in the 1st quarter valued at $1,264,000. First Hawaiian Bank purchased a new position in shares of Kaiser Aluminum during the 2nd quarter worth $726,000. Finally, Russell Investments Group Ltd.
increased its position in shares of Kaiser Aluminum by 10.3% during the 1st quarter. Russell Investments Group Ltd.
now owns 226,171 shares of the industrial products company’s stock worth $20,211,000 after purchasing an additional 21,192 shares during the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth View Our Latest Analysis on KALU Kaiser Aluminum Price Performance Shares of Kaiser Aluminum stock traded up $0.65 during trading hours on Wednesday, reaching $70.18.
180,440 shares of the company’s stock were exchanged, compared to its average volume of 141,749. The company has a market capitalization of $1.13 billion, a P/E ratio of 20.
45 and a beta of 1.33. Kaiser Aluminum has a 1 year low of $53.
67 and a 1 year high of $102.42. The business has a fifty day moving average of $76.
41 and a two-hundred day moving average of $85.10. The company has a quick ratio of 1.
42, a current ratio of 2.55 and a debt-to-equity ratio of 1.57.
Kaiser Aluminum ( NASDAQ:KALU – Get Free Report ) last released its earnings results on Wednesday, July 24th. The industrial products company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.
94 by ($0.29). The business had revenue of $773.
40 million during the quarter, compared to analysts’ expectations of $773.89 million. Kaiser Aluminum had a return on equity of 6.
84% and a net margin of 1.37%. The company’s revenue for the quarter was down 5.
0% compared to the same quarter last year. During the same period last year, the business earned $1.26 earnings per share.
As a group, research analysts predict that Kaiser Aluminum will post 3.04 earnings per share for the current fiscal year. Kaiser Aluminum Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th.
Shareholders of record on Thursday, July 25th were issued a $0.77 dividend. This represents a $3.
08 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend was Thursday, July 25th.
Kaiser Aluminum’s payout ratio is currently 89.53%. About Kaiser Aluminum ( Get Free Report ) Kaiser Aluminum Corporation, together with its subsidiaries, engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally.
It offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products. Recommended Stories Receive News & Ratings for Kaiser Aluminum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kaiser Aluminum and related companies with MarketBeat.com's FREE daily email newsletter .
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