Kaiser Aluminum (NASDAQ:KALU) CEO Keith Harvey Sells 3,031 Shares

Key Points

• CEO insider sale: Kaiser Aluminum CEO Keith Harvey sold 3,031 shares on April 29 at an average of $173.13 for about $524,757 (and had sold 47,001 shares on April 27 for ~$8.23M), reducing his ownership to 94,308 shares (a 3.11% drop); the transactions form part of a broader senior insider sell‑off.
• Strong quarterly results: Kaiser reported Q1 EPS of $3.74 vs. a $1.96 consensus and revenue of $1.11B (+42% y/y), prompting several analyst upgrades even as the consensus rating remains a "Hold" with a $154 target.
• Dividend announced: The company declared a quarterly dividend of $0.77 (annualized $3.08), payable May 15, implying a yield of about 1.8% and a payout ratio near 33.6%.

Kaiser Aluminum Corporation (NASDAQ:KALU - Get Free Report) CEO Keith Harvey sold 3,031 shares of the company's stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $173.13, for a total value of $524,757.03. Following the completion of the sale, the chief executive officer owned 94,308 shares of the company's stock, valued at $16,327,544.04. This represents a 3.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Keith Harvey also recently made the following trade(s):

• On Monday, April 27th, Keith Harvey sold 47,001 shares of Kaiser Aluminum stock. The stock was sold at an average price of $175.09, for a total value of $8,229,405.09.

Kaiser Aluminum Stock Up 1.9%

Shares of NASDAQ:KALU traded up $3.29 during trading hours on Friday, hitting $173.72. The company's stock had a trading volume of 250,642 shares, compared to its average volume of 241,653. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 18.92 and a beta of 1.39. Kaiser Aluminum Corporation has a 52 week low of $65.69 and a 52 week high of $181.47. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.47 and a quick ratio of 1.14. The firm's fifty day moving average price is $134.32 and its 200 day moving average price is $118.62.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last announced its earnings results on Wednesday, April 22nd. The industrial products company reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $1.78. Kaiser Aluminum had a return on equity of 17.00% and a net margin of 4.14%.The business had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $948.50 million. During the same quarter last year, the firm earned $1.44 EPS. The business's revenue for the quarter was up 42.4% on a year-over-year basis. As a group, research analysts expect that Kaiser Aluminum Corporation will post 7.85 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, April 24th will be given a $0.77 dividend. The ex-dividend date of this dividend is Friday, April 24th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 1.8%. Kaiser Aluminum's payout ratio is presently 33.55%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in KALU. First Horizon Corp acquired a new position in shares of Kaiser Aluminum in the 3rd quarter valued at $27,000. Hantz Financial Services Inc. grew its stake in Kaiser Aluminum by 340.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 374 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 289 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Kaiser Aluminum by 389.3% in the fourth quarter. Farther Finance Advisors LLC now owns 274 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 218 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Kaiser Aluminum by 475.0% in the second quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 342 shares during the period. Finally, Global Retirement Partners LLC raised its stake in shares of Kaiser Aluminum by 408.3% in the fourth quarter. Global Retirement Partners LLC now owns 366 shares of the industrial products company's stock worth $42,000 after purchasing an additional 294 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KALU. Weiss Ratings upgraded shares of Kaiser Aluminum from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, April 24th. Wells Fargo & Company increased their price objective on Kaiser Aluminum from $125.00 to $137.00 and gave the company an "equal weight" rating in a report on Wednesday, April 15th. Wall Street Zen raised Kaiser Aluminum from a "buy" rating to a "strong-buy" rating in a research report on Saturday, April 18th. JPMorgan Chase & Co. restated an "underweight" rating and set a $142.00 target price (up from $124.00) on shares of Kaiser Aluminum in a research note on Thursday. Finally, Zacks Research lowered Kaiser Aluminum from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 13th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $154.00.

Kaiser Aluminum News Roundup

Here are the key news stories impacting Kaiser Aluminum this week:

• Positive Sentiment: Analyst support: several outlets and analysts have raised KALU price targets recently (including a notable lift cited on MSN), and Weiss Ratings moved the stock to a buy — these upgrades help justify the rally and reduce perceived downside. Read More.
• Positive Sentiment: Strong quarterly results: Kaiser reported a large beat (Q1 EPS $3.74 vs. ~$1.96 estimate and revenue of ~$1.11B, +42% y/y), supporting the company’s near‑term earnings outlook and investor interest.
• Neutral Sentiment: Small leadership sale: SVP Iulian Gheorghe sold 175 shares (~$30k), an immaterial trade that likely has little impact on fundamentals. Read More.
• Neutral Sentiment: Director-level small sale: Director Richard P. Grimley sold 1,524 shares (~$261k); notable but not large enough alone to signal company stress. Read More.
• Neutral Sentiment: Minor CEO sale disclosure: a filing shows Keith Harvey sold a small block (3,031 shares) at roughly current prices — an item to monitor in context of larger transactions. Read More.
• Negative Sentiment: Large insider sell‑off: multiple senior insiders have sold sizeable stakes (reports include CEO sales of larger blocks, a director sale of 15,000 shares, and a CFO sale), which markets and media have framed as a “wave” and which can amplify short‑term selling pressure. Read More.
• Negative Sentiment: Headline risk from pundits and research: Jim Cramer publicly said he “can’t recommend” KALU, and JPMorgan reaffirmed an underweight with a price target below the current market price — both increase near‑term narrative risk for the stock. Read More. Read More.

About Kaiser Aluminum

Kaiser Aluminum Corporation is a U.S.-based producer of semi‐fabricated aluminum products, serving a diverse range of industrial and specialty markets. The company's offerings include extruded, rolled, and forged aluminum products designed to meet stringent performance requirements in sectors such as aerospace, automotive, defense, electronics, and general engineering. By focusing on high‐value applications, Kaiser Aluminum aims to deliver lightweight, durable solutions that contribute to efficiency and innovation across its customer base.

Operationally, Kaiser Aluminum maintains a network of smelters, extrusion plants, and rolling mills located primarily in North America.

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