Richard Grimley Sells 1,524 Shares of Kaiser Aluminum (NASDAQ:KALU) Stock

Key Points

• Director Richard Grimley sold 1,524 shares of KALU on April 29 at an average price of $171.52 for about $261,396, reducing his stake by 24.98% to 4,578 shares, per an SEC filing.
• Kaiser reported a strong Q1 beat — EPS $3.74 vs. $1.96 estimate and revenue $1.11B (+42% y/y); the stock trades near $173.72 with a market cap around $2.84B.
• Insider selling has been broader, with multiple senior insiders offloading shares; analysts are mixed (average rating "Hold", consensus price target $154) and the company announced a $0.77 quarterly dividend (1.8% yield).

Kaiser Aluminum Corporation (NASDAQ:KALU - Get Free Report) Director Richard Grimley sold 1,524 shares of the company's stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $171.52, for a total transaction of $261,396.48. Following the completion of the sale, the director directly owned 4,578 shares in the company, valued at $785,218.56. This trade represents a 24.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kaiser Aluminum Stock Performance

KALU traded up $3.29 during midday trading on Friday, hitting $173.72. 250,642 shares of the company were exchanged, compared to its average volume of 241,653. The company's 50 day simple moving average is $134.32 and its 200 day simple moving average is $118.62. The firm 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 1-year low of $65.69 and a 1-year high of $181.47. The company has a current ratio of 2.47, a quick ratio of 1.14 and a debt-to-equity ratio of 1.28.

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

Kaiser Aluminum Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on KALU shares. KeyCorp raised their target price on Kaiser Aluminum from $170.00 to $183.00 and gave the company an "overweight" rating in a research report on Friday, April 24th. Zacks Research downgraded Kaiser Aluminum from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 13th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $142.00 price objective (up from $124.00) on shares of Kaiser Aluminum in a report on Thursday. Wall Street Zen upgraded Kaiser Aluminum from a "buy" rating to a "strong-buy" rating in a research report on Saturday, April 18th. Finally, Weiss Ratings raised Kaiser Aluminum from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, April 24th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $154.00.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. First Horizon Corp purchased a new position in Kaiser Aluminum in the 3rd quarter valued at about $27,000. Hantz Financial Services Inc. increased 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 worth $29,000 after buying an additional 289 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Kaiser Aluminum by 389.3% during the 4th quarter. Farther Finance Advisors LLC now owns 274 shares of the industrial products company's stock worth $31,000 after buying an additional 218 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Kaiser Aluminum by 475.0% during the second quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company's stock valued at $33,000 after acquiring an additional 342 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its position 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 valued at $42,000 after acquiring an additional 294 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company's stock.

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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