Kaiser Aluminum Corp (NASDAQ: KALU) is 4.72% higher on its value in year-to-date trading and has touched a low of $53.67 and a high of $102.42 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The KALU stock was last observed hovering at around $74.24 in the last trading session, with the day’s gains setting it 0.31%.
Currently trading at $74.55, the stock is 5.83% and -8.27% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.1 million and changing 0.42% at the moment leaves the stock -4.89% off its SMA200. KALU registered -2.14% loss for a year compared to 6-month gain of 1.30%.
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The stock witnessed a -0.40% loss in the last 1 month and extending the period to 3 months gives it a -23.77%, and is 0.34% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.30% over the week and 3.01% over the month.
Kaiser Aluminum Corp (KALU) has around 4000 employees, a market worth around $1.20B and $2.98B in sales. Current P/E ratio is 29.66 and Fwd P/E is 13.30. Profit margin for the company is 1.37%. Distance from 52-week low is 38.92% and -27.21% from its 52-week high. The company has generated returns on investments over the last 12 months (2.35%).
with sales reaching $777.35M over the same period.The EPS is expected to grow by 17.92% this year, but quarterly earnings will post -0.60% year-over-year. Quarterly sales are estimated to shrink -1.40% in year-over-year returns.
Kaiser Aluminum Corp (KALU) Top Institutional Holders
308.0 institutions hold shares in Kaiser Aluminum Corp (KALU), with institutional investors hold 104.31% of the company’s shares. The shares outstanding are 16.02M, and float is at 15.69M with Short Float at 3.08%. Institutions hold 102.58% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 3.0 million shares valued at $263.64 million. The investor’s holdings represent 18.7139% of the KALU Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.09 million shares valued at $$184.06 million to account for 13.0653 of the shares outstanding. The other top investors are STATE STREET CORP which holds 0.94 million shares representing 5.8636% and valued at over $82.61 million, while VICTORY CAPITAL MANAGEMENT INC holds 5.8594 of the shares totaling 0.94 million with a market value of $82.55 million.
Kaiser Aluminum Corp (KALU) Insider Activity
The most recent transaction is an insider purchase by Harvey Keith,the company’sPresident & CEO. SEC filings show that Harvey Keith bought 2,588 shares of the company’s common stock on Jul 29 ’24 at a price of $77.23 per share for a total of $0.2 million. Following the purchase, the insider now owns 0.1 million shares.
Kaiser Aluminum Corp disclosed in a document filed with the SEC on May 15 ’24 that Parkinson Ray (SVP – AE & Innovation) sold a total of 3,254 shares of the company’s common stock. The trade occurred on May 15 ’24 and was made at $100.53 per share for $0.33 million. Following the transaction, the insider now directly holds 3178.0 shares of the KALU stock.
