Kaiser Aluminum Corp (KALU): Daniel J Rinkenberger , EVP & CFO of Kaiser Aluminum Corp sold 803 shares on May 5, 2016. The Insider selling transaction was reported by the company on May 6, 2016 to the Securities and Exchange Commission. The shares were sold at $90.05 per share for a total value of $72,307.02 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 6, 2016, John Malcolm Donnan (EVP – Legal, Compliance & HR) sold 5,915 shares at $89.93 per share price.On May 6, 2016, Melinda C Ellsworth (VP IR & Corp. Communications) sold 1,100 shares at $91.33 per share price.Also, On May 5, 2016, Jack A Hockema (CEO) sold 8,037 shares at $90.70 per share price.On May 5, 2016, Neal E West (VP & Chief Accounting Officer) sold 3,000 shares at $92.00 per share price.
Shares of Kaiser Aluminum Corp. (KALU) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -1.59 points or -1.73% at $90.56 with 2,42,677 shares getting traded. Post opening the session at $91.19, the shares hit an intraday low of $90.26 and an intraday high of $92.18 and the price vacillated in this range throughout the day. The company has a market cap of $1,629 M and the number of outstanding shares has been calculated to be 1,79,82,909 shares. The 52-week high of Kaiser Aluminum Corp. is $96.06 and the 52-week low is $70.14.
Company has been under the radar of several Street Analysts.Kaiser Aluminum Corp. is Reiterated by Deutsche Bank to Buy and the brokerage firm has raised the Price Target to $ 100 from a previous price target of $90 .The Rating was issued on Apr 25, 2016.Kaiser Aluminum Corp. is Reiterated by Cowen to Outperform and the brokerage firm has raised the Price Target to $ 90 from a previous price target of $86 .The Rating was issued on Apr 22, 2016.Kaiser Aluminum Corp. is Initiated by Credit Suisse to Neutral. The Rating was issued on Mar 11, 2016.Kaiser Aluminum Corp. is Upgraded by Deutsche Bank to Buy and the brokerage firm has raised the Price Target to $ 90 from a previous price target of $85 .Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Mar 1, 2016.Kaiser Aluminum Corp. is Reiterated by Cowen to Outperform while Lowering the Price Target of the company shares to $ 86 from a previous price target of $88 . The Rating was issued on Feb 18, 2016.
Kaiser Aluminum Corporation is engaged in the production of semi-fabricated specialty aluminum products. The Company manufactures rolled extruded and drawn aluminum products to serve fits end market applications such as aerospace and high strength products (Aero/HS products) extrusions for automotive applications (Automotive Extrusions) general engineering products (GE products) and other industrial products (Other products). The Company operates around 11 production facilities in the United States and one in Canada. Its Fabricated Products segment produces rolled extruded and drawn aluminum products for aerospace and defense automotive consumer durables electronics electrical and machinery and equipment applications. Its Aero/HS products include heat treat plate and sheet as well as cold finish rod and bar seamless drawn tube hard alloy extrusions and billet that are manufactured for the global aerospace and defense industries.