On July 29, 2024, Keith Harvey, President & CEO of Kaiser Aluminum Corp (KALU, Financial), purchased 2,588 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns 103,550 shares of Kaiser Aluminum Corp.
Kaiser Aluminum Corp, a manufacturer of semi-fabricated specialty aluminum products, serves various industries including aerospace, automotive, and industrial applications. The company's shares were trading at $77.23 on the day of the transaction, giving it a market cap of approximately $1.23 billion.
The price-earnings ratio of Kaiser Aluminum Corp stands at 30.59, which is above both the industry median of 16.55 and the company's historical median. This valuation metric suggests a premium compared to industry standards.
According to the GF Value, an intrinsic value estimate used by GuruFocus, Kaiser Aluminum Corp has a GF Value of $73.42. With the current price of $77.23, the stock has a price-to-GF-Value ratio of 1.05, indicating that it is Fairly Valued.
The insider transaction history at Kaiser Aluminum Corp over the past year shows a cautious trend among insiders, with only 1 insider buy and 2 insider sells. The recent purchase by the insider might signal a positive outlook on the company's future performance.
This insider buying activity could be a point of interest for investors, especially considering the company's stable valuation metrics and the insider's increasing stake.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
