Kaiser Aluminum Co. (NASDAQ:KALU) Shares Purchased by Tributary Capital Management LLC

Tributary Capital Management LLC increased its stake in Kaiser Aluminum Co. (NASDAQ:KALU) by 9.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 269,315 shares of the industrial products company’s stock after purchasing an additional 22,839 shares during the period. Tributary Capital Management LLC owned 1.67% of Kaiser Aluminum worth $18,925,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. QRG Capital Management Inc. raised its stake in shares of Kaiser Aluminum by 6.0% in the third quarter. QRG Capital Management Inc. now owns 3,810 shares of the industrial products company’s stock worth $276,000 after purchasing an additional 214 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Kaiser Aluminum by 5.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,893 shares of the industrial products company’s stock worth $694,000 after buying an additional 394 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in Kaiser Aluminum during the 3rd quarter valued at approximately $41,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in Kaiser Aluminum by 20.2% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,597 shares of the industrial products company’s stock valued at $261,000 after acquiring an additional 605 shares during the period. Finally, CWM LLC boosted its holdings in shares of Kaiser Aluminum by 125.3% in the 3rd quarter. CWM LLC now owns 1,282 shares of the industrial products company’s stock valued at $93,000 after acquiring an additional 713 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Trading Down 1.1 %

Shares of Kaiser Aluminum stock opened at $72.44 on Friday. The stock has a market cap of $1.17 billion, a PE ratio of 25.07 and a beta of 1.35. The firm has a fifty day moving average price of $75.23 and a 200 day moving average price of $75.48. Kaiser Aluminum Co. has a 1 year low of $60.71 and a 1 year high of $102.42. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.60 and a quick ratio of 1.36.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.16). The company had revenue of $748.00 million during the quarter, compared to analyst estimates of $793.30 million. Kaiser Aluminum had a net margin of 1.59% and a return on equity of 6.92%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the firm earned $0.46 EPS. Equities research analysts predict that Kaiser Aluminum Co. will post 2.63 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 24th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $3.08 annualized dividend and a yield of 4.25%. Kaiser Aluminum’s dividend payout ratio is presently 106.57%.

Kaiser Aluminum Profile

Kaiser Aluminum Corporation, together with its subsidiaries, engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. It offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.