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

Tributary Capital Management LLC grew its holdings in Kaiser Aluminum Co. (NASDAQ:KALU) by 23.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 271,120 shares of the industrial products company’s stock after buying an additional 51,834 shares during the quarter. Kaiser Aluminum accounts for approximately 2.0% of Tributary Capital Management LLC’s holdings, making the stock its 8th biggest holding. Tributary Capital Management LLC’s holdings in Kaiser Aluminum were worth $24,227,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of Kaiser Aluminum by 400.0% in the 1st quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock valued at $48,000 after buying an additional 432 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Kaiser Aluminum in the 4th quarter valued at $51,000. Headlands Technologies LLC raised its stake in shares of Kaiser Aluminum by 131.8% in the 4th quarter. Headlands Technologies LLC now owns 1,544 shares of the industrial products company’s stock valued at $110,000 after buying an additional 878 shares in the last quarter. 180 Wealth Advisors LLC acquired a new stake in shares of Kaiser Aluminum during the 1st quarter worth about $210,000. Finally, New York State Teachers Retirement System increased its position in shares of Kaiser Aluminum by 11.3% during the 4th quarter. New York State Teachers Retirement System now owns 4,927 shares of the industrial products company’s stock worth $351,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Kaiser Aluminum Price Performance

NASDAQ:KALU traded down $0.63 during mid-day trading on Monday, reaching $87.27. 109,641 shares of the company were exchanged, compared to its average volume of 145,707. Kaiser Aluminum Co. has a 12 month low of $53.67 and a 12 month high of $102.42. The company has a fifty day moving average of $93.64 and a 200 day moving average of $80.82. The company has a quick ratio of 1.43, a current ratio of 2.66 and a debt-to-equity ratio of 1.56. The stock has a market cap of $1.40 billion, a PE ratio of 25.37 and a beta of 1.35.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.44. Kaiser Aluminum had a net margin of 1.85% and a return on equity of 8.40%. The firm had revenue of $738.00 million for the quarter, compared to analyst estimates of $733.34 million. During the same quarter in the prior year, the firm earned $0.99 EPS. The company’s revenue was down 8.7% on a year-over-year basis. On average, research analysts anticipate that Kaiser Aluminum Co. will post 4.12 EPS for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, April 25th were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date was Wednesday, April 24th. Kaiser Aluminum’s dividend payout ratio is currently 89.53%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on KALU shares. JPMorgan Chase & Co. increased their target price on shares of Kaiser Aluminum from $68.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. Benchmark reiterated a “buy” rating and set a $84.00 target price on shares of Kaiser Aluminum in a research report on Friday, April 19th.

Kaiser Aluminum Company 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.