Tributary Capital Management LLC Has $24.23 Million Stock Holdings in Kaiser Aluminum Co. (NASDAQ:KALU)

Tributary Capital Management LLC raised its stake in Kaiser Aluminum Co. (NASDAQ:KALU) by 23.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 271,120 shares of the industrial products company’s stock after purchasing an additional 51,834 shares during the period. 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 owned 1.69% of Kaiser Aluminum worth $24,227,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC grew its position in shares of Kaiser Aluminum by 400.0% during 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 during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Kaiser Aluminum during the 4th quarter valued at about $51,000. Headlands Technologies LLC boosted its stake in Kaiser Aluminum by 131.8% during the 4th quarter. Headlands Technologies LLC now owns 1,544 shares of the industrial products company’s stock valued at $110,000 after purchasing an additional 878 shares during the period. 180 Wealth Advisors LLC acquired a new position in Kaiser Aluminum during the 1st quarter valued at about $210,000. Finally, New York State Teachers Retirement System boosted its stake in 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 valued at $351,000 after purchasing an additional 500 shares during the period. Institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Price Performance

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

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

Kaiser Aluminum Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KALU. Benchmark reissued a “buy” rating and set a $84.00 target price on shares of Kaiser Aluminum in a research note on Friday, April 19th. JPMorgan Chase & Co. boosted their target price on shares of Kaiser Aluminum from $68.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th.

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.