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

Tributary Capital Management LLC boosted its position in Kaiser Aluminum Co. (NASDAQ:KALU) by 9.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 269,315 shares of the industrial products company’s stock after purchasing an additional 22,839 shares during the quarter. Tributary Capital Management LLC’s holdings in Kaiser Aluminum were worth $18,925,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KALU. Bank of Montreal Can grew its stake in Kaiser Aluminum by 368.0% during the 2nd quarter. Bank of Montreal Can now owns 65,877 shares of the industrial products company’s stock valued at $5,917,000 after acquiring an additional 51,802 shares in the last quarter. Systematic Financial Management LP boosted its holdings in shares of Kaiser Aluminum by 12.2% during the 3rd quarter. Systematic Financial Management LP now owns 234,917 shares of the industrial products company’s stock worth $17,036,000 after purchasing an additional 25,494 shares during the last quarter. Intech Investment Management LLC grew its position in shares of Kaiser Aluminum by 578.6% in the third quarter. Intech Investment Management LLC now owns 28,991 shares of the industrial products company’s stock valued at $2,102,000 after purchasing an additional 24,719 shares in the last quarter. NFJ Investment Group LLC increased its holdings in shares of Kaiser Aluminum by 20.8% in the third quarter. NFJ Investment Group LLC now owns 137,856 shares of the industrial products company’s stock valued at $9,997,000 after purchasing an additional 23,771 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in Kaiser Aluminum by 87.4% during the second quarter. Thrivent Financial for Lutherans now owns 50,526 shares of the industrial products company’s stock worth $4,441,000 after buying an additional 23,567 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Stock Down 1.1 %

Shares of NASDAQ:KALU opened at $72.44 on Friday. Kaiser Aluminum Co. has a 52-week low of $60.71 and a 52-week high of $102.42. The stock has a market cap of $1.17 billion, a P/E ratio of 25.07 and a beta of 1.35. The business has a fifty day moving average of $75.23 and a two-hundred day moving average of $75.48. The company has a quick ratio of 1.36, a current ratio of 2.60 and a debt-to-equity ratio of 1.56.

Kaiser Aluminum (NASDAQ:KALU) last released 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 firm had revenue of $748.00 million for the quarter, compared to analyst estimates of $793.30 million. Kaiser Aluminum had a return on equity of 6.92% and a net margin of 1.59%. Kaiser Aluminum’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 earnings per share. On average, research analysts expect that Kaiser Aluminum Co. will post 2.63 earnings per share for the current year.

Kaiser Aluminum Announces Dividend

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