Tributary Capital Management LLC Sells 8,575 Shares of Kaiser Aluminum Corporation (NASDAQ:KALU)

Tributary Capital Management LLC lessened its holdings in shares of Kaiser Aluminum Corporation (NASDAQ:KALU - Free Report) by 3.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 260,740 shares of the industrial products company's stock after selling 8,575 shares during the quarter. Tributary Capital Management LLC owned approximately 1.62% of Kaiser Aluminum worth $15,806,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in Kaiser Aluminum by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 298,318 shares of the industrial products company's stock worth $20,963,000 after buying an additional 3,816 shares during the period. Raymond James Financial Inc. acquired a new position in Kaiser Aluminum during the 4th quarter worth about $2,245,000. Amundi grew its position in Kaiser Aluminum by 196.0% in the 4th quarter. Amundi now owns 8,934 shares of the industrial products company's stock valued at $629,000 after acquiring an additional 5,916 shares in the last quarter. AlphaQuest LLC grew its stake in shares of Kaiser Aluminum by 497.2% in the fourth quarter. AlphaQuest LLC now owns 651 shares of the industrial products company's stock worth $46,000 after acquiring an additional 542 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new position in Kaiser Aluminum in the fourth quarter valued at $213,000. 99.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KALU has been the topic of a number of research reports. Wolfe Research raised shares of Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research note on Friday, April 11th. Wall Street Zen raised Kaiser Aluminum from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. JPMorgan Chase & Co. increased their price target on Kaiser Aluminum from $62.00 to $64.00 and gave the stock a "neutral" rating in a research note on Monday, April 28th. Finally, Benchmark reduced their target price on Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating on the stock in a report on Monday, April 21st.

Kaiser Aluminum Stock Down 0.5%

Shares of NASDAQ:KALU traded down $0.42 during midday trading on Friday, hitting $89.68. 136,117 shares of the stock were exchanged, compared to its average volume of 136,975. Kaiser Aluminum Corporation has a 52-week low of $46.81 and a 52-week high of $97.27. The business's fifty day simple moving average is $78.34 and its two-hundred day simple moving average is $70.53. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.27 and a current ratio of 2.67. The company has a market capitalization of $1.45 billion, a PE ratio of 33.59 and a beta of 1.44.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.91. The business had revenue of $777.40 million during the quarter, compared to analysts' expectations of $788.00 million. Kaiser Aluminum had a return on equity of 7.02% and a net margin of 1.43%. The firm's revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.02 EPS. As a group, research analysts predict that Kaiser Aluminum Corporation will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 25th will be given a $0.77 dividend. The ex-dividend date of this dividend is Friday, July 25th. This represents a $3.08 dividend on an annualized basis and a yield of 3.43%. Kaiser Aluminum's dividend payout ratio (DPR) is presently 115.36%.

About Kaiser Aluminum

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.