Public Employees Retirement System of Ohio grew its stake in shares of Kaman Corporation (NYSE:KAMN) by 5.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,652 shares of the industrial products company’s stock after acquiring an additional 145 shares during the period. Public Employees Retirement System of Ohio’s holdings in Kaman Corporation were worth $132,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in shares of Kaman Corporation in the 2nd quarter valued at about $104,000. Huntington National Bank boosted its holdings in shares of Kaman Corporation by 25.0% in the 2nd quarter. Huntington National Bank now owns 2,500 shares of the industrial products company’s stock valued at $125,000 after buying an additional 500 shares during the period. Flinton Capital Management LLC boosted its holdings in shares of Kaman Corporation by 67.7% in the 2nd quarter. Flinton Capital Management LLC now owns 3,706 shares of the industrial products company’s stock valued at $185,000 after buying an additional 1,496 shares during the period. Riverhead Capital Management LLC boosted its holdings in shares of Kaman Corporation by 69.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,730 shares of the industrial products company’s stock valued at $186,000 after buying an additional 1,530 shares during the period. Finally, Capstone Asset Management Co. acquired a new position in shares of Kaman Corporation in the 2nd quarter valued at about $200,000. 94.96% of the stock is owned by institutional investors.
Kaman Corporation (NYSE KAMN) opened at $56.88 on Friday. Kaman Corporation has a fifty-two week low of $45.50 and a fifty-two week high of $57.56. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.85 and a quick ratio of 1.35. The company has a market cap of $1,582.12, a PE ratio of 29.17 and a beta of 0.73.
Kaman Corporation (NYSE:KAMN) last posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.07. Kaman Corporation had a net margin of 2.90% and a return on equity of 9.30%. The business had revenue of $447.00 million during the quarter, compared to analyst estimates of $461.06 million. During the same period in the previous year, the business posted $0.64 EPS. The company’s quarterly revenue was down 1.4% on a year-over-year basis. analysts anticipate that Kaman Corporation will post 2.34 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Tuesday, December 19th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, December 18th. This represents a $0.80 annualized dividend and a yield of 1.41%. Kaman Corporation’s dividend payout ratio is presently 44.20%.
KAMN has been the subject of several research reports. Zacks Investment Research raised shares of Kaman Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. BidaskClub raised shares of Kaman Corporation from a “strong sell” rating to a “sell” rating in a report on Thursday, September 21st. Finally, Northcoast Research initiated coverage on shares of Kaman Corporation in a report on Tuesday, July 25th. They issued a “buy” rating and a $60.00 price target for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $56.67.
In related news, Director E Reeves Callaway III sold 2,697 shares of Kaman Corporation stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $56.41, for a total value of $152,137.77. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard J. Swift sold 1,235 shares of Kaman Corporation stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $56.00, for a total transaction of $69,160.00. Following the completion of the sale, the director now owns 18,702 shares in the company, valued at $1,047,312. The disclosure for this sale can be found here. Company insiders own 2.38% of the company’s stock.
Kaman Corporation Profile
Kaman Corporation conducts business in the aerospace and distribution markets. The Company operates through two segments: Distribution and Aerospace. The Company’s brands include KAflex, KAron and K-MAX. Distribution segment is a power transmission, motion control, and fluid power industrial distributor with operations throughout the United States.
Want to see what other hedge funds are holding KAMN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kaman Corporation (NYSE:KAMN).
Receive News & Ratings for Kaman Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kaman Corporation and related companies with MarketBeat.com's FREE daily email newsletter.