Great West Life Assurance Co. Can continued to hold its position in shares of Kaman Corp. (NYSE:KAMN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,196 shares of the company’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in Kaman Corp. were worth $136,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of KAMN. Quantbot Technologies LP raised its position in Kaman Corp. by 71.7% in the second quarter. Quantbot Technologies LP now owns 2,436 shares of the company’s stock worth $103,000 after buying an additional 1,017 shares in the last quarter. Stevens First Principles Investment Advisors raised its position in Kaman Corp. by 13.7% in the second quarter. Stevens First Principles Investment Advisors now owns 5,285 shares of the company’s stock worth $225,000 after buying an additional 635 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new position in Kaman Corp. during the first quarter worth about $307,000. Los Angeles Capital Management & Equity Research Inc. raised its position in Kaman Corp. by 5.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 9,005 shares of the company’s stock worth $384,000 after buying an additional 465 shares in the last quarter. Finally, Aperio Group LLC raised its position in Kaman Corp. by 26.0% in the first quarter. Aperio Group LLC now owns 9,479 shares of the company’s stock worth $405,000 after buying an additional 1,953 shares in the last quarter. 97.31% of the stock is currently owned by institutional investors.
Kaman Corp. (NYSE:KAMN) traded down 0.18% during trading on Friday, hitting $44.01. The company had a trading volume of 109,912 shares. Kaman Corp. has a 12 month low of $35.09 and a 12 month high of $45.62. The company’s 50 day moving average price is $44.37 and its 200-day moving average price is $42.73. The company has a market cap of $1.19 billion, a PE ratio of 23.42 and a beta of 1.21.
Kaman Corp. (NYSE:KAMN) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.64 EPS for the quarter, hitting analysts’ consensus estimates of $0.64. Kaman Corp. had a net margin of 2.89% and a return on equity of 11.84%. The firm had revenue of $470.06 million for the quarter, compared to analyst estimates of $459.13 million. During the same quarter in the previous year, the business posted $0.63 EPS. The firm’s revenue was up 5.3% compared to the same quarter last year. Equities analysts expect that Kaman Corp. will post $2.55 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 6th. Shareholders of record on Tuesday, September 20th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 16th. This represents a $0.72 dividend on an annualized basis and a yield of 1.64%. Kaman Corp.’s dividend payout ratio is currently 38.30%.
In other news, VP John J. Tedone sold 9,442 shares of the company’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $44.82, for a total value of $423,190.44. Following the sale, the vice president now owns 19,190 shares in the company, valued at approximately $860,095.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Neal J. Keating bought 2,000 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The stock was bought at an average price of $42.65 per share, for a total transaction of $85,300.00. The disclosure for this purchase can be found here. 2.47% of the stock is currently owned by company insiders.
Kaman Corp. Company Profile
Kaman Corporation conducts business in the aerospace and distribution markets. The Company operates through two segments: Distribution and Aerospace. Its Distribution segment is a power transmission, motion control, electrical and automation, and fluid power industrial distributor. It provides products, including bearings, mechanical and electrical power transmission, fluid power, motion control, automation, material handling components, electrical control and power distribution, and maintenance, repair and overhaul (MRO) supplies to a spectrum of industrial markets.
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