Virginia Retirement Systems ET AL bought a new position in shares of Kaman Corp. (NYSE:KAMN) during the second quarter, according to its most recent 13F filing with the SEC. The firm bought 16,000 shares of the company’s stock, valued at approximately $680,000. Virginia Retirement Systems ET AL owned 0.06% of Kaman Corp. at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Aperio Group LLC raised its stake in shares of 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. Virginia Retirement System bought a new stake in shares of Kaman Corp. during the first quarter worth $820,000. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of 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. BlackRock Group LTD raised its stake in shares of Kaman Corp. by 5.9% in the first quarter. BlackRock Group LTD now owns 32,387 shares of the company’s stock worth $1,382,000 after buying an additional 1,797 shares in the last quarter. Finally, BlackRock Fund Advisors raised its stake in shares of Kaman Corp. by 0.9% in the first quarter. BlackRock Fund Advisors now owns 1,694,972 shares of the company’s stock worth $72,358,000 after buying an additional 14,849 shares in the last quarter. 97.31% of the stock is owned by hedge funds and other institutional investors.
Shares of Kaman Corp. (NYSE:KAMN) opened at 43.95 on Tuesday. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 23.39 and a beta of 1.09. The stock has a 50 day moving average of $44.36 and a 200-day moving average of $42.89. Kaman Corp. has a 52 week low of $36.63 and a 52 week high of $45.62.
Kaman Corp. (NYSE:KAMN) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.64 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.64. Kaman Corp. had a net margin of 2.89% and a return on equity of 11.84%. The company earned $470.06 million during the quarter, compared to analysts’ expectations of $459.13 million. During the same quarter in the prior year, the company posted $0.63 EPS. The business’s revenue was up 5.3% on a year-over-year basis. Analysts expect that Kaman Corp. will post $2.55 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 6th. Stockholders of record on Tuesday, September 20th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Friday, September 16th. Kaman Corp.’s dividend payout ratio is 38.30%.
Separately, Zacks Investment Research raised shares of Kaman Corp. from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research note on Wednesday, September 28th.
In other Kaman Corp. news, VP John J. Tedone sold 9,442 shares of the firm’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 completion of the sale, the vice president now owns 19,190 shares in the company, valued at approximately $860,095.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Neal J. Keating acquired 2,000 shares of the stock in a transaction on Tuesday, August 2nd. The stock was bought at an average price of $42.65 per share, with a total value of $85,300.00. The disclosure for this purchase can be found here. 2.47% of the stock is currently owned by 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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