California Public Employees Retirement System grew its holdings in Kaman Co. (NYSE:KAMN) by 3.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 55,794 shares of the industrial products company’s stock after purchasing an additional 1,773 shares during the period. California Public Employees Retirement System owned approximately 0.20% of Kaman worth $3,283,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Cutler Group LP acquired a new stake in shares of Kaman during the 4th quarter valued at $129,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Kaman by 5.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,652 shares of the industrial products company’s stock valued at $132,000 after acquiring an additional 145 shares in the last quarter. CIBC Asset Management Inc acquired a new stake in shares of Kaman during the 4th quarter valued at $205,000. Amalgamated Bank acquired a new stake in shares of Kaman during the 3rd quarter valued at $208,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Kaman during the 3rd quarter valued at $225,000. Institutional investors own 93.83% of the company’s stock.
Several equities research analysts recently weighed in on the company. Northcoast Research downgraded Kaman from a “buy” rating to a “neutral” rating and set a $65.00 price objective on the stock. in a report on Thursday. Zacks Investment Research raised Kaman from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a report on Wednesday, January 24th.
In other Kaman news, Director Thomas W. Rabaut sold 10,000 shares of Kaman stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $60.25, for a total transaction of $602,500.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.38% of the stock is currently owned by insiders.
Shares of Kaman Co. (NYSE KAMN) opened at $62.41 on Friday. The company has a current ratio of 3.04, a quick ratio of 1.54 and a debt-to-equity ratio of 0.62. Kaman Co. has a twelve month low of $45.50 and a twelve month high of $63.89. The firm has a market capitalization of $1,716.99, a price-to-earnings ratio of 35.26 and a beta of 0.81.
Kaman (NYSE:KAMN) last released its quarterly earnings data on Tuesday, February 27th. The industrial products company reported $0.86 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.10). Kaman had a net margin of 2.76% and a return on equity of 10.43%. The firm had revenue of $473.90 million for the quarter, compared to analyst estimates of $493.10 million. During the same period last year, the business earned $0.56 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. research analysts forecast that Kaman Co. will post 3.1 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Tuesday, March 20th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Monday, March 19th. Kaman’s payout ratio is presently 45.20%.
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Kaman Company 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.
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