California Public Employees Retirement System Buys 3,721 Shares of Kaman Co. (KAMN)

California Public Employees Retirement System boosted its stake in Kaman Co. (NYSE:KAMN) by 7.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 54,021 shares of the industrial products company’s stock after buying an additional 3,721 shares during the quarter. California Public Employees Retirement System owned approximately 0.19% of Kaman worth $3,013,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in Kaman in the 2nd quarter valued at $104,000. Public Employees Retirement System of Ohio raised its holdings in Kaman by 5.8% in 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 during the last quarter. Flinton Capital Management LLC raised its holdings in Kaman 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 acquiring an additional 1,496 shares during the last quarter. Riverhead Capital Management LLC raised its holdings in Kaman 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 acquiring an additional 1,530 shares during the last quarter. Finally, Amalgamated Bank acquired a new position in Kaman in the 3rd quarter valued at $208,000. 92.57% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director E Reeves Callaway III sold 2,697 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $56.41, for a total transaction of $152,137.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard J. Swift sold 1,235 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $56.00, for a total value of $69,160.00. Following the sale, the director now owns 18,702 shares of the company’s stock, valued at $1,047,312. The disclosure for this sale can be found here. Corporate insiders own 2.38% of the company’s stock.

Several brokerages have weighed in on KAMN. Zacks Investment Research upgraded Kaman from a “sell” rating to a “hold” rating in a report on Saturday, December 30th. BidaskClub upgraded Kaman from a “hold” rating to a “buy” rating in a report on Wednesday, October 4th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $60.00.

Shares of Kaman Co. (KAMN) opened at $60.42 on Monday. The company has a market capitalization of $1,680.58, a price-to-earnings ratio of 33.38 and a beta of 0.75. The company has a current ratio of 2.85, a quick ratio of 1.35 and a debt-to-equity ratio of 0.64. Kaman Co. has a twelve month low of $45.50 and a twelve month high of $60.60.

Kaman (NYSE:KAMN) last released its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.07. The business had revenue of $447.00 million during the quarter, compared to the consensus estimate of $461.06 million. Kaman had a return on equity of 9.30% and a net margin of 2.90%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 EPS. research analysts predict that Kaman Co. will post 2.34 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Tuesday, December 19th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, December 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.32%. Kaman’s payout ratio is 44.20%.

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About Kaman

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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Institutional Ownership by Quarter for Kaman (NYSE:KAMN)

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