GSA Capital Partners LLP acquired a new position in shares of Kaman Co. (NYSE:KAMN) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,942 shares of the industrial products company’s stock, valued at approximately $555,000.
Other hedge funds also recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in Kaman during the first quarter worth approximately $125,000. SG Americas Securities LLC lifted its position in Kaman by 52.8% during the first quarter. SG Americas Securities LLC now owns 3,232 shares of the industrial products company’s stock worth $201,000 after acquiring an additional 1,117 shares during the last quarter. Sei Investments Co. raised its position in shares of Kaman by 66.9% in the first quarter. Sei Investments Co. now owns 3,232 shares of the industrial products company’s stock valued at $201,000 after buying an additional 1,296 shares in the last quarter. Elkfork Partners LLC acquired a new stake in shares of Kaman in the fourth quarter valued at approximately $234,000. Finally, Koch Industries Inc. acquired a new stake in shares of Kaman in the fourth quarter valued at approximately $279,000. Hedge funds and other institutional investors own 89.34% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Kaman from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. ValuEngine upgraded shares of Kaman from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Northcoast Research downgraded shares of Kaman from a “buy” rating to a “neutral” rating and set a $65.00 price target for the company. in a research report on Thursday, March 15th.
In other news, CEO Neal J. Keating acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, May 11th. The shares were acquired at an average cost of $69.53 per share, with a total value of $139,060.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard J. Swift sold 2,500 shares of Kaman stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of $72.00, for a total transaction of $180,000.00. The disclosure for this sale can be found here. Insiders sold 26,653 shares of company stock worth $1,927,755 over the last three months. 2.38% of the stock is currently owned by insiders.
Kaman opened at $71.56 on Friday, according to MarketBeat. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.06 and a quick ratio of 1.87. Kaman Co. has a 1-year low of $47.66 and a 1-year high of $75.08. The company has a market capitalization of $2.04 billion, a PE ratio of 28.26 and a beta of 0.85.
Kaman (NYSE:KAMN) last announced its quarterly earnings data on Monday, May 7th. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.09. The business had revenue of $463.33 million for the quarter, compared to analysts’ expectations of $463.16 million. Kaman had a net margin of 3.14% and a return on equity of 11.59%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the firm posted $0.22 earnings per share. sell-side analysts anticipate that Kaman Co. will post 3.13 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 5th. Investors of record on Tuesday, June 19th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 18th. This represents a $0.80 dividend on an annualized basis and a yield of 1.12%. Kaman’s dividend payout ratio (DPR) is 35.87%.
Kaman Company Profile
Kaman Corporation operates in the aerospace and distribution markets. It operates through two segments, Distribution and Aerospace. The Distribution segment distributes electro-mechanical products; bearings; and power transmission, motion control, and electrical and fluid power components, as well as offers value-added services.
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