Los Angeles Capital Management & Equity Research Inc. lowered its position in Kaman Corp. (NYSE:KAMN) by 21.5% during the second quarter, Holdings Channel reports. The firm owned 7,070 shares of the company’s stock after selling 1,935 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Kaman Corp. were worth $301,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP boosted its stake in shares of 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 boosted its stake in shares of 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. purchased a new stake in shares of Kaman Corp. during the first quarter worth about $307,000. Aperio Group LLC boosted 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. Finally, Barclays PLC purchased a new stake in shares of Kaman Corp. during the first quarter worth about $415,000. 97.31% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kaman Corp. (NYSE:KAMN) traded down 0.02% during midday trading on Wednesday, hitting $43.74. The stock had a trading volume of 23,820 shares. The stock’s 50-day moving average price is $44.36 and its 200 day moving average price is $42.80. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 23.28 and a beta of 1.21. Kaman Corp. has a 52 week low of $35.09 and a 52 week high of $45.62.
Kaman Corp. (NYSE:KAMN) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.64 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.64. Kaman Corp. had a net margin of 2.89% and a return on equity of 11.84%. The business had revenue of $470.06 million for the quarter, compared to analysts’ expectations of $459.13 million. During the same quarter last year, the firm earned $0.63 EPS. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, equities analysts forecast that Kaman Corp. will post $2.55 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 6th. Investors of record on Tuesday, September 20th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 16th. This represents a $0.72 annualized dividend and a yield of 1.65%. Kaman Corp.’s payout ratio is 38.30%.
In other news, CEO Neal J. Keating acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was purchased at an average price of $42.65 per share, for a total transaction of $85,300.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP John J. Tedone sold 9,442 shares of the stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $44.82, for a total transaction of $423,190.44. Following the completion of the sale, the vice president now owns 19,190 shares of the company’s stock, valued at approximately $860,095.80. The disclosure for this sale can be found here. 2.47% of the stock is currently owned by corporate insiders.
About Kaman Corp.
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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