Dimensional Fund Advisors LP boosted its stake in shares of Kaman Corp. (NYSE:KAMN) by 2.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,316,817 shares of the company’s stock after buying an additional 36,297 shares during the period. Dimensional Fund Advisors LP owned 4.86% of Kaman Corp. worth $55,991,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of KAMN. Quantbot Technologies LP boosted its stake in 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 during the last quarter. Bruderman Asset Management LLC boosted its stake in Kaman Corp. by 64.7% in the second quarter. Bruderman Asset Management LLC now owns 3,287 shares of the company’s stock worth $140,000 after buying an additional 1,291 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Kaman Corp. by 77.2% in the second quarter. Victory Capital Management Inc. now owns 3,465 shares of the company’s stock worth $147,000 after buying an additional 1,510 shares during the last quarter. Stevens First Principles Investment Advisors boosted its stake in 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 during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Kaman Corp. by 13,828.3% in the second quarter. JPMorgan Chase & Co. now owns 6,407 shares of the company’s stock worth $273,000 after buying an additional 6,361 shares during the last quarter. 97.31% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kaman Corp. (NYSE:KAMN) traded up 0.25% during trading on Wednesday, hitting $43.76. 8,797 shares of the stock were exchanged. The firm has a 50 day moving average of $44.34 and a 200-day moving average of $42.91. Kaman Corp. has a 12-month low of $36.63 and a 12-month high of $45.62. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 23.29 and a beta of 1.09.
Kaman Corp. (NYSE:KAMN) last released its earnings results on Thursday, July 28th. The company reported $0.64 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.64. The company earned $470.06 million during the quarter, compared to analysts’ expectations of $459.13 million. Kaman Corp. had a return on equity of 11.84% and a net margin of 2.89%. The business’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.63 EPS. On average, analysts forecast that Kaman Corp. will post $2.55 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 6th. Stockholders of record on Tuesday, September 20th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Friday, September 16th. Kaman Corp.’s dividend payout ratio (DPR) is currently 38.30%.
Separately, Zacks Investment Research cut shares of Kaman Corp. from a “buy” rating to a “hold” rating in a report on Tuesday.
In other news, CEO Neal J. Keating purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were acquired at an average cost of $42.65 per share, with a total value of $85,300.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP John J. Tedone sold 9,442 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $44.82, for a total value of $423,190.44. Following the sale, the vice president now directly owns 19,190 shares in the company, valued at $860,095.80. The disclosure for this sale can be found here. Insiders own 2.47% of the company’s stock.
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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