Victory Capital Management Inc. boosted its stake in shares of Kaman Corp. (NYSE:KAMN) by 77.2% during the second quarter, Holdings Channel reports. The institutional investor owned 3,465 shares of the company’s stock after buying an additional 1,510 shares during the period. Victory Capital Management Inc.’s holdings in Kaman Corp. were worth $147,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP increased 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 during the period. Stevens First Principles Investment Advisors increased 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 during the period. JPMorgan Chase & Co. increased its stake in shares of 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 period. NN Investment Partners Holdings N.V. bought a new stake in shares of Kaman Corp. during the first quarter worth about $307,000. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Kaman Corp. by 5.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 9,005 shares of the company’s stock worth $384,000 after buying an additional 465 shares during the period. 97.31% of the stock is owned by hedge funds and other institutional investors.
Kaman Corp. (NYSE:KAMN) traded up 0.25% during trading on Wednesday, hitting $43.76. The stock had a trading volume of 19,176 shares. The stock’s 50-day moving average is $44.34 and its 200 day moving average is $42.91. Kaman Corp. has a one year low of $36.63 and a one year high of $45.62. The firm 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 posted its earnings results on Thursday, July 28th. The company reported $0.64 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.64. The company had revenue of $470.06 million for the quarter, compared to the consensus estimate of $459.13 million. Kaman Corp. had a return on equity of 11.84% and a net margin of 2.89%. Kaman Corp.’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 earnings per share. Equities analysts anticipate that Kaman Corp. will post $2.55 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 6th. Shareholders of record on Tuesday, September 20th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 16th. This represents a $0.72 dividend on an annualized basis and a yield of 1.65%. Kaman Corp.’s payout ratio is 38.30%.
Separately, Zacks Investment Research upgraded Kaman Corp. from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Wednesday, September 28th.
In other news, VP Gregory L. Steiner sold 4,005 shares of the business’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $44.10, for a total value of $176,620.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John J. Tedone sold 9,442 shares of the business’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $44.82, for a total value of $423,190.44. Following the completion of the transaction, the vice president now directly owns 19,190 shares of the company’s stock, valued at $860,095.80. The disclosure for this sale can be found here. Company 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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