American Century Companies Inc. Has $5.71 Million Holdings in Kaman Co. (KAMN)

American Century Companies Inc. boosted its stake in shares of Kaman Co. (NYSE:KAMN) by 112.0% during the 3rd quarter, reports. The firm owned 85,553 shares of the industrial products company’s stock after purchasing an additional 45,205 shares during the quarter. American Century Companies Inc.’s holdings in Kaman were worth $5,713,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Principal Financial Group Inc. lifted its holdings in shares of Kaman by 4.9% during the first quarter. Principal Financial Group Inc. now owns 239,482 shares of the industrial products company’s stock worth $14,877,000 after buying an additional 11,124 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Kaman in the second quarter worth $144,000. Nisa Investment Advisors LLC bought a new position in shares of Kaman in the second quarter worth $390,000. Acadian Asset Management LLC bought a new position in shares of Kaman in the second quarter worth $6,162,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Kaman in the second quarter worth $204,000. 91.44% of the stock is currently owned by institutional investors.

In other Kaman news, CEO Neal J. Keating bought 4,000 shares of the firm’s stock in a transaction on Tuesday, November 6th. The shares were purchased at an average price of $59.04 per share, for a total transaction of $236,160.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.38% of the company’s stock.

Shares of NYSE KAMN opened at $57.08 on Friday. The company has a current ratio of 2.70, a quick ratio of 1.59 and a debt-to-equity ratio of 0.46. Kaman Co. has a 52 week low of $56.29 and a 52 week high of $75.08. The firm has a market capitalization of $1.60 billion, a P/E ratio of 25.60 and a beta of 0.73.

Kaman (NYSE:KAMN) last issued its quarterly earnings results on Thursday, November 1st. The industrial products company reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.10). Kaman had a return on equity of 11.10% and a net margin of 2.40%. The company had revenue of $443.06 million during the quarter, compared to the consensus estimate of $471.01 million. During the same quarter in the previous year, the business posted $0.69 EPS. The firm’s revenue for the quarter was down .9% on a year-over-year basis. As a group, equities analysts anticipate that Kaman Co. will post 2.59 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Tuesday, December 18th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Monday, December 17th. Kaman’s dividend payout ratio is presently 35.87%.

A number of research analysts recently commented on KAMN shares. Zacks Investment Research upgraded Kaman from a “sell” rating to a “hold” rating in a research report on Tuesday, September 4th. ValuEngine upgraded Kaman from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st.

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Kaman 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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Institutional Ownership by Quarter for Kaman (NYSE:KAMN)

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