Squarepoint Ops LLC raised its stake in shares of Kaman Co. (NYSE:KAMN) by 477.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,044 shares of the industrial products company’s stock after purchasing an additional 22,362 shares during the period. Squarepoint Ops LLC owned 0.10% of Kaman worth $1,608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of the business. Barclays PLC boosted its stake in shares of Kaman by 12.6% during the third quarter. Barclays PLC now owns 38,956 shares of the industrial products company’s stock valued at $2,317,000 after purchasing an additional 4,368 shares during the period. California State Teachers Retirement System lifted its holdings in shares of Kaman by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 43,131 shares of the industrial products company’s stock worth $2,565,000 after buying an additional 515 shares during the period. Stifel Financial Corp lifted its holdings in shares of Kaman by 1.7% in the 3rd quarter. Stifel Financial Corp now owns 10,433 shares of the industrial products company’s stock worth $621,000 after buying an additional 173 shares during the period. State Street Corp lifted its holdings in shares of Kaman by 0.3% in the 3rd quarter. State Street Corp now owns 843,878 shares of the industrial products company’s stock worth $50,345,000 after buying an additional 2,450 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in shares of Kaman by 45.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,368 shares of the industrial products company’s stock worth $141,000 after buying an additional 737 shares in the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.
In other news, Director E Reeves Callaway III sold 1,063 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $62.55, for a total value of $66,490.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.01% of the stock is owned by corporate insiders.
NYSE:KAMN opened at $65.39 on Tuesday. The firm has a 50-day simple moving average of $62.52 and a 200-day simple moving average of $60.23. Kaman Co. has a one year low of $51.34 and a one year high of $65.91. The firm has a market cap of $1.81 billion, a P/E ratio of 27.00 and a beta of 0.81. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.27 and a current ratio of 4.00.
Kaman (NYSE:KAMN) last released its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.07. The firm had revenue of $182.67 million for the quarter, compared to the consensus estimate of $177.33 million. Kaman had a net margin of 14.74% and a return on equity of 9.94%. The company’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period last year, the firm earned $0.57 earnings per share. On average, research analysts predict that Kaman Co. will post 1.9 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Tuesday, December 17th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Monday, December 16th. Kaman’s dividend payout ratio (DPR) is 27.78%.
Kaman Corporation operates in the aerospace and distribution markets. The company 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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