Aperio Group LLC Raises Holdings in Kaman Co. (KAMN)

Aperio Group LLC grew its stake in shares of Kaman Co. (NYSE:KAMN) by 7.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,920 shares of the industrial products company’s stock after acquiring an additional 1,719 shares during the period. Aperio Group LLC owned 0.09% of Kaman worth $1,731,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Bank of Montreal Can acquired a new stake in shares of Kaman in the second quarter valued at approximately $144,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Kaman in the second quarter valued at approximately $198,000. Meeder Asset Management Inc. acquired a new stake in shares of Kaman in the second quarter valued at approximately $204,000. Vident Investment Advisory LLC acquired a new stake in shares of Kaman in the second quarter valued at approximately $204,000. Finally, First Citizens Bank & Trust Co. acquired a new position in Kaman during the second quarter valued at approximately $241,000. Hedge funds and other institutional investors own 92.35% of the company’s stock.

Several brokerages have commented on KAMN. Zacks Investment Research downgraded shares of Kaman from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. ValuEngine upgraded shares of Kaman from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st.

In other news, CEO Neal J. Keating acquired 4,000 shares of the stock in a transaction on Tuesday, November 6th. The stock was acquired at an average cost of $59.04 per share, for a total transaction of $236,160.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.38% of the stock is owned by insiders.

Shares of KAMN opened at $58.53 on Friday. Kaman Co. has a one year low of $55.14 and a one year high of $75.08. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 26.25 and a beta of 0.73. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.70 and a quick ratio of 1.59.

Kaman (NYSE:KAMN) last announced its quarterly earnings data on Thursday, November 1st. The industrial products company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.10). Kaman had a net margin of 2.40% and a return on equity of 11.10%. The firm had revenue of $443.06 million for the quarter, compared to analyst estimates of $471.01 million. During the same quarter in the prior year, the firm earned $0.69 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. On average, sell-side analysts anticipate that Kaman Co. will post 2.59 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Aperio Group LLC Raises Holdings in Kaman Co. (KAMN)” was published by American Banking News and is the property of of American Banking News. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2018/11/10/aperio-group-llc-raises-holdings-in-kaman-co-kamn.html.

About Kaman

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.

Featured Story: Ex-Dividend

Institutional Ownership by Quarter for Kaman (NYSE:KAMN)

Receive News & Ratings for Kaman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kaman and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply