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.
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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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