Illinois Municipal Retirement Fund Cuts Stock Position in Kaman Co. (NYSE:KAMN)

Illinois Municipal Retirement Fund lowered its stake in Kaman Co. (NYSE:KAMN) by 12.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,414 shares of the industrial products company’s stock after selling 2,324 shares during the period. Illinois Municipal Retirement Fund’s holdings in Kaman were worth $393,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Kaman by 89.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,451 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 2,577 shares during the last quarter. Quantbot Technologies LP boosted its stake in Kaman by 76.7% during the 3rd quarter. Quantbot Technologies LP now owns 9,625 shares of the industrial products company’s stock valued at $189,000 after purchasing an additional 4,179 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Kaman by 23.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 13,672 shares of the industrial products company’s stock valued at $269,000 after purchasing an additional 2,582 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Kaman by 9.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,009 shares of the industrial products company’s stock valued at $312,000 after purchasing an additional 1,101 shares during the last quarter. Finally, Louisiana State Employees Retirement System purchased a new stake in Kaman during the 4th quarter valued at $338,000. Hedge funds and other institutional investors own 85.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. TheStreet upgraded Kaman from a “d+” rating to a “c-” rating in a research note on Monday, January 22nd. StockNews.com assumed coverage on Kaman in a research note on Saturday, April 27th. They set a “buy” rating on the stock.

Kaman Stock Performance

KAMN stock opened at $45.99 on Thursday. The company has a market cap of $1.30 billion, a P/E ratio of 148.35 and a beta of 1.18. Kaman Co. has a 1 year low of $18.06 and a 1 year high of $46.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.32 and a quick ratio of 0.71. The stock’s fifty day moving average price is $45.82 and its 200-day moving average price is $33.92.

Kaman (NYSE:KAMN) last released its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.12. The firm had revenue of $203.12 million for the quarter, compared to the consensus estimate of $196.70 million. Kaman had a return on equity of 2.14% and a net margin of 1.12%.

Kaman Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Tuesday, March 19th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.74%. Kaman’s dividend payout ratio (DPR) is currently 258.06%.

About Kaman

Kaman Corporation, together with its subsidiaries, operates in the aerospace, defense, medical, and industrial markets. The company operates through three segments: Engineered Products, Precision Products, and Structures. The Engineered Products segment produces and markets aircraft bearings and components; super precision; miniature ball bearings; and spring energized seals, springs, and contacts, as well as wheels, brakes, and related hydraulic components for helicopters and fixed-wing, and UAV aircraft.