Rafferty Asset Management LLC increased its holdings in Kaman Co. (NYSE:KAMN) by 16.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,402 shares of the industrial products company’s stock after purchasing an additional 2,874 shares during the quarter. Rafferty Asset Management LLC owned 0.07% of Kaman worth $1,028,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the stock. HighTower Advisors LLC grew its holdings in Kaman by 19.3% in the 2nd quarter. HighTower Advisors LLC now owns 5,395 shares of the industrial products company’s stock worth $272,000 after acquiring an additional 874 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in Kaman by 6.7% in the 2nd quarter. Mutual of America Capital Management LLC now owns 3,954 shares of the industrial products company’s stock worth $199,000 after acquiring an additional 250 shares during the last quarter. Sei Investments Co. grew its holdings in Kaman by 3.0% in the 2nd quarter. Sei Investments Co. now owns 58,632 shares of the industrial products company’s stock worth $2,957,000 after acquiring an additional 1,709 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Kaman by 25.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,937 shares of the industrial products company’s stock worth $98,000 after acquiring an additional 387 shares during the last quarter. Finally, Swiss National Bank grew its holdings in Kaman by 2.2% in the 2nd quarter. Swiss National Bank now owns 55,000 shares of the industrial products company’s stock worth $2,772,000 after acquiring an additional 1,200 shares during the last quarter. Institutional investors own 91.55% of the company’s stock.
NYSE:KAMN opened at $34.93 on Tuesday. Kaman Co. has a one year low of $33.97 and a one year high of $59.79. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.00 and a quick ratio of 2.52. The company’s 50-day simple moving average is $41.17 and its 200 day simple moving average is $48.67. The firm has a market capitalization of $972.35 million, a P/E ratio of -19.30 and a beta of 1.33.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 14th. Shareholders of record on Tuesday, September 21st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, September 20th. This represents a $0.80 dividend on an annualized basis and a yield of 2.29%. Kaman’s dividend payout ratio is currently 37.91%.
In other Kaman news, Director E Reeves Callaway III sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 13th. The shares were sold at an average price of $43.07, for a total transaction of $43,070.00. Following the completion of the sale, the director now directly owns 3,531 shares of the company’s stock, valued at $152,080.17. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.68% of the stock is currently owned by corporate insiders.
A number of brokerages have recently weighed in on KAMN. KeyCorp cut their target price on shares of Kaman from $65.00 to $59.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 23rd. Zacks Investment Research lowered shares of Kaman from a “buy” rating to a “hold” rating in a research note on Thursday, August 12th.
Kaman Corp. engages in the design, manufacture and distribution of aircrafts, aircraft parts and components. It produces and markets proprietary aircraft bearings and components; super precision, miniature ball bearings; proprietary spring energized seals, springs and contacts; complex metallic and composite aero structures for commercial, military and general aviation fixed and rotary wing aircraft; and safe and arming solutions for missile and bomb systems for the U.S.
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