Rafferty Asset Management LLC Raises Position in Kaman Co. (NYSE:KAMN)

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.

Kaman (NYSE:KAMN) last released its quarterly earnings data on Thursday, August 5th. The industrial products company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.20. Kaman had a negative net margin of 6.65% and a positive return on equity of 7.13%. The firm had revenue of $182.39 million during the quarter, compared to analysts’ expectations of $178.03 million. On average, equities research analysts expect that Kaman Co. will post 1.91 earnings per share for the current fiscal year.

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 Profile

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.

Featured Story: Trade Deficit

Want to see what other hedge funds are holding KAMN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kaman Co. (NYSE:KAMN).

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.