PEAK6 Investments L.P. cut its holdings in Kaman Co. (NYSE:KAMN) by 33.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,303 shares of the industrial products company’s stock after selling 2,637 shares during the period. PEAK6 Investments L.P.’s holdings in Kaman were worth $370,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Gabelli Funds LLC boosted its stake in Kaman by 0.3% during the 1st quarter. Gabelli Funds LLC now owns 1,185,800 shares of the industrial products company’s stock valued at $73,662,000 after purchasing an additional 3,000 shares during the last quarter. Bessemer Group Inc. boosted its stake in Kaman by 5.3% during the 2nd quarter. Bessemer Group Inc. now owns 239,935 shares of the industrial products company’s stock valued at $16,721,000 after purchasing an additional 12,165 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Kaman by 4.9% during the 1st quarter. Principal Financial Group Inc. now owns 239,482 shares of the industrial products company’s stock valued at $14,877,000 after purchasing an additional 11,124 shares during the last quarter. SG Americas Securities LLC boosted its stake in Kaman by 52.8% during the 1st quarter. SG Americas Securities LLC now owns 3,232 shares of the industrial products company’s stock valued at $201,000 after purchasing an additional 1,117 shares during the last quarter. Finally, TD Asset Management Inc. boosted its stake in Kaman by 337.5% during the 2nd quarter. TD Asset Management Inc. now owns 109,800 shares of the industrial products company’s stock valued at $7,652,000 after purchasing an additional 84,700 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE KAMN opened at $64.64 on Friday. The company has a current ratio of 2.89, a quick ratio of 1.74 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $1.81 billion, a PE ratio of 28.99 and a beta of 0.71. Kaman Co. has a twelve month low of $49.86 and a twelve month high of $75.08.

Kaman (NYSE:KAMN) last posted its quarterly earnings results on Wednesday, August 8th. The industrial products company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.08). The company had revenue of $468.13 million during the quarter, compared to the consensus estimate of $471.75 million. Kaman had a return on equity of 11.70% and a net margin of 3.20%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $0.48 EPS. analysts forecast that Kaman Co. will post 3.08 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 4th. Investors of record on Tuesday, September 18th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, September 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.24%. Kaman’s dividend payout ratio (DPR) is presently 35.87%.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Kaman from a “sell” rating to a “hold” rating in a research note on Tuesday, September 4th. ValuEngine downgraded Kaman from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Finally, JPMorgan Chase & Co. assumed coverage on Kaman in a research note on Thursday, July 12th. They issued a “neutral” rating and a $75.00 target price on the stock. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $72.00.

Kaman Company Profile

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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Institutional Ownership by Quarter for Kaman (NYSE:KAMN)

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