SG Americas Securities LLC Boosts Stake in Kaman Co. (NYSE:KAMN)
SG Americas Securities LLC raised its holdings in shares of Kaman Co. (NYSE:KAMN) by 79.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,271 shares of the industrial products company’s stock after buying an additional 27,082 shares during the quarter. SG Americas Securities LLC owned about 0.22% of Kaman worth $3,902,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of the stock. Quadrant Capital Group LLC boosted its holdings in shares of Kaman by 810.5% in the 1st quarter. Quadrant Capital Group LLC now owns 956 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 851 shares in the last quarter. Quantamental Technologies LLC purchased a new position in shares of Kaman in the 1st quarter worth about $119,000. Rockefeller Capital Management L.P. purchased a new position in shares of Kaman in the 1st quarter worth about $128,000. Amalgamated Bank purchased a new position in shares of Kaman in the 4th quarter worth about $243,000. Finally, BBT Capital Management LLC purchased a new position in shares of Kaman in the 1st quarter worth about $328,000. Institutional investors and hedge funds own 91.84% of the company’s stock.
In related news, CEO Neal J. Keating bought 2,200 shares of the stock in a transaction dated Monday, August 5th. The stock was bought at an average price of $57.48 per share, with a total value of $126,456.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.01% of the company’s stock.
Kaman (NYSE:KAMN) last released its earnings results on Wednesday, July 31st. The industrial products company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.39). Kaman had a net margin of 3.34% and a return on equity of 11.02%. The company had revenue of $174.70 million during the quarter, compared to the consensus estimate of $485.19 million. During the same period last year, the firm posted $0.54 EPS. The company’s revenue was down 2.2% on a year-over-year basis. As a group, research analysts anticipate that Kaman Co. will post 1.94 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Tuesday, September 17th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Monday, September 16th. Kaman’s dividend payout ratio (DPR) is presently 27.78%.
A number of research firms have recently issued reports on KAMN. Zacks Investment Research cut Kaman from a “buy” rating to a “hold” rating in a report on Wednesday, July 3rd. ValuEngine upgraded Kaman from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st.
Kaman Corporation operates in the aerospace and distribution markets. The company 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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