American Century Companies Inc. Buys 53,126 Shares of Kaman Co. (NYSE:KAMN)

American Century Companies Inc. raised its stake in shares of Kaman Co. (NYSE:KAMNGet Rating) by 143.6% during the 1st quarter, Holdings Channel reports. The fund owned 90,123 shares of the industrial products company’s stock after purchasing an additional 53,126 shares during the period. American Century Companies Inc.’s holdings in Kaman were worth $3,919,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of KAMN. First Eagle Investment Management LLC lifted its holdings in shares of Kaman by 108.3% during the 1st quarter. First Eagle Investment Management LLC now owns 43,743 shares of the industrial products company’s stock valued at $1,902,000 after purchasing an additional 22,743 shares during the last quarter. State of Tennessee Treasury Department lifted its holdings in shares of Kaman by 38.2% during the 1st quarter. State of Tennessee Treasury Department now owns 17,751 shares of the industrial products company’s stock valued at $772,000 after purchasing an additional 4,909 shares during the last quarter. Camarda Financial Advisors LLC purchased a new stake in shares of Kaman during the 1st quarter valued at $1,185,000. Aaron Wealth Advisors LLC purchased a new stake in shares of Kaman during the 1st quarter valued at $1,178,000. Finally, Swiss National Bank lifted its holdings in shares of Kaman by 7.8% during the 1st quarter. Swiss National Bank now owns 59,300 shares of the industrial products company’s stock valued at $2,578,000 after purchasing an additional 4,300 shares during the last quarter. Institutional investors own 87.76% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on KAMN. CJS Securities assumed coverage on Kaman in a report on Tuesday, June 14th. They set a “market outperform” rating and a $45.00 price objective for the company. StockNews.com upgraded Kaman from a “hold” rating to a “buy” rating in a research note on Wednesday, July 13th.

Kaman Stock Performance

Shares of KAMN stock opened at $31.28 on Tuesday. The firm has a market capitalization of $875.15 million, a price-to-earnings ratio of 27.44 and a beta of 1.15. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.90 and a quick ratio of 2.86. The business has a fifty day moving average of $31.54 and a 200 day moving average of $36.76. Kaman Co. has a 1 year low of $27.94 and a 1 year high of $46.50.

Kaman Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Tuesday, September 20th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, September 19th. This represents a $0.80 dividend on an annualized basis and a yield of 2.56%. Kaman’s dividend payout ratio (DPR) is 70.18%.

Insider Buying and Selling

In other Kaman news, Director E Reeves Callaway III sold 3,707 shares of the stock in a transaction dated Tuesday, June 14th. The stock was sold at an average price of $34.92, for a total transaction of $129,448.44. Following the sale, the director now directly owns 2,712 shares of the company’s stock, valued at approximately $94,703.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.77% of the stock is currently owned by company insiders.

Kaman Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Kaman (NYSE:KAMN)

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