Kaman Co. (NYSE:KAMN) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its position in shares of Kaman Co. (NYSE:KAMN) by 0.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 54,255 shares of the industrial products company’s stock after selling 500 shares during the quarter. New York State Teachers Retirement System’s holdings in Kaman were worth $1,299,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Kaman in the 1st quarter valued at about $1,152,000. MetLife Investment Management LLC raised its holdings in shares of Kaman by 30.6% during the first quarter. MetLife Investment Management LLC now owns 13,707 shares of the industrial products company’s stock valued at $596,000 after buying an additional 3,213 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Kaman by 0.6% during the first quarter. Rhumbline Advisers now owns 80,515 shares of the industrial products company’s stock worth $3,501,000 after buying an additional 452 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Kaman by 14.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,009 shares of the industrial products company’s stock worth $1,044,000 after buying an additional 2,960 shares in the last quarter. Finally, BlackRock Inc. increased its position in Kaman by 8.1% in the 1st quarter. BlackRock Inc. now owns 4,989,024 shares of the industrial products company’s stock valued at $216,923,000 after acquiring an additional 375,067 shares during the period. 85.70% of the stock is currently owned by institutional investors.

Kaman Trading Down 0.0 %

Shares of NYSE:KAMN opened at $45.88 on Thursday. Kaman Co. has a twelve month low of $18.06 and a twelve month high of $45.94. The company has a current ratio of 1.32, a quick ratio of 0.71 and a debt-to-equity ratio of 0.52. The firm has a market cap of $1.30 billion, a P/E ratio of 147.98 and a beta of 1.18. The company has a 50 day moving average of $45.69 and a 200-day moving average of $32.06.

Kaman (NYSE:KAMN) last released its earnings results on Thursday, February 22nd. The industrial products company reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12. Kaman had a return on equity of 2.14% and a net margin of 1.12%. The firm had revenue of $203.12 million during the quarter, compared to the consensus estimate of $196.70 million.

Kaman Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Tuesday, March 19th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Monday, March 18th. Kaman’s payout ratio is currently 258.06%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. TheStreet upgraded Kaman from a “d+” rating to a “c-” rating in a research report on Monday, January 22nd. StockNews.com assumed coverage on shares of Kaman in a research note on Thursday, April 11th. They set a “buy” rating on the stock.

Kaman Profile

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, as well as wheels, brakes, and related hydraulic components for helicopters and fixed-wing, and UAV aircraft.