Public Employees Retirement System of Ohio Has $269,000 Position in Kaman Co. (NYSE:KAMN)

Public Employees Retirement System of Ohio grew its stake in Kaman Co. (NYSE:KAMN) by 23.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,672 shares of the industrial products company’s stock after purchasing an additional 2,582 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Kaman were worth $269,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of KAMN. BlackRock Inc. increased its position in Kaman by 8.1% during the first quarter. BlackRock Inc. now owns 4,989,024 shares of the industrial products company’s stock worth $216,923,000 after acquiring an additional 375,067 shares during the period. Vanguard Group Inc. increased its position in Kaman by 1.1% during the third quarter. Vanguard Group Inc. now owns 3,061,719 shares of the industrial products company’s stock worth $85,513,000 after acquiring an additional 32,517 shares during the period. Gamco Investors INC. ET AL increased its position in Kaman by 12.2% during the fourth quarter. Gamco Investors INC. ET AL now owns 2,555,330 shares of the industrial products company’s stock worth $56,984,000 after acquiring an additional 278,738 shares during the period. State Street Corp increased its position in Kaman by 18.2% during the second quarter. State Street Corp now owns 1,724,590 shares of the industrial products company’s stock worth $54,173,000 after acquiring an additional 265,748 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Kaman by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,450,494 shares of the industrial products company’s stock worth $33,158,000 after acquiring an additional 60,243 shares during the period. 85.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on KAMN. TheStreet raised shares of Kaman from a “d+” rating to a “c-” rating in a report on Monday, January 22nd. StockNews.com initiated coverage on shares of Kaman in a research note on Tuesday. They issued a “buy” rating on the stock.

Kaman Stock Up 0.2 %

NYSE:KAMN opened at $45.86 on Thursday. The firm’s 50 day simple moving average is $45.01 and its 200 day simple moving average is $29.36. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.32 and a quick ratio of 0.71. Kaman Co. has a one year low of $18.06 and a one year high of $45.94. The company has a market cap of $1.30 billion, a PE ratio of 147.94 and a beta of 1.18.

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

Kaman Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Tuesday, March 19th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.74%. Kaman’s dividend payout ratio (DPR) is currently 258.06%.

About Kaman

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.