Trexquant Investment LP cut its holdings in shares of Kaman Co. (NYSE:KAMN) by 80.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,435 shares of the industrial products company’s stock after selling 27,073 shares during the period. Trexquant Investment LP’s holdings in Kaman were worth $430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of the business. Crawford Investment Counsel Inc. grew its position in Kaman by 16.0% during the 3rd quarter. Crawford Investment Counsel Inc. now owns 36,180 shares of the industrial products company’s stock worth $2,416,000 after purchasing an additional 5,000 shares during the last quarter. BlackRock Inc. grew its position in Kaman by 3.7% during the 3rd quarter. BlackRock Inc. now owns 3,961,011 shares of the industrial products company’s stock worth $264,516,000 after purchasing an additional 139,501 shares during the last quarter. Martingale Asset Management L P grew its position in Kaman by 22.6% during the 3rd quarter. Martingale Asset Management L P now owns 69,517 shares of the industrial products company’s stock worth $4,643,000 after purchasing an additional 12,800 shares during the last quarter. Howe & Rusling Inc. grew its position in Kaman by 138.2% during the 3rd quarter. Howe & Rusling Inc. now owns 9,529 shares of the industrial products company’s stock worth $636,000 after purchasing an additional 5,529 shares during the last quarter. Finally, Stone Ridge Asset Management LLC grew its position in Kaman by 17.0% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 23,061 shares of the industrial products company’s stock worth $1,540,000 after purchasing an additional 3,353 shares during the last quarter. Institutional investors and hedge funds own 93.69% of the company’s stock.

KAMN stock opened at $54.83 on Friday. Kaman Co. has a one year low of $52.93 and a one year high of $75.08. The firm has a market capitalization of $1.52 billion, a PE ratio of 24.59 and a beta of 0.69. The company has a quick ratio of 1.59, a current ratio of 2.70 and a debt-to-equity ratio of 0.46.

Kaman (NYSE:KAMN) last released its earnings results on Thursday, November 1st. The industrial products company reported $0.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.10). Kaman had a return on equity of 11.10% and a net margin of 2.40%. The firm had revenue of $443.06 million during the quarter, compared to analyst estimates of $471.01 million. During the same quarter last year, the business posted $0.69 EPS. The firm’s revenue was down .9% on a year-over-year basis. As a group, research analysts expect that Kaman Co. will post 2.59 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 3rd. Stockholders of record on Tuesday, December 18th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Monday, December 17th. Kaman’s dividend payout ratio (DPR) is presently 35.87%.

In other news, CEO Neal J. Keating bought 4,000 shares of Kaman stock in a transaction dated Tuesday, November 6th. The stock was bought at an average price of $59.04 per share, for a total transaction of $236,160.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.38% of the stock is currently owned by company insiders.

Several research analysts have issued reports on the stock. Zacks Investment Research raised shares of Kaman from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. ValuEngine raised shares of Kaman from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st.

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About Kaman

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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