Teacher Retirement System of Texas purchased a new stake in shares of Kaman Aircraft (NYSE:KAMN) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 8,202 shares of the industrial products company’s stock, valued at approximately $483,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Cutler Group LP acquired a new stake in shares of Kaman Aircraft during the 4th quarter valued at $129,000. Public Employees Retirement System of Ohio lifted its position in shares of Kaman Aircraft by 5.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,652 shares of the industrial products company’s stock valued at $132,000 after acquiring an additional 145 shares during the last quarter. CIBC Asset Management Inc acquired a new stake in shares of Kaman Aircraft during the 4th quarter valued at $205,000. Amalgamated Bank acquired a new stake in shares of Kaman Aircraft during the 3rd quarter valued at $208,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Kaman Aircraft during the 3rd quarter valued at $225,000. 93.89% of the stock is owned by hedge funds and other institutional investors.
Shares of KAMN traded down $1.76 during mid-day trading on Friday, reaching $61.73. The company’s stock had a trading volume of 168,289 shares, compared to its average volume of 140,423. The firm has a market capitalization of $1,765.09, a P/E ratio of 27.68 and a beta of 0.79. Kaman Aircraft has a 1 year low of $45.50 and a 1 year high of $63.89. The company has a quick ratio of 1.54, a current ratio of 3.04 and a debt-to-equity ratio of 0.62.
Kaman Aircraft (NYSE:KAMN) last released its earnings results on Tuesday, February 27th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.10). The business had revenue of $473.90 million during the quarter, compared to analysts’ expectations of $493.10 million. Kaman Aircraft had a net margin of 2.76% and a return on equity of 10.43%. Kaman Aircraft’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.56 EPS. analysts expect that Kaman Aircraft will post 3.1 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 5th. Stockholders of record on Tuesday, March 20th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 19th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.30%. Kaman Aircraft’s payout ratio is currently 35.87%.
In related news, Director Thomas W. Rabaut sold 10,000 shares of the stock in a transaction on Monday, March 5th. The stock was sold at an average price of $60.25, for a total transaction of $602,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.38% of the stock is owned by corporate insiders.
A number of equities research analysts have recently commented on the company. ValuEngine upgraded Kaman Aircraft from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Northcoast Research lowered Kaman Aircraft from a “buy” rating to a “neutral” rating and set a $65.00 target price for the company. in a report on Thursday, March 15th. Finally, Zacks Investment Research upgraded Kaman Aircraft from a “sell” rating to a “hold” rating in a report on Saturday, December 30th.
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Kaman Aircraft Profile
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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