Dean Capital Management lowered its position in Kaman Aircraft (NYSE:KAMN) by 48.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,382 shares of the industrial products company’s stock after selling 34,798 shares during the period. Dean Capital Management owned 0.13% of Kaman Aircraft worth $2,200,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of KAMN. Cutler Group LP purchased a new position in Kaman Aircraft during the fourth quarter worth $129,000. Public Employees Retirement System of Ohio boosted its stake in shares of Kaman Aircraft by 5.8% during the second quarter. Public Employees Retirement System of Ohio now owns 2,652 shares of the industrial products company’s stock valued at $132,000 after purchasing an additional 145 shares during the period. CIBC Asset Management Inc purchased a new stake in shares of Kaman Aircraft during the fourth quarter valued at $205,000. Amalgamated Bank purchased a new stake in shares of Kaman Aircraft during the third quarter valued at $208,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Kaman Aircraft during the third quarter valued at $225,000. Institutional investors own 93.89% of the company’s stock.
Shares of KAMN traded down $1.76 during midday trading on Friday, hitting $61.73. The company had a trading volume of 168,289 shares, compared to its average volume of 140,423. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.54 and a current ratio of 3.04. Kaman Aircraft has a 1 year low of $45.50 and a 1 year high of $63.89. The stock has a market capitalization of $1,765.09, a PE ratio of 27.68 and a beta of 0.79.
Kaman Aircraft (NYSE:KAMN) last released its quarterly earnings results on Tuesday, February 27th. The industrial products company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.10). The firm had revenue of $473.90 million for the quarter, compared to analyst estimates of $493.10 million. Kaman Aircraft had a return on equity of 10.43% and a net margin of 2.76%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $0.56 EPS. analysts predict that Kaman Aircraft will post 3.1 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, April 5th. Shareholders of record on Tuesday, March 20th were paid a $0.20 dividend. The ex-dividend date was Monday, March 19th. This represents a $0.80 annualized dividend and a dividend yield of 1.30%. Kaman Aircraft’s dividend payout ratio (DPR) is currently 35.87%.
In other Kaman Aircraft news, Director Thomas W. Rabaut sold 10,000 shares of Kaman Aircraft stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $60.25, for a total value of $602,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.38% of the company’s stock.
A number of equities research analysts recently commented on KAMN shares. ValuEngine upgraded Kaman Aircraft from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Zacks Investment Research upgraded Kaman Aircraft from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a report on Wednesday, January 24th. Finally, Northcoast Research cut 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.
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About Kaman Aircraft
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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