Deutsche Bank AG lifted its holdings in shares of Kaman Aircraft (NYSE:KAMN) by 9.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,676 shares of the industrial products company’s stock after purchasing an additional 6,249 shares during the quarter. Deutsche Bank AG owned about 0.25% of Kaman Aircraft worth $4,097,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the company. American International Group Inc. boosted its holdings in shares of Kaman Aircraft by 6.2% during the third quarter. American International Group Inc. now owns 21,443 shares of the industrial products company’s stock worth $1,196,000 after purchasing an additional 1,243 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of Kaman Aircraft by 3.3% during the fourth quarter. California Public Employees Retirement System now owns 55,794 shares of the industrial products company’s stock worth $3,283,000 after purchasing an additional 1,773 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Kaman Aircraft by 5.2% during the fourth quarter. Swiss National Bank now owns 40,300 shares of the industrial products company’s stock worth $2,371,000 after purchasing an additional 2,000 shares during the last quarter. Cutler Group LP acquired a new stake in shares of Kaman Aircraft during the fourth quarter worth $129,000. Finally, Legal & General Group Plc boosted its holdings in shares of Kaman Aircraft by 5.1% during the third quarter. Legal & General Group Plc now owns 55,778 shares of the industrial products company’s stock worth $3,112,000 after purchasing an additional 2,714 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.
Shares of KAMN opened at $62.82 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.54 and a current ratio of 3.04. The firm has a market capitalization of $1,724.77, a P/E ratio of 28.17 and a beta of 0.79. Kaman Aircraft has a twelve month low of $45.50 and a twelve month high of $63.89.
Kaman Aircraft (NYSE:KAMN) last issued its earnings results on Tuesday, February 27th. The industrial products company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.10). The firm had revenue of $473.90 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the business posted $0.56 earnings per share. equities research analysts expect that Kaman Aircraft will post 3.1 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 5th. Investors of record on Tuesday, March 20th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Monday, March 19th. Kaman Aircraft’s dividend payout ratio (DPR) is currently 35.87%.
Several research firms have recently issued reports on KAMN. ValuEngine upgraded Kaman Aircraft from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Northcoast Research cut Kaman Aircraft from a “buy” rating to a “neutral” rating and set a $65.00 price objective on the stock. in a report on Thursday, March 15th. Finally, Zacks Investment Research raised Kaman Aircraft from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research report on Wednesday, January 24th.
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 value of $602,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.38% of the company’s stock.
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Kaman Aircraft Company 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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