Federated Investors Inc. PA lowered its position in Kaman Co. (NYSE:KAMN) by 6.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 168,603 shares of the industrial products company’s stock after selling 12,504 shares during the period. Federated Investors Inc. PA’s holdings in Kaman were worth $9,853,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in KAMN. Oregon Public Employees Retirement Fund raised its holdings in shares of Kaman by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 10,828 shares of the industrial products company’s stock valued at $633,000 after acquiring an additional 196 shares in the last quarter. Piedmont Investment Advisors Inc. boosted its position in Kaman by 3.1% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 6,648 shares of the industrial products company’s stock worth $373,000 after purchasing an additional 199 shares during the last quarter. Mason Street Advisors LLC boosted its position in Kaman by 3.1% in the first quarter. Mason Street Advisors LLC now owns 8,951 shares of the industrial products company’s stock worth $523,000 after purchasing an additional 268 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Kaman by 4.1% in the fourth quarter. Victory Capital Management Inc. now owns 9,766 shares of the industrial products company’s stock worth $548,000 after buying an additional 381 shares during the period. Finally, Comerica Bank raised its stake in shares of Kaman by 1.5% in the first quarter. Comerica Bank now owns 27,612 shares of the industrial products company’s stock worth $1,645,000 after buying an additional 401 shares during the period. 92.31% of the stock is owned by hedge funds and other institutional investors.
NYSE:KAMN opened at $58.48 on Wednesday. Kaman Co. has a 12-month low of $51.34 and a 12-month high of $73.25. The company has a quick ratio of 1.43, a current ratio of 2.42 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $1.64 billion, a P/E ratio of 20.31 and a beta of 0.69.
Kaman (NYSE:KAMN) last issued its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.20. The firm had revenue of $457.39 million for the quarter, compared to analysts’ expectations of $466.47 million. Kaman had a return on equity of 12.80% and a net margin of 2.90%. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 EPS. Equities research analysts predict that Kaman Co. will post 2.95 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Tuesday, June 18th will be issued a $0.20 dividend. The ex-dividend date is Monday, June 17th. This represents a $0.80 annualized dividend and a yield of 1.37%. Kaman’s dividend payout ratio (DPR) is presently 27.78%.
KAMN has been the subject of a number of recent research reports. Zacks Investment Research cut Kaman from a “hold” rating to a “sell” rating in a report on Thursday, February 28th. ValuEngine lowered Kaman from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Finally, TheStreet raised Kaman from a “c+” rating to a “b+” rating in a research report on Tuesday, March 12th.
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Kaman Corporation operates in the aerospace and distribution markets. The company 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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