Kaman Co. (KAMN) Stake Lowered by Stifel Financial Corp

Stifel Financial Corp lowered its holdings in Kaman Co. (NYSE:KAMN) by 22.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,885 shares of the industrial products company’s stock after selling 5,885 shares during the period. Stifel Financial Corp owned 0.07% of Kaman worth $1,108,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in KAMN. SG Americas Securities LLC purchased a new stake in shares of Kaman in the second quarter valued at $104,000. Public Employees Retirement System of Ohio grew its position in shares of Kaman by 5.8% in 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. Flinton Capital Management LLC grew its position in shares of Kaman by 67.7% in the second quarter. Flinton Capital Management LLC now owns 3,706 shares of the industrial products company’s stock valued at $185,000 after purchasing an additional 1,496 shares during the period. Riverhead Capital Management LLC grew its position in shares of Kaman by 69.5% in the second quarter. Riverhead Capital Management LLC now owns 3,730 shares of the industrial products company’s stock valued at $186,000 after purchasing an additional 1,530 shares during the period. Finally, Amalgamated Bank purchased a new stake in shares of Kaman in the third quarter valued at $208,000. 92.57% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on KAMN shares. BidaskClub upgraded Kaman from a “hold” rating to a “buy” rating in a report on Wednesday, October 4th. Zacks Investment Research upgraded Kaman from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Kaman presently has a consensus rating of “Hold” and a consensus target price of $57.50.

In other Kaman news, Director Richard J. Swift sold 1,235 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $56.00, for a total transaction of $69,160.00. Following the transaction, the director now owns 18,702 shares in the company, valued at $1,047,312. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director E Reeves Callaway III sold 2,697 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $56.41, for a total value of $152,137.77. The disclosure for this sale can be found here. 2.38% of the stock is currently owned by company insiders.

Kaman Co. (NYSE KAMN) opened at $58.30 on Wednesday. Kaman Co. has a fifty-two week low of $45.50 and a fifty-two week high of $60.43. The firm has a market capitalization of $1,620.00, a price-to-earnings ratio of 32.21 and a beta of 0.74. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.85 and a quick ratio of 1.35.

Kaman (NYSE:KAMN) last issued its earnings results on Thursday, October 26th. The industrial products company reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.07. Kaman had a return on equity of 9.30% and a net margin of 2.90%. The firm had revenue of $447.00 million for the quarter, compared to analysts’ expectations of $461.06 million. During the same quarter last year, the firm earned $0.64 earnings per share. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. equities analysts forecast that Kaman Co. will post 2.34 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Tuesday, December 19th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Monday, December 18th. Kaman’s payout ratio is currently 44.20%.

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Kaman Profile

Kaman Corporation conducts business in the aerospace and distribution markets. The Company operates through two segments: Distribution and Aerospace. The Company’s brands include KAflex, KAron and K-MAX. Distribution segment is a power transmission, motion control, and fluid power industrial distributor with operations throughout the United States.

Institutional Ownership by Quarter for Kaman (NYSE:KAMN)

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