Kaman Co. (NYSE:KAMN) Director E Reeves Callaway III sold 1,000 shares of Kaman stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $57.25, for a total transaction of $57,250.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
NYSE KAMN opened at $54.85 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.48 and a current ratio of 1.86. The firm has a market cap of $1.62 billion, a PE ratio of 19.05 and a beta of 0.76. Kaman Co. has a one year low of $51.34 and a one year high of $68.79. The firm’s fifty day moving average is $61.01 and its two-hundred day moving average is $60.05.
Kaman (NYSE:KAMN) last posted its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.39). The business had revenue of $174.70 million during the quarter, compared to analyst estimates of $485.19 million. Kaman had a net margin of 3.34% and a return on equity of 11.02%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 earnings per share. Research analysts predict that Kaman Co. will post 1.92 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Tuesday, September 17th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.80 dividend on an annualized basis and a yield of 1.46%. Kaman’s dividend payout ratio is presently 27.78%.
Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Kaman from a “buy” rating to a “hold” rating in a research note on Wednesday, July 3rd. ValuEngine upgraded shares of Kaman from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its stake in Kaman by 1.4% in the second quarter. BlackRock Inc. now owns 4,068,538 shares of the industrial products company’s stock valued at $259,125,000 after purchasing an additional 57,847 shares during the period. Westwood Holdings Group Inc. increased its stake in Kaman by 23.9% in the first quarter. Westwood Holdings Group Inc. now owns 552,037 shares of the industrial products company’s stock valued at $32,261,000 after purchasing an additional 106,421 shares during the period. Invesco Ltd. increased its stake in Kaman by 1.2% in the second quarter. Invesco Ltd. now owns 357,478 shares of the industrial products company’s stock valued at $22,768,000 after purchasing an additional 4,318 shares during the period. Investment Counselors of Maryland LLC increased its stake in Kaman by 1.1% in the second quarter. Investment Counselors of Maryland LLC now owns 347,609 shares of the industrial products company’s stock valued at $22,139,000 after purchasing an additional 3,913 shares during the period. Finally, Geode Capital Management LLC increased its stake in Kaman by 8.4% in the fourth quarter. Geode Capital Management LLC now owns 311,202 shares of the industrial products company’s stock valued at $17,455,000 after purchasing an additional 24,109 shares during the period. Institutional investors own 91.84% of the company’s stock.
Kaman Company Profile
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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