6,405 Shares in Kaman Co. (NYSE:KAMN) Acquired by Hsbc Holdings PLC


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Hsbc Holdings PLC bought a new position in shares of Kaman Co. (NYSE:KAMN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,405 shares of the industrial products company’s stock, valued at approximately $366,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Alliancebernstein L.P. increased its position in Kaman by 1.3% during the 4th quarter. Alliancebernstein L.P. now owns 40,382 shares of the industrial products company’s stock worth $2,307,000 after purchasing an additional 503 shares in the last quarter. Crawford Investment Counsel Inc. grew its position in Kaman by 0.7% in the fourth quarter. Crawford Investment Counsel Inc. now owns 78,263 shares of the industrial products company’s stock valued at $4,471,000 after acquiring an additional 530 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Kaman by 3.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 16,409 shares of the industrial products company’s stock valued at $937,000 after acquiring an additional 598 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in Kaman by 12.8% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 6,326 shares of the industrial products company’s stock valued at $361,000 after acquiring an additional 718 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Kaman by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 278,702 shares of the industrial products company’s stock valued at $10,862,000 after acquiring an additional 820 shares in the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research downgraded shares of Kaman from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 3rd.

Shares of NYSE:KAMN opened at $53.15 on Tuesday. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 1,772.26 and a beta of 1.26. The company has a quick ratio of 2.68, a current ratio of 3.65 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average of $52.86 and a two-hundred day moving average of $51.51. Kaman Co. has a 52-week low of $29.48 and a 52-week high of $59.79.

Kaman (NYSE:KAMN) last released its earnings results on Thursday, February 25th. The industrial products company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.17). The business had revenue of $185.29 million for the quarter, compared to analysts’ expectations of $227.90 million. Kaman had a net margin of 0.14% and a return on equity of 8.14%. On average, equities analysts anticipate that Kaman Co. will post 2.12 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 8th. Stockholders of record on Tuesday, March 16th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend was Monday, March 15th. Kaman’s dividend payout ratio (DPR) is currently 49.08%.

Kaman Company Profile

Kaman Corporation, together with its subsidiaries, operates in the aerospace, medical, and industrial markets. The company produces and markets aircraft bearings and components; super precision miniature ball bearings; spring energized seals, springs, and contacts; and metallic and composite aero structures for commercial, military, and general aviation fixed and rotary wing aircrafts.

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Institutional Ownership by Quarter for Kaman (NYSE:KAMN)

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