StockNews.com Initiates Coverage on Kaman (NYSE:KAMN)

StockNews.com began coverage on shares of Kaman (NYSE:KAMNFree Report) in a research note published on Saturday morning. The brokerage issued a buy rating on the industrial products company’s stock.

Separately, TheStreet raised Kaman from a d+ rating to a c- rating in a report on Monday, January 22nd.

Get Our Latest Stock Report on KAMN

Kaman Stock Down 0.2 %

Shares of NYSE KAMN opened at $45.62 on Friday. The stock has a market cap of $1.29 billion, a PE ratio of 147.16 and a beta of 1.18. The business has a fifty day moving average of $37.36 and a two-hundred day moving average of $26.54. Kaman has a 52-week low of $18.06 and a 52-week high of $45.90. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.71 and a current ratio of 1.32.

Kaman Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 11th. Investors of record on Tuesday, March 19th will be issued a $0.20 dividend. The ex-dividend date is Monday, March 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.75%. Kaman’s dividend payout ratio is 258.06%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its position in Kaman by 8.1% in the first quarter. BlackRock Inc. now owns 4,989,024 shares of the industrial products company’s stock worth $216,923,000 after purchasing an additional 375,067 shares during the period. Vanguard Group Inc. increased its position in Kaman by 1.1% in the third quarter. Vanguard Group Inc. now owns 3,061,719 shares of the industrial products company’s stock worth $85,513,000 after purchasing an additional 32,517 shares during the period. Gamco Investors INC. ET AL increased its position in Kaman by 12.2% in the fourth quarter. Gamco Investors INC. ET AL now owns 2,555,330 shares of the industrial products company’s stock worth $56,984,000 after purchasing an additional 278,738 shares during the period. State Street Corp increased its position in Kaman by 18.2% in the second quarter. State Street Corp now owns 1,724,590 shares of the industrial products company’s stock worth $54,173,000 after purchasing an additional 265,748 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Kaman by 4.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,450,494 shares of the industrial products company’s stock worth $33,158,000 after buying an additional 60,243 shares during the period. 84.25% of the stock is owned by institutional investors.

About Kaman

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Kaman Corporation, together with its subsidiaries, operates in the aerospace, defense, medical, and industrial markets. The company operates through three segments: Engineered Products, Precision Products, and Structures. The Engineered Products segment produces and markets aircraft bearings and components; super precision; miniature ball bearings; and spring energized seals, springs, and contacts, as well as wheels, brakes, and related hydraulic components for helicopters and fixed-wing, and UAV aircraft.

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