Bank of New York Mellon Corp Sells 7,281 Shares of Kaman Co. (NYSE:KAMN)

Bank of New York Mellon Corp decreased its position in shares of Kaman Co. (NYSE:KAMN) by 1.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 473,073 shares of the industrial products company’s stock after selling 7,281 shares during the period. Bank of New York Mellon Corp owned approximately 1.69% of Kaman worth $10,814,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Kaman by 8.1% during the 1st quarter. BlackRock Inc. now owns 4,989,024 shares of the industrial products company’s stock worth $216,923,000 after buying an additional 375,067 shares during the period. Vanguard Group Inc. raised its stake 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 valued at $85,513,000 after purchasing an additional 32,517 shares in the last quarter. Gamco Investors INC. ET AL raised its stake 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 valued at $56,984,000 after purchasing an additional 278,738 shares in the last quarter. State Street Corp raised its stake 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 valued at $54,173,000 after purchasing an additional 265,748 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Kaman by 3.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,122,397 shares of the industrial products company’s stock valued at $48,802,000 after purchasing an additional 42,032 shares in the last quarter. Institutional investors own 84.25% of the company’s stock.

Wall Street Analyst Weigh In

KAMN has been the subject of a number of analyst reports. StockNews.com initiated coverage on Kaman in a research note on Thursday, August 17th. They issued a “hold” rating for the company. TheStreet raised Kaman from a “d+” rating to a “c” rating in a research note on Monday, August 7th.

Kaman Stock Down 0.4 %

Shares of NYSE KAMN opened at $22.35 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.82 and a debt-to-equity ratio of 0.56. The company has a market cap of $630.72 million, a price-to-earnings ratio of -12.77 and a beta of 1.01. Kaman Co. has a 12 month low of $18.88 and a 12 month high of $34.79. The stock has a 50-day moving average price of $23.30 and a two-hundred day moving average price of $23.05.

Kaman (NYSE:KAMN) last issued its earnings results on Wednesday, August 2nd. The industrial products company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.09 by $0.13. The firm had revenue of $195.16 million during the quarter, compared to the consensus estimate of $184.51 million. Kaman had a positive return on equity of 4.16% and a negative net margin of 6.47%. As a group, analysts forecast that Kaman Co. will post 0.54 earnings per share for the current fiscal year.

Kaman Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Tuesday, September 19th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.58%. The ex-dividend date is Monday, September 18th. Kaman’s dividend payout ratio (DPR) is currently -45.71%.

Kaman Company Profile

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.