Kaman Co. (NYSE:KAMN) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its holdings in Kaman Co. (NYSE:KAMN) by 57.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,730 shares of the industrial products company’s stock after selling 11,573 shares during the period. Nisa Investment Advisors LLC’s holdings in Kaman were worth $209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in KAMN. US Bancorp DE boosted its holdings in Kaman by 236.6% in the second quarter. US Bancorp DE now owns 1,067 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 750 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Kaman by 99.7% during the second quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 714 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Kaman by 140.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,566 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 915 shares during the period. FMR LLC boosted its holdings in shares of Kaman by 55.2% during the first quarter. FMR LLC now owns 1,679 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 597 shares during the period. Finally, Ancora Advisors LLC acquired a new position in shares of Kaman during the first quarter valued at $51,000. Institutional investors and hedge funds own 85.70% of the company’s stock.

Kaman Stock Performance

Shares of NYSE:KAMN opened at $45.99 on Friday. The business’s fifty day moving average price is $45.72 and its two-hundred day moving average price is $32.34. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.32 and a quick ratio of 0.71. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 148.35 and a beta of 1.18. Kaman Co. has a fifty-two week low of $18.06 and a fifty-two week high of $46.00.

Kaman (NYSE:KAMN) last issued its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. Kaman had a return on equity of 2.14% and a net margin of 1.12%. The business had revenue of $203.12 million for the quarter, compared to analyst estimates of $196.70 million.

Kaman Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Monday, March 18th. Kaman’s dividend payout ratio is currently 258.06%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KAMN. StockNews.com began coverage on shares of Kaman in a report on Friday. They set a “buy” rating for the company. TheStreet raised Kaman from a “d+” rating to a “c-” rating in a research note on Monday, January 22nd.

Kaman 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.