Kaman (NYSE:KAMN) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Kaman (NYSE:KAMN - Free Report) in a research note released on Thursday. The firm issued a buy rating on the industrial products company's stock.

Separately, TheStreet upgraded Kaman from a d+ rating to a c- rating in a research note on Monday, January 22nd.

Kaman Stock Performance

NYSE:KAMN traded up $0.02 during mid-day trading on Thursday, reaching $45.87. 235,632 shares of the stock were exchanged, compared to its average volume of 362,285. The company has a 50 day simple moving average of $45.64 and a 200-day simple moving average of $31.25. The stock has a market capitalization of $1.30 billion, a P/E ratio of 147.97 and a beta of 1.18. The company has a quick ratio of 0.71, a current ratio of 1.32 and a debt-to-equity ratio of 0.52. Kaman has a 1 year low of $18.06 and a 1 year high of $45.94.

Kaman (NYSE:KAMN - Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.12. The firm had revenue of $203.12 million for the quarter, compared to the consensus estimate of $196.70 million. Kaman had a return on equity of 2.14% and a net margin of 1.12%.

Kaman Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 11th. Shareholders of record on Tuesday, March 19th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $0.80 annualized dividend and a dividend yield of 1.74%. Kaman's dividend payout ratio (DPR) is currently 258.06%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC lifted its holdings in shares of Kaman by 69.9% in the 3rd quarter. Barclays PLC now owns 30,508 shares of the industrial products company's stock valued at $598,000 after buying an additional 12,550 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Kaman by 5.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 538,169 shares of the industrial products company's stock valued at $10,575,000 after buying an additional 27,200 shares during the period. Quadrature Capital Ltd raised its holdings in Kaman by 127.8% during the third quarter. Quadrature Capital Ltd now owns 20,869 shares of the industrial products company's stock worth $410,000 after purchasing an additional 11,706 shares during the last quarter. Versor Investments LP acquired a new position in Kaman during the third quarter worth $479,000. Finally, New York State Common Retirement Fund raised its holdings in Kaman by 174.3% during the third quarter. New York State Common Retirement Fund now owns 30,150 shares of the industrial products company's stock worth $592,000 after purchasing an additional 19,158 shares during the last quarter. 85.70% of the stock is currently owned by hedge funds and other institutional investors.

About Kaman

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.