Vanguard Group Inc. Sells 134,953 Shares of Kaman Co. (NYSE:KAMN)

Vanguard Group Inc. trimmed its position in shares of Kaman Co. (NYSE:KAMN - Free Report) by 4.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,118,971 shares of the industrial products company's stock after selling 134,953 shares during the quarter. Vanguard Group Inc. owned approximately 11.04% of Kaman worth $61,288,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. US Bancorp DE increased its holdings in Kaman by 236.6% in the 2nd quarter. US Bancorp DE now owns 1,067 shares of the industrial products company's stock worth $26,000 after acquiring an additional 750 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Kaman by 99.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the industrial products company's stock worth $35,000 after acquiring an additional 714 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Kaman by 140.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,566 shares of the industrial products company's stock worth $35,000 after acquiring an additional 915 shares in the last quarter. FMR LLC increased its holdings in Kaman by 55.2% in the 1st quarter. FMR LLC now owns 1,679 shares of the industrial products company's stock worth $38,000 after acquiring an additional 597 shares in the last quarter. Finally, Ancora Advisors LLC purchased a new stake in Kaman in the 1st quarter worth $51,000. 85.70% of the stock is owned by hedge funds and other institutional investors.

Kaman Price Performance

Shares of Kaman stock traded up $0.01 during trading hours on Monday, reaching $45.86. 176,762 shares of the company's stock were exchanged, compared to its average volume of 363,123. Kaman Co. has a 1 year low of $18.06 and a 1 year high of $45.94. The company has a market capitalization of $1.30 billion, a P/E ratio of 147.90 and a beta of 1.18. The business has a fifty day moving average of $45.57 and a two-hundred day moving average of $30.68. 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 (NYSE:KAMN - Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $203.12 million for the quarter, compared to analysts' expectations of $196.70 million. Kaman had a net margin of 1.12% and a return on equity of 2.14%.

Kaman Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Tuesday, March 19th will be given a dividend of $0.20 per share. 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 payout ratio is 258.06%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of Kaman in a report on Wednesday, April 3rd. They set a "buy" rating for the company. TheStreet raised shares of Kaman from a "d+" rating to a "c-" rating in a report on Monday, January 22nd.

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.