Schwab Charles Investment Management Inc. boosted its holdings in shares of Kaman Co. (NYSE:KAMN) by 3.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 211,276 shares of the industrial products company’s stock after purchasing an additional 7,167 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Kaman were worth $12,432,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Cutler Group LP acquired a new stake in shares of Kaman in the 4th quarter worth $129,000. Public Employees Retirement System of Ohio lifted its stake in shares of Kaman by 5.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,652 shares of the industrial products company’s stock worth $132,000 after acquiring an additional 145 shares during the period. Amalgamated Bank acquired a new stake in shares of Kaman in the 3rd quarter worth $208,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Kaman in the 3rd quarter worth $225,000. Finally, Palisade Capital Management LLC NJ acquired a new stake in shares of Kaman in the 3rd quarter worth $349,000. Institutional investors own 92.14% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of Kaman from a “sell” rating to a “hold” rating in a research note on Saturday, December 30th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Kaman presently has a consensus rating of “Buy” and a consensus target price of $64.50.
Kaman (NYSE:KAMN) last released its earnings results on Tuesday, February 27th. The industrial products company reported $0.86 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.10). Kaman had a return on equity of 10.60% and a net margin of 2.76%. The firm had revenue of $473.90 million during the quarter, compared to analyst estimates of $493.10 million. During the same quarter last year, the business posted $0.56 EPS. The firm’s revenue was up 9.4% on a year-over-year basis. equities research analysts expect that Kaman Co. will post 2.89 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Tuesday, March 20th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Monday, March 19th. Kaman’s dividend payout ratio (DPR) is presently 45.20%.
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Kaman Corporation conducts business in the aerospace and distribution markets. The Company operates through two segments: Distribution and Aerospace. The Company’s brands include KAflex, KAron and K-MAX. Distribution segment is a power transmission, motion control, and fluid power industrial distributor with operations throughout the United States.
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