Nuveen Asset Management LLC Purchases 1,104 Shares of Kaman Co. (NYSE:KAMN)


Share on StockTwits

Nuveen Asset Management LLC grew its stake in Kaman Co. (NYSE:KAMN) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 117,546 shares of the industrial products company’s stock after purchasing an additional 1,104 shares during the period. Nuveen Asset Management LLC owned approximately 0.42% of Kaman worth $6,715,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in Kaman by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,702 shares of the industrial products company’s stock worth $10,862,000 after buying an additional 820 shares in the last quarter. State of Tennessee Treasury Department lifted its stake in shares of Kaman by 71.8% in the 3rd quarter. State of Tennessee Treasury Department now owns 15,916 shares of the industrial products company’s stock valued at $620,000 after purchasing an additional 6,651 shares during the period. AQR Capital Management LLC acquired a new position in shares of Kaman in the 3rd quarter valued at $276,000. Cubist Systematic Strategies LLC acquired a new position in shares of Kaman in the 3rd quarter valued at $1,157,000. Finally, Sei Investments Co. lifted its stake in shares of Kaman by 13.2% in the 3rd quarter. Sei Investments Co. now owns 30,349 shares of the industrial products company’s stock valued at $1,184,000 after purchasing an additional 3,545 shares during the period. Institutional investors own 90.66% of the company’s stock.

Separately, Zacks Investment Research downgraded Kaman from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 3rd.

KAMN stock opened at $53.11 on Friday. The stock has a 50-day moving average price of $52.54 and a two-hundred day moving average price of $51.78. The stock has a market cap of $1.47 billion, a PE ratio of 1,770.92 and a beta of 1.26. The company has a current ratio of 3.65, a quick ratio of 2.68 and a debt-to-equity ratio of 0.37. Kaman Co. has a 1 year low of $29.48 and a 1 year high of $59.79.

Kaman (NYSE:KAMN) last announced its quarterly earnings data on Thursday, February 25th. The industrial products company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.17). The company had revenue of $185.29 million during the quarter, compared to the consensus estimate of $227.90 million. Kaman had a net margin of 0.14% and a return on equity of 8.14%. On average, analysts forecast that Kaman Co. will post 2.12 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 8th. Investors of record on Tuesday, March 16th were paid a $0.20 dividend. The ex-dividend date was Monday, March 15th. This represents a $0.80 annualized dividend and a yield of 1.51%. Kaman’s dividend payout ratio (DPR) is currently 49.08%.

Kaman Profile

Kaman Corporation, together with its subsidiaries, operates in the aerospace, medical, and industrial markets. The company produces and markets aircraft bearings and components; super precision miniature ball bearings; spring energized seals, springs, and contacts; and metallic and composite aero structures for commercial, military, and general aviation fixed and rotary wing aircrafts.

Read More: What does the Dogs of the Dow mean?

Want to see what other hedge funds are holding KAMN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kaman Co. (NYSE:KAMN).

Institutional Ownership by Quarter for Kaman (NYSE:KAMN)

Receive News & Ratings for Kaman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kaman and related companies with MarketBeat.com's FREE daily email newsletter.