Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Sells 624 Shares of Kaman Co. (NYSE:KAMN)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. cut its holdings in shares of Kaman Co. (NYSE:KAMNGet Rating) by 4.3% during the 3rd quarter, Holdings Channel reports. The firm owned 14,024 shares of the industrial products company’s stock after selling 624 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Kaman were worth $392,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its position in shares of Kaman by 58.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,860 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 1,426 shares in the last quarter. SummerHaven Investment Management LLC acquired a new stake in shares of Kaman during the 3rd quarter worth approximately $724,000. Louisiana State Employees Retirement System acquired a new stake in shares of Kaman during the 3rd quarter worth approximately $374,000. Gradient Investments LLC acquired a new stake in shares of Kaman during the 3rd quarter worth approximately $53,000. Finally, ARS Investment Partners LLC acquired a new stake in shares of Kaman during the 3rd quarter worth approximately $202,000. 86.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. TheStreet lowered shares of Kaman from a “c” rating to a “d+” rating in a research report on Wednesday, November 2nd. StockNews.com upgraded shares of Kaman from a “sell” rating to a “hold” rating in a research report on Tuesday, January 10th. Finally, JPMorgan Chase & Co. started coverage on shares of Kaman in a research report on Monday, October 31st. They issued an “underweight” rating and a $37.00 target price on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $42.33.

Kaman Stock Performance

Shares of Kaman stock opened at $22.84 on Monday. Kaman Co. has a fifty-two week low of $18.88 and a fifty-two week high of $46.50. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.39 and a quick ratio of 2.46. The firm has a market capitalization of $639.95 million, a P/E ratio of 36.25 and a beta of 0.98. The company’s 50 day moving average price is $21.29 and its two-hundred day moving average price is $27.08.

Kaman (NYSE:KAMNGet Rating) last issued its earnings results on Tuesday, November 1st. The industrial products company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.34). Kaman had a net margin of 2.69% and a return on equity of 4.52%. The company had revenue of $172.00 million during the quarter, compared to analyst estimates of $189.87 million. On average, equities analysts forecast that Kaman Co. will post 1.02 earnings per share for the current fiscal year.

Kaman Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 12th. Stockholders of record on Tuesday, December 20th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 19th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.50%. Kaman’s dividend payout ratio (DPR) is presently 126.99%.

About Kaman

(Get Rating)

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.

Featured Articles

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:KAMNGet Rating).

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.