Jump Financial LLC Raises Holdings in Kaman Co. (NYSE:KAMN)

Jump Financial LLC increased its holdings in shares of Kaman Co. (NYSE:KAMNFree Report) by 69.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,492 shares of the industrial products company’s stock after buying an additional 7,592 shares during the period. Jump Financial LLC owned about 0.07% of Kaman worth $363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Rhumbline Advisers increased its stake in shares of Kaman by 0.6% in the 1st quarter. Rhumbline Advisers now owns 80,515 shares of the industrial products company’s stock worth $3,501,000 after acquiring an additional 452 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Kaman by 0.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 52,699 shares of the industrial products company’s stock worth $1,647,000 after acquiring an additional 466 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of Kaman by 5.8% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 8,990 shares of the industrial products company’s stock worth $218,000 after acquiring an additional 491 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Kaman by 2.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,429 shares of the industrial products company’s stock worth $468,000 after purchasing an additional 497 shares during the last quarter. Finally, FMR LLC increased its position in shares of Kaman by 55.2% during the 1st quarter. FMR LLC now owns 1,679 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 597 shares during the last quarter. 84.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. StockNews.com assumed coverage on Kaman in a research report on Wednesday, February 7th. They set a “buy” rating for the company. TheStreet raised Kaman from a “d+” rating to a “c-” rating in a research report on Monday, January 22nd.

Read Our Latest Research Report on KAMN

Kaman Stock Up 0.8 %

Shares of NYSE:KAMN opened at $45.62 on Tuesday. The business has a 50-day moving average price of $30.64 and a 200 day moving average price of $24.16. Kaman Co. has a 12-month low of $18.06 and a 12-month high of $45.64. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of -26.52 and a beta of 1.19. The company has a current ratio of 1.39, a quick ratio of 0.79 and a debt-to-equity ratio of 0.56.

Kaman Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Tuesday, December 19th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Monday, December 18th. Kaman’s dividend payout ratio (DPR) is -46.51%.

About Kaman

(Free Report)

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.

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Institutional Ownership by Quarter for Kaman (NYSE:KAMN)

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