Kaman Co. (KAMN) To Go Ex-Dividend on March 18th

Kaman Co. (NYSE:KAMNGet Free Report) declared a quarterly dividend on Wednesday, February 21st, Zacks reports. Shareholders of record on Tuesday, March 19th will be given a dividend of 0.20 per share by the industrial products company on Thursday, April 11th. This represents a $0.80 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Monday, March 18th.

Kaman has a payout ratio of 58.8% indicating that its dividend is sufficiently covered by earnings.

Kaman Trading Up 0.0 %

Kaman stock opened at $45.90 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.71 and a current ratio of 1.32. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 148.06 and a beta of 1.18. Kaman has a 1 year low of $18.06 and a 1 year high of $45.94. The firm’s 50 day moving average price is $41.33 and its two-hundred day moving average price is $27.97.

Kaman (NYSE:KAMNGet Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. Kaman had a net margin of 1.12% and a return on equity of 2.14%. The firm had revenue of $203.12 million for the quarter, compared to analysts’ expectations of $196.70 million.

Institutional Investors Weigh In On Kaman

A number of large investors have recently bought and sold shares of the business. Rhumbline Advisers boosted its holdings in Kaman by 0.6% during the first quarter. Rhumbline Advisers now owns 80,515 shares of the industrial products company’s stock valued at $3,501,000 after acquiring an additional 452 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Kaman by 0.9% during the second quarter. Goldman Sachs Group Inc. now owns 52,699 shares of the industrial products company’s stock valued at $1,647,000 after acquiring an additional 466 shares during the period. Teachers Retirement System of The State of Kentucky boosted its holdings in Kaman by 5.8% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 8,990 shares of the industrial products company’s stock valued at $218,000 after acquiring an additional 491 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Kaman by 2.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,429 shares of the industrial products company’s stock valued at $468,000 after acquiring an additional 497 shares during the period. Finally, FMR LLC boosted its holdings in Kaman by 55.2% during the first quarter. FMR LLC now owns 1,679 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 597 shares during the period. 84.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on KAMN shares. TheStreet upgraded shares of Kaman from a “d+” rating to a “c-” rating in a research report on Monday, January 22nd. StockNews.com began coverage on shares of Kaman in a research report on Sunday, March 10th. They set a “buy” rating on the stock.

View Our Latest Analysis on Kaman

About Kaman

(Get 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.

See Also

Dividend History for Kaman (NYSE:KAMN)

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