E Reeves Callaway III Sells 1,000 Shares of Kaman Co. (NYSE:KAMN) Stock

Kaman Co. (NYSE:KAMN) Director E Reeves Callaway III sold 1,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $57.25, for a total value of $57,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of KAMN stock traded up $0.34 on Tuesday, hitting $57.76. The stock had a trading volume of 81,252 shares, compared to its average volume of 128,887. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.86 and a quick ratio of 1.48. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 20.06 and a beta of 0.76. Kaman Co. has a 1 year low of $51.34 and a 1 year high of $68.79. The firm has a 50 day moving average of $61.37.

Kaman (NYSE:KAMN) last posted its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.39). The firm had revenue of $174.70 million during the quarter, compared to analysts’ expectations of $485.19 million. Kaman had a net margin of 3.34% and a return on equity of 11.02%. Kaman’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 EPS. Equities analysts forecast that Kaman Co. will post 1.94 earnings per share for the current fiscal year.



The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Tuesday, September 17th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.80 annualized dividend and a dividend yield of 1.39%. Kaman’s dividend payout ratio is presently 27.78%.

Several hedge funds have recently bought and sold shares of the stock. Quadrant Capital Group LLC increased its holdings in Kaman by 810.5% during the 1st quarter. Quadrant Capital Group LLC now owns 956 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 851 shares during the period. Advisory Services Network LLC increased its holdings in Kaman by 45.0% during the 2nd quarter. Advisory Services Network LLC now owns 1,581 shares of the industrial products company’s stock worth $101,000 after purchasing an additional 491 shares during the period. Quantamental Technologies LLC purchased a new stake in Kaman during the 1st quarter worth about $119,000. Rockefeller Capital Management L.P. purchased a new stake in Kaman during the 1st quarter worth about $128,000. Finally, Bank of Montreal Can increased its holdings in Kaman by 108.9% during the 2nd quarter. Bank of Montreal Can now owns 3,301 shares of the industrial products company’s stock worth $210,000 after purchasing an additional 1,721 shares during the period. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Several research firms recently issued reports on KAMN. ValuEngine upgraded Kaman from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Zacks Investment Research downgraded Kaman from a “buy” rating to a “hold” rating in a report on Wednesday, July 3rd.

About Kaman

Kaman Corporation operates in the aerospace and distribution markets. The company operates through two segments, Distribution and Aerospace. The Distribution segment distributes electro-mechanical products; bearings; and power transmission, motion control, and electrical and fluid power components, as well as offers value-added services.

Recommended Story: Understanding debt-to-equity ratio in fundamental analysis

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.