Kaman Co. to Issue Quarterly Dividend of $0.20 (NYSE:KAMN)

Kaman Co. (NYSE:KAMNGet Rating) announced a quarterly dividend on Wednesday, August 3rd, Zacks reports. Shareholders of record on Tuesday, September 20th will be given a dividend of 0.20 per share by the industrial products company on Thursday, October 13th. This represents a $0.80 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Monday, September 19th.

Kaman has a dividend payout ratio of 36.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Kaman to earn $2.25 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 35.6%.

Kaman Trading Down 1.0 %

KAMN stock traded down $0.32 during midday trading on Friday, hitting $30.99. The stock had a trading volume of 2,619 shares, compared to its average volume of 138,563. The firm has a market cap of $867.10 million, a PE ratio of 21.70 and a beta of 1.18. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.80 and a quick ratio of 2.93. Kaman has a 12-month low of $27.94 and a 12-month high of $46.50. The company’s 50-day moving average price is $32.39 and its 200 day moving average price is $37.75.

Kaman (NYSE:KAMNGet Rating) last announced its quarterly earnings results on Monday, May 2nd. The industrial products company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.11). The company had revenue of $158.05 million during the quarter, compared to analyst estimates of $178.00 million. Kaman had a net margin of 5.71% and a return on equity of 6.37%. During the same quarter last year, the business earned $0.29 EPS. On average, equities research analysts predict that Kaman will post 1.82 earnings per share for the current fiscal year.

Analyst Ratings Changes

KAMN has been the topic of a number of recent analyst reports. CJS Securities initiated coverage on shares of Kaman in a report on Tuesday, June 14th. They issued a “market outperform” rating and a $45.00 price objective on the stock. StockNews.com raised shares of Kaman from a “hold” rating to a “buy” rating in a research note on Wednesday, July 13th. Finally, KeyCorp cut their target price on shares of Kaman from $52.00 to $45.00 in a research note on Wednesday, May 4th.

Insider Buying and Selling

In other Kaman news, Director E Reeves Callaway III sold 3,707 shares of the firm’s stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $34.92, for a total value of $129,448.44. Following the completion of the sale, the director now owns 2,712 shares in the company, valued at approximately $94,703.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.77% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ancora Advisors LLC acquired a new stake in shares of Kaman in the first quarter valued at approximately $51,000. Royal Bank of Canada boosted its position in Kaman by 86.0% during the first quarter. Royal Bank of Canada now owns 2,197 shares of the industrial products company’s stock worth $96,000 after purchasing an additional 1,016 shares during the period. Captrust Financial Advisors boosted its position in shares of Kaman by 21.9% in the first quarter. Captrust Financial Advisors now owns 4,582 shares of the industrial products company’s stock valued at $200,000 after acquiring an additional 822 shares during the period. Wall Street Access Asset Management LLC bought a new stake in shares of Kaman in the first quarter valued at about $219,000. Finally, Hsbc Holdings PLC lifted its position in Kaman by 56.3% during the first quarter. Hsbc Holdings PLC now owns 8,672 shares of the industrial products company’s stock worth $380,000 after purchasing an additional 3,123 shares during the period. Institutional investors own 88.29% of the company’s stock.

About Kaman

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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.

See Also

Dividend History for Kaman (NYSE:KAMN)

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