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

Kaman Co. (NYSE:KAMN – Get Rating) announced a quarterly dividend on Wednesday, February 22nd, Zacks reports. Stockholders of record on Tuesday, March 21st will be paid a dividend of 0.20 per share by the industrial products company on Thursday, April 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date is Monday, March 20th.

Kaman has a payout ratio of 98.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Kaman to earn $0.69 per share next year, which means the company may not be able to cover its $0.80 annual dividend with an expected future payout ratio of 115.9%.

Kaman Stock Down 4.6 %

Shares of NYSE KAMN opened at $21.40 on Friday. The firm has a 50 day moving average of $24.30 and a 200 day moving average of $25.14. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.02 and a current ratio of 3.41. Kaman has a 12-month low of $18.88 and a 12-month high of $46.50.

Hedge Funds Weigh In On Kaman

Large investors have recently added to or reduced their stakes in the company. Ancora Advisors LLC purchased a new position in Kaman during the first quarter valued at approximately $51,000. PNC Financial Services Group Inc. lifted its holdings in Kaman by 140.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,566 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 915 shares in the last quarter. Royal Bank of Canada lifted its holdings 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 valued at $96,000 after purchasing an additional 1,016 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Kaman by 49.6% during the third quarter. Tower Research Capital LLC TRC now owns 2,257 shares of the industrial products company’s stock valued at $63,000 after purchasing an additional 748 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in Kaman by 21.9% during the first quarter. Captrust Financial Advisors now owns 4,582 shares of the industrial products company’s stock valued at $200,000 after purchasing an additional 822 shares in the last quarter. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Kaman from a “sell” rating to a “hold” rating in a research report on Saturday.

About Kaman

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Kaman Corp. engages in the design, manufacture and distribution of aircrafts, aircraft parts and components. It operates through the following three segments: Engineered Products, Precision Products and Structures. The firm produces and markets proprietary aircraft bearings and components, super precision, miniature ball bearings, proprietary spring energized seals, springs and contacts, complex metallic and composite aero structures for commercial, military, and general aviation fixed and rotary wing aircraft, and safe and arming solutions for missile and bomb systems for the U.S.