Kaman Co. (NYSE:KAMN) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its position in Kaman Co. (NYSE:KAMN) by 57.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,730 shares of the industrial products company’s stock after selling 11,573 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Kaman were worth $209,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. US Bancorp DE boosted its position in shares of Kaman by 236.6% during the 2nd quarter. US Bancorp DE now owns 1,067 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 750 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Kaman by 99.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 714 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Kaman by 140.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,566 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 915 shares in the last quarter. FMR LLC boosted 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 in the last quarter. Finally, Ancora Advisors LLC purchased a new stake in shares of Kaman during the 1st quarter worth $51,000. 85.70% of the stock is owned by institutional investors and hedge funds.

Kaman Price Performance

Kaman stock opened at $45.99 on Friday. Kaman Co. has a 52 week low of $18.06 and a 52 week high of $46.00. The company has a quick ratio of 0.71, a current ratio of 1.32 and a debt-to-equity ratio of 0.52. The firm’s 50-day simple moving average is $45.72 and its 200 day simple moving average is $32.34. The firm has a market capitalization of $1.30 billion, a PE ratio of 148.35 and a beta of 1.18.

Kaman (NYSE:KAMN) last released its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.12 EPS 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 business had revenue of $203.12 million for the quarter, compared to analyst estimates of $196.70 million.

Kaman Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Tuesday, March 19th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.80 annualized dividend and a dividend yield of 1.74%. Kaman’s dividend payout ratio is presently 258.06%.

Analyst Upgrades and Downgrades

Several brokerages have commented on KAMN. 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 Friday. They set a “buy” rating on the stock.

About Kaman

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.