Howe & Rusling Inc. Takes $228,000 Position in Kaman Co. (NYSE:KAMN)

Howe & Rusling Inc. acquired a new stake in Kaman Co. (NYSE:KAMN) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 9,529 shares of the industrial products company’s stock, valued at approximately $228,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Kaman by 89.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,451 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 2,577 shares in the last quarter. EWA LLC acquired a new position in shares of Kaman in the fourth quarter worth $142,000. Quantbot Technologies LP raised its holdings in shares of Kaman by 76.7% in the third quarter. Quantbot Technologies LP now owns 9,625 shares of the industrial products company’s stock worth $189,000 after acquiring an additional 4,179 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Kaman by 23.3% in the third quarter. Public Employees Retirement System of Ohio now owns 13,672 shares of the industrial products company’s stock worth $269,000 after acquiring an additional 2,582 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Kaman by 9.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,009 shares of the industrial products company’s stock worth $312,000 after acquiring an additional 1,101 shares during the last quarter. Hedge funds and other institutional investors own 85.70% of the company’s stock.

Kaman Price Performance

Shares of NYSE KAMN opened at $45.99 on Thursday. Kaman Co. has a 1-year low of $18.06 and a 1-year high of $46.00. The business has a 50-day moving average of $45.82 and a 200-day moving average of $33.92. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.32 and a quick ratio of 0.71. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 148.35 and a beta of 1.18.

Kaman (NYSE:KAMN) last issued its earnings results 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 return on equity of 2.14% and a net margin of 1.12%. The company had revenue of $203.12 million during the quarter, compared to the consensus estimate of $196.70 million.

Kaman Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on KAMN shares. TheStreet raised Kaman from a “d+” rating to a “c-” rating in a report on Monday, January 22nd. StockNews.com initiated coverage on Kaman in a research note on Saturday, April 27th. They issued a “buy” rating for the company.

Kaman Profile

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.