1,502 Shares in Kaman Co. (NYSE:KAMN) Acquired by Gladius Capital Management LP

Gladius Capital Management LP purchased a new stake in shares of Kaman Co. (NYSE:KAMN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,502 shares of the industrial products company’s stock, valued at approximately $36,000.

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in Kaman in the 3rd quarter valued at $339,000. Zurcher Kantonalbank Zurich Cantonalbank lifted 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 purchasing an additional 2,577 shares during the last quarter. Versor Investments LP bought a new stake in Kaman during the 3rd quarter valued at approximately $479,000. Illinois Municipal Retirement Fund acquired a new stake in Kaman in the 3rd quarter valued at approximately $368,000. Finally, Jump Financial LLC increased its position in Kaman by 69.7% in the 3rd quarter. Jump Financial LLC now owns 18,492 shares of the industrial products company’s stock worth $363,000 after buying an additional 7,592 shares during the period. Institutional investors own 85.70% of the company’s stock.

Wall Street Analyst Weigh In

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

Kaman Stock Performance

KAMN remained flat at $45.99 on Thursday. The firm’s 50 day moving average is $45.87 and its 200-day moving average is $34.92. The company has a current ratio of 1.32, a quick ratio of 0.71 and a debt-to-equity ratio of 0.52. Kaman Co. has a 52-week low of $18.06 and a 52-week high of $46.00. The firm has a market capitalization of $1.30 billion, a P/E 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 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. The business had revenue of $203.12 million for the quarter, compared to analysts’ expectations of $196.70 million. Kaman had a return on equity of 2.14% and a net margin of 1.12%.

Kaman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Tuesday, March 19th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis 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%.

Kaman Company 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.