Kaman (NYSE:KAMN) Upgraded to Hold by StockNews.com

StockNews.com upgraded shares of Kaman (NYSE:KAMN – Get Rating) from a sell rating to a hold rating in a research report released on Saturday.

Kaman Stock Down 4.6 %

Shares of NYSE:KAMN traded down $1.03 during midday trading on Friday, reaching $21.40. 886,660 shares of the company’s stock were exchanged, compared to its average volume of 152,086. The company’s 50 day simple moving average is $24.30 and its two-hundred day simple moving average is $25.14. Kaman has a 12 month low of $18.88 and a 12 month high of $46.50. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.41 and a quick ratio of 2.02.

Kaman Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 13th. Investors of record on Tuesday, March 21st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.74%. The ex-dividend date is Monday, March 20th. Kaman’s dividend payout ratio is currently -48.19%.

Hedge Funds Weigh In On Kaman

Several institutional investors have recently added to or reduced their stakes in KAMN. Quadrant Capital Group LLC lifted its holdings in Kaman by 80.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,212 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 542 shares during the last quarter. Bessemer Group Inc. bought a new position in Kaman during the 3rd quarter valued at about $34,000. PNC Financial Services Group Inc. lifted its holdings in 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 valued at $35,000 after purchasing an additional 915 shares during the last quarter. Ancora Advisors LLC bought a new position in Kaman during the 1st quarter valued at about $51,000. Finally, Gradient Investments LLC bought a new position in Kaman during the 3rd quarter valued at about $53,000. 86.07% of the stock is owned by institutional investors.

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.