Gladius Capital Management LP Takes $36,000 Position in Kaman Co. (NYSE:KAMN)

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

A number of other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Kaman by 5.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 538,169 shares of the industrial products company’s stock worth $10,575,000 after acquiring an additional 27,200 shares in the last quarter. Invesco Ltd. raised its position in shares of Kaman by 6.6% in the 3rd quarter. Invesco Ltd. now owns 336,367 shares of the industrial products company’s stock valued at $6,610,000 after purchasing an additional 20,882 shares in the last quarter. Kennedy Capital Management LLC boosted its stake in shares of Kaman by 44.8% during the 3rd quarter. Kennedy Capital Management LLC now owns 75,062 shares of the industrial products company’s stock valued at $1,475,000 after buying an additional 23,219 shares during the last quarter. Swiss National Bank increased its stake in shares of Kaman by 2.6% in the third quarter. Swiss National Bank now owns 55,800 shares of the industrial products company’s stock worth $1,096,000 after buying an additional 1,400 shares during the last quarter. Finally, Barclays PLC raised its holdings in Kaman by 69.9% in the third quarter. Barclays PLC now owns 30,508 shares of the industrial products company’s stock valued at $598,000 after acquiring an additional 12,550 shares in the last quarter. Institutional investors and hedge funds own 85.70% of the company’s stock.

Kaman Price Performance

KAMN remained flat at $45.99 during trading hours 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 debt-to-equity ratio of 0.52, a quick ratio of 0.71 and a current ratio of 1.32. Kaman Co. has a 1-year low of $18.06 and a 1-year high of $46.00. The stock 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 posted its earnings results on Thursday, February 22nd. The industrial products company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. The company had revenue of $203.12 million during the quarter, compared to analyst estimates of $196.70 million. Kaman had a return on equity of 2.14% and a net margin of 1.12%.

Kaman Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.