Citigroup Inc. lowered its holdings in Kaman Corporation (NYSE:KAMN) by 7.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,894 shares of the industrial products company’s stock after selling 2,073 shares during the quarter. Citigroup Inc. owned 0.09% of Kaman Corporation worth $1,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Crawford Investment Counsel Inc. raised its holdings in shares of Kaman Corporation by 9.8% during the second quarter. Crawford Investment Counsel Inc. now owns 40,060 shares of the industrial products company’s stock valued at $1,998,000 after purchasing an additional 3,560 shares during the last quarter. Eagle Asset Management Inc. lifted its position in Kaman Corporation by 42.0% during the second quarter. Eagle Asset Management Inc. now owns 173,733 shares of the industrial products company’s stock valued at $8,664,000 after purchasing an additional 51,345 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Kaman Corporation by 11.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 182,175 shares of the industrial products company’s stock valued at $8,769,000 after purchasing an additional 18,953 shares during the period. UBS Asset Management Americas Inc. lifted its position in Kaman Corporation by 51.8% during the first quarter. UBS Asset Management Americas Inc. now owns 7,033 shares of the industrial products company’s stock valued at $338,000 after purchasing an additional 2,400 shares during the period. Finally, Thrivent Financial For Lutherans lifted its position in Kaman Corporation by 4.6% during the first quarter. Thrivent Financial For Lutherans now owns 15,300 shares of the industrial products company’s stock valued at $736,000 after purchasing an additional 670 shares during the period. Hedge funds and other institutional investors own 93.71% of the company’s stock.

In other Kaman Corporation news, Director Richard J. Swift sold 2,404 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $50.70, for a total transaction of $121,882.80. Following the transaction, the director now owns 19,937 shares in the company, valued at approximately $1,010,805.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.38% of the stock is currently owned by insiders.

Kaman Corporation (NYSE KAMN) opened at 56.09 on Wednesday. The firm has a 50-day moving average price of $50.59 and a 200 day moving average price of $49.52. The stock has a market capitalization of $1.56 billion, a PE ratio of 30.19 and a beta of 0.70. Kaman Corporation has a 12 month low of $40.85 and a 12 month high of $56.50.

Kaman Corporation (NYSE:KAMN) last announced its quarterly earnings data on Monday, July 31st. The industrial products company reported $0.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.01). The company had revenue of $449.00 million during the quarter, compared to analysts’ expectations of $469.24 million. Kaman Corporation had a net margin of 2.95% and a return on equity of 9.24%. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.64 earnings per share. Equities analysts anticipate that Kaman Corporation will post $2.48 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Tuesday, September 19th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.43%. The ex-dividend date is Monday, September 18th. Kaman Corporation’s dividend payout ratio is presently 43.24%.

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Several equities research analysts recently issued reports on KAMN shares. Northcoast Research began coverage on shares of Kaman Corporation in a report on Tuesday, July 25th. They issued a “buy” rating and a $60.00 target price on the stock. BidaskClub upgraded shares of Kaman Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Zacks Investment Research upgraded shares of Kaman Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Kaman Corporation has a consensus rating of “Hold” and an average price target of $56.67.

Kaman Corporation Profile

Kaman Corporation conducts business in the aerospace and distribution markets. The Company operates through two segments: Distribution and Aerospace. The Company’s brands include KAflex, KAron and K-MAX. Distribution segment is a power transmission, motion control, and fluid power industrial distributor with operations throughout the United States.

Institutional Ownership by Quarter for Kaman Corporation (NYSE:KAMN)

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