Teton Advisors Inc. Sells 5,000 Shares of Kaman Co. (NYSE:KAMN)

Teton Advisors Inc. lessened its holdings in shares of Kaman Co. (NYSE:KAMN) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,000 shares of the industrial products company’s stock after selling 5,000 shares during the quarter. Teton Advisors Inc. owned approximately 0.27% of Kaman worth $1,796,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Gladius Capital Management LP bought a new position in shares of Kaman during the fourth quarter valued at approximately $36,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Kaman by 89.7% in the third 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 period. EWA LLC purchased a new stake in Kaman in the fourth quarter worth $142,000. Quantbot Technologies LP grew its stake in 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 purchasing an additional 4,179 shares during the period. Finally, Olympiad Research LP purchased a new stake in Kaman in the fourth quarter worth $213,000. Institutional investors own 85.70% of the company’s stock.

Kaman Stock Performance

Shares of NYSE KAMN remained flat at $45.99 during trading on Tuesday. Kaman Co. has a 1-year low of $18.06 and a 1-year high of $46.00. The company has a market cap of $1.30 billion, a P/E ratio of 148.35 and a beta of 1.18. The stock has a 50-day moving average price of $45.82 and a 200 day moving average price of $33.83. 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 (NYSE:KAMN) last released its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.12 EPS for the quarter, meeting 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 for the quarter, compared to analysts’ expectations of $196.70 million.

Kaman Announces Dividend

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

Wall Street Analysts Forecast Growth

KAMN has been the topic of several recent research reports. TheStreet raised Kaman from a “d+” rating to a “c-” rating in a research note on Monday, January 22nd. StockNews.com began coverage on Kaman in a research note on Saturday. They issued a “buy” rating on the stock.

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.