Investment Counselors of Maryland LLC maintained its stake in shares of Kaman Corporation (NYSE:KAMN) during the second quarter, Holdings Channel reports. The fund owned 346,377 shares of the industrial products company’s stock at the end of the second quarter. Investment Counselors of Maryland LLC’s holdings in Kaman Corporation were worth $17,274,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in KAMN. State of Alaska Department of Revenue raised its stake in shares of Kaman Corporation by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 2,990 shares of the industrial products company’s stock valued at $143,000 after buying an additional 60 shares during the period. Two Sigma Securities LLC raised its stake in shares of Kaman Corporation by 1.7% in the first quarter. Two Sigma Securities LLC now owns 4,330 shares of the industrial products company’s stock valued at $208,000 after buying an additional 71 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of Kaman Corporation by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the industrial products company’s stock valued at $529,000 after buying an additional 100 shares during the period. Arizona State Retirement System raised its stake in shares of Kaman Corporation by 0.7% in the first quarter. Arizona State Retirement System now owns 14,127 shares of the industrial products company’s stock valued at $680,000 after buying an additional 100 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of Kaman Corporation by 5.9% in the first quarter. Envestnet Asset Management Inc. now owns 2,176 shares of the industrial products company’s stock valued at $105,000 after buying an additional 122 shares during the period. Hedge funds and other institutional investors own 99.18% of the company’s stock.

Shares of Kaman Corporation (NYSE:KAMN) opened at 50.96 on Friday. Kaman Corporation has a 12 month low of $40.85 and a 12 month high of $53.41. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 27.43 and a beta of 0.69. The company’s 50-day moving average is $50.51 and its 200 day moving average is $49.51.

Kaman Corporation (NYSE:KAMN) last issued its quarterly earnings results on Monday, July 31st. The industrial products company reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.01. Kaman Corporation had a return on equity of 9.24% and a net margin of 2.95%. The business had revenue of $449 million during the quarter, compared to analyst estimates of $469.24 million. During the same quarter last year, the company posted $0.64 EPS. Kaman Corporation’s quarterly revenue was down 4.6% compared to the same quarter last year. On average, equities research analysts anticipate that Kaman Corporation will post $2.48 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 6th. Investors of record on Tuesday, June 20th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, June 16th. This represents a $0.80 annualized dividend and a yield of 1.57%. Kaman Corporation’s dividend payout ratio (DPR) is presently 43.24%.

WARNING: “Investment Counselors of Maryland LLC Maintains Position in Kaman Corporation (NYSE:KAMN)” was first reported by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another website, it was copied illegally and reposted in violation of international copyright legislation. The original version of this article can be read at https://www.dailypolitical.com/2017/08/05/investment-counselors-of-maryland-llc-maintains-position-in-kaman-corporation-nysekamn.html.

Several brokerages recently issued reports on KAMN. Zacks Investment Research lowered shares of Kaman Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th. BidaskClub upgraded shares of Kaman Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Finally, Northcoast Research began coverage on shares of Kaman Corporation in a research report on Tuesday, July 25th. They set a “buy” rating and a $60.00 target price for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Kaman Corporation presently has a consensus rating of “Hold” and an average price target of $54.75.

Kaman Corporation Company 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.

Want to see what other hedge funds are holding KAMN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kaman Corporation (NYSE:KAMN).

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

Receive News & Ratings for Kaman Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kaman Corporation and related companies with MarketBeat.com's FREE daily email newsletter.