Dimensional Fund Advisors LP lessened its holdings in Kaman Co. (NYSE:KAMN) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,379,247 shares of the industrial products company’s stock after selling 3,575 shares during the period. Dimensional Fund Advisors LP’s holdings in Kaman were worth $77,362,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in KAMN. Levin Capital Strategies L.P. boosted its stake in shares of Kaman by 167.6% in the 4th quarter. Levin Capital Strategies L.P. now owns 545,019 shares of the industrial products company’s stock worth $30,570,000 after buying an additional 341,379 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Kaman by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,850,569 shares of the industrial products company’s stock worth $190,361,000 after buying an additional 76,288 shares during the last quarter. Fiera Capital Corp purchased a new position in shares of Kaman in the 4th quarter worth approximately $3,890,000. Morgan Stanley boosted its stake in shares of Kaman by 38.1% in the 3rd quarter. Morgan Stanley now owns 207,539 shares of the industrial products company’s stock worth $13,861,000 after buying an additional 57,252 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Kaman by 1.1% in the 4th quarter. BlackRock Inc. now owns 4,003,932 shares of the industrial products company’s stock worth $224,581,000 after buying an additional 42,921 shares during the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.
Kaman stock opened at $58.75 on Tuesday. Kaman Co. has a 12 month low of $51.34 and a 12 month high of $75.08. The company has a current ratio of 2.42, a quick ratio of 1.43 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $1.63 billion, a P/E ratio of 20.40 and a beta of 0.62.
A number of brokerages have recently weighed in on KAMN. TheStreet upgraded Kaman from a “c+” rating to a “b+” rating in a research note on Tuesday, March 12th. ValuEngine downgraded Kaman from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. Finally, Zacks Investment Research downgraded Kaman from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th.
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Kaman Company Profile
Kaman Corporation operates in the aerospace and distribution markets. The company operates through two segments, Distribution and Aerospace. The Distribution segment distributes electro-mechanical products; bearings; and power transmission, motion control, and electrical and fluid power components, as well as offers value-added services.
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