Amalgamated Bank Trims Stake in Kaman Co. (NYSE:KAMN)

Amalgamated Bank reduced its holdings in shares of Kaman Co. (NYSE:KAMNFree Report) by 5.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 10,644 shares of the industrial products company’s stock after selling 658 shares during the period. Amalgamated Bank’s holdings in Kaman were worth $255,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Barclays PLC lifted 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 during the period. Charles Schwab Investment Management Inc. lifted its holdings 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 valued at $10,575,000 after purchasing an additional 27,200 shares in the last quarter. Quadrature Capital Ltd grew its position in shares of Kaman by 127.8% in the third quarter. Quadrature Capital Ltd now owns 20,869 shares of the industrial products company’s stock valued at $410,000 after purchasing an additional 11,706 shares during the last quarter. Versor Investments LP purchased a new position in shares of Kaman during the 3rd quarter worth approximately $479,000. Finally, New York State Common Retirement Fund raised its position in shares of Kaman by 174.3% during the 3rd quarter. New York State Common Retirement Fund now owns 30,150 shares of the industrial products company’s stock worth $592,000 after purchasing an additional 19,158 shares during the last quarter. Institutional investors and hedge funds own 85.70% of the company’s stock.

Kaman Stock Performance

NYSE:KAMN opened at $45.99 on Wednesday. The firm has a market cap of $1.30 billion, a PE ratio of 148.35 and a beta of 1.18. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.32 and a quick ratio of 0.71. Kaman Co. has a 1-year low of $18.06 and a 1-year high of $46.00. The firm has a 50 day simple moving average of $45.91 and a 200-day simple moving average of $36.69.

Kaman (NYSE:KAMNGet Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. The business had revenue of $203.12 million during the quarter, compared to the consensus estimate of $196.70 million. Kaman had a return on equity of 2.14% and a net margin of 1.12%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Kaman in a research note on Tuesday. They set a “buy” rating on the stock.

View Our Latest Research Report on KAMN

About Kaman

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Kaman (NYSE:KAMN)

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