Kaman Corp. Announces Quarterly Dividend of $0.16 (KAMN)
Kaman Corp. (NASDAQ:KAMN) announced a quarterly dividend on Tuesday, June 3rd, American Banking News reports. Investors of record on Tuesday, June 17th will be paid a dividend of 0.16 per share on Thursday, July 3rd. This represents a $0.64 annualized dividend and a dividend yield of 1.51%.
On a related note, analysts at Drexel Hamilton upgraded shares of Kaman Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, March 11th. They now have a $46.00 price target on the stock, up previously from $40.00.
Kaman Corp. (NASDAQ:KAMN) traded down 0.26% during mid-day trading on Tuesday, hitting $42.52. The stock had a trading volume of 144,385 shares. Kaman Corp. has a 1-year low of $32.17 and a 1-year high of $43.00. The stock’s 50-day moving average is $41.24 and its 200-day moving average is $39.95. The company has a market cap of $1.164 billion and a P/E ratio of 18.85.
Kaman Corp. (NASDAQ:KAMN) last released its earnings data on Tuesday, April 29th. The company reported $0.42 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.01. The company had revenue of $413.90 million for the quarter, compared to the consensus estimate of $397.30 million. During the same quarter last year, the company posted $0.33 earnings per share. Kaman Corp.’s revenue was up 6.6% compared to the same quarter last year. Analysts expect that Kaman Corp. will post $2.48 EPS for the current fiscal year.
In other Kaman Corp. news, VP John J. Tedone sold 6,707 shares of Kaman Corp. stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $42.48, for a total value of $284,913.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Kaman Corporation conducts business in the aerospace and distribution markets. The Company operates in two business segments: Distribution and Aerospace.
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