Kaman Corp. Announces Quarterly Dividend of $0.16 (KAMN)
Kaman Corp. (NASDAQ:KAMN) announced a quarterly dividend on Tuesday, August 12th, StockRatingsNetwork reports. Investors of record on Tuesday, September 16th will be paid a dividend of 0.16 per share on Thursday, October 2nd. This represents a $0.64 annualized dividend and a dividend yield of 1.57%.
Several analysts have recently commented on the stock. Analysts at Jefferies Group cut their price target on shares of Kaman Corp. from $48.00 to $46.00 in a research note on Wednesday, August 6th. Analysts at Sidoti downgraded shares of Kaman Corp. from a “buy” rating to a “neutral” rating in a research note on Friday, June 20th.
Shares of Kaman Corp. (NASDAQ:KAMN) traded down 0.76% during mid-day trading on Tuesday, hitting $40.42. The stock had a trading volume of 40,869 shares. Kaman Corp. has a 52-week low of $34.87 and a 52-week high of $44.60. The stock has a 50-day moving average of $41.58 and a 200-day moving average of $40.98. The company has a market cap of $1.095 billion and a P/E ratio of 18.63.
Kaman Corp. (NASDAQ:KAMN) last released its earnings data on Monday, August 4th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The company had revenue of $459.00 million for the quarter, compared to the consensus estimate of $471.25 million. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, analysts predict that Kaman Corp. will post $2.46 earnings per share for the current fiscal year.
In other Kaman Corp. news, CEO Neal J. Keating bought 2,000 shares of Kaman Corp. stock on the open market in a transaction that occurred on Thursday, August 7th. The shares were purchased at an average price of $39.45 per share, for a total transaction of $78,900.00. The acquisition was disclosed in a legal filing 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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