Levin Capital Strategies L.P. lifted its holdings in Kaman Co. (NYSE:KAMN) by 167.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 545,019 shares of the industrial products company’s stock after buying an additional 341,379 shares during the period. Levin Capital Strategies L.P.’s holdings in Kaman were worth $30,570,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Kaman by 30.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,747 shares of the industrial products company’s stock worth $98,000 after buying an additional 411 shares in the last quarter. Teachers Advisors LLC raised its stake in Kaman by 1.1% during the third quarter. Teachers Advisors LLC now owns 59,992 shares of the industrial products company’s stock worth $4,006,000 after purchasing an additional 636 shares during the period. Riverhead Capital Management LLC raised its stake in Kaman by 23.6% during the third quarter. Riverhead Capital Management LLC now owns 6,285 shares of the industrial products company’s stock worth $420,000 after purchasing an additional 1,200 shares during the period. Wells Fargo & Company MN raised its stake in Kaman by 2.5% during the third quarter. Wells Fargo & Company MN now owns 58,255 shares of the industrial products company’s stock worth $3,890,000 after purchasing an additional 1,406 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new position in Kaman during the third quarter worth about $104,000. 96.58% of the stock is currently owned by hedge funds and other institutional investors.
Shares of KAMN stock opened at $58.63 on Monday. The company has a current ratio of 2.70, a quick ratio of 1.59 and a debt-to-equity ratio of 0.46. Kaman Co. has a 12 month low of $51.34 and a 12 month high of $75.08. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 26.29 and a beta of 0.60.
KAMN has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Kaman from a “hold” rating to a “strong-buy” rating and set a $64.00 target price on the stock in a research note on Friday, January 4th. TheStreet downgraded shares of Kaman from a “b-” rating to a “c+” rating in a research note on Monday, December 24th. ValuEngine raised shares of Kaman from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Finally, JPMorgan Chase & Co. downgraded shares of Kaman from a “neutral” rating to an “underweight” rating and set a $56.86 target price on the stock. in a research note on Friday, December 14th. Two research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $61.95.
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Kaman Corporation operates in the aerospace and distribution markets. It 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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