Blog

Sep 21, 2023

Connor Clark & Lunn Investment Management Ltd. Buys 30,900 Shares of Kaman Co. (NYSE:KAMN)

Connor Clark & Lunn Investment Management Ltd. lifted its stake in Kaman Co.

Connor Clark & Lunn Investment Management Ltd. lifted its stake in Kaman Co. (NYSE:KAMN - Get Rating) by 139.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,048 shares of the industrial products company's stock after purchasing an additional 30,900 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.19% of Kaman worth $1,183,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. raised its stake in Kaman by 8.1% during the 1st quarter. BlackRock Inc. now owns 4,989,024 shares of the industrial products company's stock worth $216,923,000 after buying an additional 375,067 shares during the period. State Street Corp raised its stake in Kaman by 18.2% during the 2nd quarter. State Street Corp now owns 1,724,590 shares of the industrial products company's stock worth $54,173,000 after buying an additional 265,748 shares during the period. Citadel Advisors LLC raised its stake in Kaman by 845.8% during the 2nd quarter. Citadel Advisors LLC now owns 271,019 shares of the industrial products company's stock worth $8,470,000 after buying an additional 242,363 shares during the period. Dimensional Fund Advisors LP raised its stake in Kaman by 10.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,398,105 shares of the industrial products company's stock worth $39,050,000 after buying an additional 137,979 shares during the period. Finally, Cardinal Capital Management LLC CT raised its stake in Kaman by 3.7% during the 3rd quarter. Cardinal Capital Management LLC CT now owns 1,306,785 shares of the industrial products company's stock worth $36,498,000 after buying an additional 46,650 shares during the period. 86.07% of the stock is currently owned by institutional investors.

Separately, StockNews.com began coverage on Kaman in a research note on Thursday, May 18th. They set a "hold" rating on the stock.

Kaman stock opened at $21.75 on Wednesday. Kaman Co. has a 52 week low of $18.88 and a 52 week high of $38.51. The company has a current ratio of 3.80, a quick ratio of 2.33 and a debt-to-equity ratio of 0.89. The stock has a 50-day simple moving average of $22.25 and a 200 day simple moving average of $22.57.

Kaman Corp. engages in the design, manufacture and distribution of aircrafts, aircraft parts and components. It operates through the following three segments: Engineered Products, Precision Products and Structures. The firm produces and markets proprietary aircraft bearings and components, super precision, miniature ball bearings, proprietary spring energized seals, springs and contacts, complex metallic and composite aero structures for commercial, military, and general aviation fixed and rotary wing aircraft, and safe and arming solutions for missile and bomb systems for the U.S.

Want to see what other hedge funds are holding KAMN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kaman Co. (NYSE:KAMN - Get Rating).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider Kaman, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kaman wasn't on the list.

While Kaman currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Wondering when you'll finally be able to invest in SpaceX, StarLink or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.