Top 5 Aerospace Stocks To Buy According To Billionaire Mario Gabelli’s GAMCO Investors

3. Kaman Corporation (NYSE:KAMN)

GAMCO Investors’ Stake Value: $72,516,000 

Percentage of GAMCO Investors’ 13F Portfolio: 0.79% 

Number of Hedge Fund Holders: 13

Kaman Corporation (NYSE:KAMN) is a leading American aerospace company that also provides products and services for the medical and industrial markets. The company does business through three divisions: Engineered Products, Precision Products, and Structures. As of June 30, GAMCO Investors’ stakes in Kaman Corporation (NYSE:KAMN) are valued at $72.5 million. The investment covers 0.79% of Mario Gabelli’s 13F portfolio.

On June 14, CJS Securities analyst Larry Solow initiated coverage of Kaman Corporation (NYSE:KAMN) with a buy-side Outperform rating and a $45 price target. As of September 19, Kaman Corporation (NYSE:KAMN) is trading at $30 and is offering a forward dividend yield of 2.66%.

On August 15, Kaman Corporation (NYSE:KAMN) announced that the company has secured a $38 million contract from The Boeing Company (NYSE:BA) for assisting the engineering of 650 arming fuze systems for the Standoff Land Attack Missile Expanded Response, or SLAM-ER, program. On September 16, Kaman Corporation (NYSE:KAMN) announced that it has acquired Parker-Hannifin Corporation’s (NYSE:PH) Aircraft Wheel & Brake business, a leading provider of mission-critical wheel and brake technologies.

At the end of Q2 2022, 13 hedge funds held stakes in Kaman Corporation (NYSE:KAMN). The total value of these stakes amounted to $127.3 million. This is compared to 9 positions in the previous quarter with stakes worth $160.5 million.