5 Best Defense Stocks to Buy Heading Into 2023

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1. Kaman Corporation (NYSE:KAMN)

Number of Hedge Fund Holders: 13

Forward Annual Dividend Yield as of December 23: 3.95%

Headquartered in Bloomfield, Connecticut, Kaman Corporation (NYSE:KAMN) is a global aerospace and industrial company that provides a range of products and services for military, government, and commercial customers. Kaman Corporation (NYSE:KAMN) serves a wide range of customers, including the U.S. Department of Defense and other military and government organizations around the world. The company also serves commercial customers, including original equipment manufacturers.

Kaman Corporation (NYSE:KAMN) provides a dividend yield of 3.95% to investors. On November 1, 2022, Kaman Corporation (NYSE:KAMN) reported its third-quarter results. The company’s revenue stood at $172 million, missing market expectations by $19 million.

As per Insider Monkey’s database, 13 hedge funds remained bullish on Kaman Corporation (NYSE:KAMN) at the end of Q3 2022. GAMCO Investors came out to be the biggest holder of the company’s shares at the end of the quarter.

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