TheStreet upgraded shares of Kaman (NYSE:KAMN) from a c+ rating to a b rating in a research report report published on Thursday morning, TheStreetRatingsTable reports.
A number of other research analysts have also weighed in on the company. ValuEngine raised Kaman from a buy rating to a strong-buy rating in a report on Friday, November 1st. Zacks Investment Research raised Kaman from a strong sell rating to a hold rating in a report on Thursday, August 29th.
KAMN stock traded up $0.32 during mid-day trading on Thursday, reaching $64.64. 113,872 shares of the company traded hands, compared to its average volume of 129,077. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.00 and a quick ratio of 1.48. The company has a market capitalization of $1.82 billion, a P/E ratio of 22.44 and a beta of 0.76. Kaman has a 52-week low of $51.34 and a 52-week high of $65.91. The company has a fifty day moving average price of $59.13 and a 200-day moving average price of $59.73.
Kaman (NYSE:KAMN) last posted its earnings results on Monday, November 4th. The industrial products company reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.07. The business had revenue of $182.67 million during the quarter, compared to analyst estimates of $177.33 million. Kaman had a return on equity of 9.94% and a net margin of 14.74%. The company’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 EPS. As a group, analysts forecast that Kaman will post 1.92 EPS for the current year.
In other news, Director Brian E. Barents sold 6,733 shares of Kaman stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $56.78, for a total transaction of $382,299.74. Following the completion of the sale, the director now owns 29,144 shares in the company, valued at approximately $1,654,796.32. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director E Reeves Callaway III sold 1,000 shares of Kaman stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $57.25, for a total value of $57,250.00. The disclosure for this sale can be found here. Company insiders own 2.01% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of KAMN. BlackRock Inc. lifted its position in Kaman by 1.4% in the 2nd quarter. BlackRock Inc. now owns 4,068,538 shares of the industrial products company’s stock worth $259,125,000 after buying an additional 57,847 shares during the last quarter. Nuveen Asset Management LLC bought a new stake in Kaman in the 2nd quarter worth approximately $7,164,000. Bourgeon Capital Management LLC bought a new stake in Kaman in the 3rd quarter worth approximately $70,000. Municipal Employees Retirement System of Michigan lifted its position in Kaman by 42.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 11,660 shares of the industrial products company’s stock worth $742,000 after buying an additional 3,460 shares during the last quarter. Finally, Virginia Retirement Systems ET AL lifted its position in Kaman by 3.1% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 9,900 shares of the industrial products company’s stock worth $631,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 92.63% of the company’s stock.
Kaman Company Profile
Kaman Corporation operates in the aerospace and distribution markets. The company 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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