Kaman (NYSE:KAMN) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Kaman (NYSE:KAMN) in a report released on Friday morning. The firm issued a buy rating on the industrial products company’s stock.

Separately, TheStreet upgraded shares of Kaman from a d+ rating to a c- rating in a research report on Monday, January 22nd.

Kaman Stock Up 0.3 %

Shares of NYSE:KAMN opened at $45.99 on Friday. The company has a market capitalization of $1.30 billion, a PE ratio of 148.35 and a beta of 1.18. The company has a current ratio of 1.32, a quick ratio of 0.71 and a debt-to-equity ratio of 0.52. Kaman has a twelve month low of $18.06 and a twelve month high of $46.00. The firm has a 50 day simple moving average of $45.72 and a 200-day simple moving average of $32.34.

Kaman (NYSE:KAMN) last issued its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. The business had revenue of $203.12 million during the quarter, compared to the consensus estimate of $196.70 million. Kaman had a net margin of 1.12% and a return on equity of 2.14%.

Kaman Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Tuesday, March 19th were given a $0.20 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.80 annualized dividend and a yield of 1.74%. Kaman’s dividend payout ratio (DPR) is 258.06%.

Institutional Trading of Kaman

Institutional investors and hedge funds have recently bought and sold shares of the business. US Bancorp DE increased its stake in Kaman by 236.6% in the 2nd quarter. US Bancorp DE now owns 1,067 shares of the industrial products company’s stock valued at $26,000 after buying an additional 750 shares during the period. Tower Research Capital LLC TRC increased its stake in Kaman by 99.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the industrial products company’s stock valued at $35,000 after buying an additional 714 shares during the period. PNC Financial Services Group Inc. increased its stake in Kaman by 140.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,566 shares of the industrial products company’s stock valued at $35,000 after buying an additional 915 shares during the period. Gladius Capital Management LP acquired a new position in Kaman in the 4th quarter valued at $36,000. Finally, FMR LLC increased its stake in Kaman by 55.2% in the 1st quarter. FMR LLC now owns 1,679 shares of the industrial products company’s stock valued at $38,000 after buying an additional 597 shares during the period. Hedge funds and other institutional investors own 85.70% of the company’s stock.

Kaman Company Profile

Kaman Corporation, together with its subsidiaries, operates in the aerospace, defense, medical, and industrial markets. The company operates through three segments: Engineered Products, Precision Products, and Structures. The Engineered Products segment produces and markets aircraft bearings and components; super precision; miniature ball bearings; and spring energized seals, springs, and contacts, as well as wheels, brakes, and related hydraulic components for helicopters and fixed-wing, and UAV aircraft.