Kaman (NYSE:KAMN) Sets New 1-Year High at $46.00

Kaman Co. (NYSE:KAMN) hit a new 52-week high on Thursday . The company traded as high as $46.00 and last traded at $45.99, with a volume of 51094 shares traded. The stock had previously closed at $45.87.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KAMN. TheStreet raised shares of Kaman from a “d+” rating to a “c-” rating in a research report on Monday, January 22nd. StockNews.com began coverage on shares of Kaman in a research report on Friday. They issued a “buy” rating for the company.

Kaman Stock Performance

The business’s 50-day simple moving average is $45.72 and its 200 day simple moving average is $32.34. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.71 and a current ratio of 1.32. The firm has a market cap of $1.30 billion, a P/E ratio of 148.35 and a beta of 1.18.

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

Kaman Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of KAMN. BlackRock Inc. lifted its stake in shares of Kaman by 8.1% during the 1st quarter. BlackRock Inc. now owns 4,989,024 shares of the industrial products company’s stock valued at $216,923,000 after buying an additional 375,067 shares in the last quarter. Gamco Investors INC. ET AL raised its position in shares of Kaman by 12.2% during the 4th quarter. Gamco Investors INC. ET AL now owns 2,555,330 shares of the industrial products company’s stock valued at $56,984,000 after buying an additional 278,738 shares in the last quarter. State Street Corp raised its position in shares of Kaman by 18.2% during the 2nd quarter. State Street Corp now owns 1,724,590 shares of the industrial products company’s stock valued at $54,173,000 after buying an additional 265,748 shares in the last quarter. Norges Bank purchased a new stake in shares of Kaman during the 4th quarter valued at about $5,564,000. Finally, Citadel Advisors LLC grew its holdings in Kaman by 845.8% during the 2nd quarter. Citadel Advisors LLC now owns 271,019 shares of the industrial products company’s stock valued at $8,470,000 after purchasing an additional 242,363 shares during the last quarter. 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.