Kaman (NYSE:KAMN) Earns Buy Rating from Analysts at StockNews.com

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

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

Kaman Stock Performance

KAMN opened at $45.99 on Friday. The stock’s 50 day simple moving average is $45.73 and its 200-day simple moving average is $32.72. The company has a current ratio of 1.32, a quick ratio of 0.71 and a debt-to-equity ratio of 0.52. The stock has a market cap of $1.30 billion, a PE ratio of 148.35 and a beta of 1.18. Kaman has a 1 year low of $18.06 and a 1 year high of $46.00.

Kaman (NYSE:KAMN) last posted its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.12 earnings per share for the quarter, hitting 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 for the quarter, compared to the consensus estimate of $196.70 million.

Kaman Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.20 per share. 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 is 258.06%.

Institutional Investors Weigh In On Kaman

A number of large investors have recently bought and sold shares of KAMN. Hennion & Walsh Asset Management Inc. increased its position in Kaman by 59.8% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 15,280 shares of the industrial products company’s stock valued at $701,000 after acquiring an additional 5,721 shares in the last quarter. Quadrature Capital Ltd grew its stake in shares of Kaman by 10.3% during the fourth quarter. Quadrature Capital Ltd now owns 23,011 shares of the industrial products company’s stock valued at $551,000 after purchasing an additional 2,142 shares during the last quarter. Quarry LP acquired a new stake in shares of Kaman in the fourth quarter valued at approximately $69,000. Grizzlyrock Capital LLC bought a new position in Kaman in the 4th quarter worth approximately $914,000. Finally, Olympiad Research LP acquired a new position in Kaman during the 4th quarter worth $213,000. 85.70% of the stock is currently owned by institutional investors.

About Kaman

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.