Kaman (NYSE:KAMN) Coverage Initiated by Analysts at StockNews.com

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

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

Kaman Stock Performance

Shares of KAMN opened at $45.99 on Friday. The stock’s 50-day moving average is $45.79 and its two-hundred day moving average is $33.36. 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 12 month low of $18.06 and a 12 month high of $46.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.32 and a quick ratio of 0.71.

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

Kaman Dividend Announcement

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

Institutional Trading of Kaman

Hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC increased its holdings in Kaman by 69.9% in the third quarter. Barclays PLC now owns 30,508 shares of the industrial products company’s stock valued at $598,000 after buying an additional 12,550 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Kaman by 5.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 538,169 shares of the industrial products company’s stock valued at $10,575,000 after purchasing an additional 27,200 shares during the last quarter. Quadrature Capital Ltd grew its holdings in shares of Kaman by 127.8% during the third quarter. Quadrature Capital Ltd now owns 20,869 shares of the industrial products company’s stock valued at $410,000 after purchasing an additional 11,706 shares during the last quarter. Versor Investments LP bought a new position in shares of Kaman during the third quarter valued at approximately $479,000. Finally, New York State Common Retirement Fund grew its holdings in shares of Kaman by 174.3% during the third quarter. New York State Common Retirement Fund now owns 30,150 shares of the industrial products company’s stock valued at $592,000 after purchasing an additional 19,158 shares during the last quarter. 85.70% of the stock is owned by institutional investors.

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.