Kaman Corp. Hits New 52-Week High at $44.15 (KAMN)
Kaman Corp. (NASDAQ:KAMN)’s share price hit a new 52-week high during trading on Friday , Analyst RN reports. The company traded as high as $44.15 and last traded at $44.00, with a volume of 28,018 shares traded. The stock had previously closed at $43.64.
Separately, analysts at Drexel Hamilton upgraded shares of Kaman Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, March 11th. They now have a $46.00 price target on the stock, up previously from $40.00.
The stock’s 50-day moving average is $41.55 and its 200-day moving average is $40.06. The company has a market cap of $1.206 billion and a P/E ratio of 19.30.
Kaman Corp. (NASDAQ:KAMN) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.42 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.01. The company had revenue of $413.90 million for the quarter, compared to the consensus estimate of $397.30 million. During the same quarter last year, the company posted $0.33 earnings per share. Kaman Corp.’s revenue was up 6.6% compared to the same quarter last year. On average, analysts predict that Kaman Corp. will post $2.48 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 3rd. Investors of record on Tuesday, June 17th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Friday, June 13th.
In other Kaman Corp. news, VP John J. Tedone sold 6,707 shares of the stock on the open market in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $42.48, for a total transaction of $284,913.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Kaman Corporation conducts business in the aerospace and distribution markets. The Company operates in two business segments: Distribution and Aerospace.
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