Insider Buying: Kaman Corp. CEO Acquires 2,000 Shares of Stock (KAMN)
Kaman Corp. (NASDAQ:KAMN) CEO Neal J. Keating acquired 2,000 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were purchased at an average cost of $39.45 per share, with a total value of $78,900.00. Following the completion of the transaction, the chief executive officer now directly owns 172,162 shares of the company’s stock, valued at approximately $6,791,791. The purchase was disclosed in a filing with the SEC, which is available at this link.
Kaman Corp. (NASDAQ:KAMN) traded up 2.20% on Friday, hitting $40.40. The stock had a trading volume of 54,689 shares. Kaman Corp. has a 1-year low of $34.87 and a 1-year high of $44.60. The stock has a 50-day moving average of $41.72 and a 200-day moving average of $40.97. The company has a market cap of $1.094 billion and a P/E ratio of 18.08.
Kaman Corp. (NASDAQ:KAMN) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.60 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.60. The company had revenue of $459.00 million for the quarter, compared to the consensus estimate of $471.25 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. Analysts expect that Kaman Corp. will post $2.46 EPS for the current fiscal year.
KAMN has been the subject of a number of recent research reports. Analysts at Jefferies Group cut their price target on shares of Kaman Corp. from $48.00 to $46.00 in a research note on Wednesday. Analysts at Sidoti downgraded shares of Kaman Corp. from a “buy” rating to a “neutral” rating in a research note on Friday, June 20th.
Kaman Corporation conducts business in the aerospace and distribution markets. The Company operates in two business segments: Distribution and Aerospace.
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