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Kaman Corp. (NASDAQ:KAMN) gapped up prior to trading on Friday following insider buying activity, American Banking News reports. The stock had previously closed at $39.39, but opened at $39.53. Kaman Corp. shares last traded at $40.36, with a volume of 41,417 shares trading hands.

Specifically, CEO Neal J. Keating acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The shares were purchased at an average cost of $39.45 per share, for a total transaction of $78,900.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

A number of analysts have recently weighed in on KAMN shares. 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.

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 $1.100 billion and a P/E ratio of 18.08.

Kaman Corp. (NASDAQ:KAMN) last announced its earnings results on Monday, August 4th. The company reported $0.60 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.67 earnings per share. Kaman Corp.’s revenue was up 6.5% compared to the same quarter last year. On average, analysts predict that Kaman Corp. will post $2.46 earnings per share for the current fiscal year.

Kaman Corporation conducts business in the aerospace and distribution markets. The Company operates in two business segments: Distribution and Aerospace.

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