SPX Corporation (SPXC) vs. Kaman Corporation (KAMN) Financial Analysis
Kaman Corporation (NYSE: KAMN) and SPX Corporation (NYSE:SPXC) are both small-cap industrial products companies, but which is the better business? We will contrast the two companies based on the strength of their earnings, institutional ownership, risk, analyst recommendations, dividends, valuation and profitabiliy.
This is a breakdown of current ratings and price targets for Kaman Corporation and SPX Corporation, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
Kaman Corporation presently has a consensus target price of $55.00, indicating a potential upside of 8.59%. Given Kaman Corporation’s higher possible upside, research analysts plainly believe Kaman Corporation is more favorable than SPX Corporation.
This table compares Kaman Corporation and SPX Corporation’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
Earnings & Valuation
This table compares Kaman Corporation and SPX Corporation’s top-line revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|Kaman Corporation||$1.79 billion||0.77||$164.34 million||$1.96||25.84|
|SPX Corporation||$1.45 billion||0.75||$101.70 million||($1.96)||-13.07|
Kaman Corporation has higher revenue and earnings than SPX Corporation. SPX Corporation is trading at a lower price-to-earnings ratio than Kaman Corporation, indicating that it is currently the more affordable of the two stocks.
Kaman Corporation pays an annual dividend of $0.80 per share and has a dividend yield of 1.6%. SPX Corporation does not pay a dividend. Kaman Corporation pays out 40.8% of its earnings in the form of a dividend. Kaman Corporation has increased its dividend for 2 consecutive years.
Volatility & Risk
Kaman Corporation has a beta of 0.69, suggesting that its stock price is 31% less volatile than the S&P 500. Comparatively, SPX Corporation has a beta of 1.58, suggesting that its stock price is 58% more volatile than the S&P 500.
Insider & Institutional Ownership
99.4% of Kaman Corporation shares are held by institutional investors. Comparatively, 83.5% of SPX Corporation shares are held by institutional investors. 2.4% of Kaman Corporation shares are held by insiders. Comparatively, 0.6% of SPX Corporation shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.
Kaman Corporation beats SPX Corporation on 11 of the 15 factors compared between the two stocks.
About Kaman Corporation
Kaman Corporation conducts business in the aerospace and distribution markets. The Company operates through two segments: Distribution and Aerospace. The Company’s brands include KAflex, KAron and K-MAX. Distribution segment is a power transmission, motion control, and fluid power industrial distributor with operations throughout the United States. Distribution segment conducts business in the mechanical power transmission and bearings, electrical, automation and control, and fluid power product platforms and provides total solutions from system design and integration to machine parts and services to the national manufacturing industry. Aerospace segment produces and markets aircraft bearings and components; super precision, miniature ball bearings; metallic and composite aerostructures for commercial, military and general aviation fixed and rotary wing aircraft, and safe and arming solutions for missile and bomb systems for the United States and allied militaries.
About SPX Corporation
SPX Corporation is a global supplier of infrastructure equipment. The Company operates through three segments: HVAC; Detection and Measurement, and Engineered Solutions. The HVAC solutions offered by its businesses include package cooling towers, residential and commercial boilers, heating and ventilation products. Its detection and measurement product lines encompass underground pipe and cable locators, and inspection equipment. Within its power platform, it is a manufacturer of medium and large power transformers, as well as equipment for various types of power plant, including cooling equipment, heat exchangers and pollution control systems. As of December 31, 2016, the Company had operations in approximately 15 countries.
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