Shares of Kaman Corporation (NYSE:KAMN) have been assigned an average rating of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $57.50.

A number of research firms recently issued reports on KAMN. Zacks Investment Research upgraded shares of Kaman Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. BidaskClub cut shares of Kaman Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Finally, Northcoast Research began coverage on shares of Kaman Corporation in a research report on Tuesday, July 25th. They set a “buy” rating and a $60.00 price objective for the company.

Shares of Kaman Corporation (KAMN) opened at 48.23 on Friday. Kaman Corporation has a one year low of $40.85 and a one year high of $53.41. The company has a market cap of $1.35 billion, a PE ratio of 25.96 and a beta of 0.69. The company’s 50-day moving average price is $50.20 and its 200 day moving average price is $49.42.

Kaman Corporation (NYSE:KAMN) last released its quarterly earnings data on Monday, July 31st. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.01. The company had revenue of $449 million for the quarter, compared to analyst estimates of $469.24 million. Kaman Corporation had a return on equity of 9.24% and a net margin of 2.95%. Kaman Corporation’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.64 earnings per share. Equities analysts forecast that Kaman Corporation will post $2.48 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Tuesday, September 19th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Monday, September 18th. Kaman Corporation’s payout ratio is 43.24%.

In other Kaman Corporation news, Director Richard J. Swift sold 2,404 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $50.70, for a total transaction of $121,882.80. Following the sale, the director now directly owns 19,937 shares of the company’s stock, valued at approximately $1,010,805.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.38% of the company’s stock.

A number of large investors have recently bought and sold shares of KAMN. SG Americas Securities LLC acquired a new stake in Kaman Corporation during the second quarter worth $104,000. Envestnet Asset Management Inc. raised its stake in Kaman Corporation by 5.9% in the first quarter. Envestnet Asset Management Inc. now owns 2,176 shares of the industrial products company’s stock worth $105,000 after buying an additional 122 shares during the last quarter. Flinton Capital Management LLC acquired a new stake in Kaman Corporation during the first quarter worth $106,000. Ameritas Investment Partners Inc. acquired a new stake in Kaman Corporation during the first quarter worth $112,000. Finally, Huntington National Bank raised its stake in Kaman Corporation by 25.0% in the second quarter. Huntington National Bank now owns 2,500 shares of the industrial products company’s stock worth $125,000 after buying an additional 500 shares during the last quarter. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international trademark and copyright laws. The correct version of this piece of content can be viewed at

Kaman Corporation Company Profile

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.

Analyst Recommendations for Kaman Corporation (NYSE:KAMN)

Receive News & Ratings for Kaman Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kaman Corporation and related companies with's FREE daily email newsletter.