Kaman Corporation (KAMN) Given Average Recommendation of “Hold” by Brokerages
Kaman Corporation (NYSE:KAMN) has been assigned a consensus recommendation of “Hold” from the seven analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $57.50.
Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Kaman Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. BidaskClub upgraded shares of Kaman Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Finally, Northcoast Research assumed coverage on shares of Kaman Corporation in a report on Tuesday, July 25th. They set a “buy” rating and a $60.00 price target on the stock.
In other Kaman Corporation news, Director E Reeves Callaway III sold 2,697 shares of Kaman Corporation stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $56.41, for a total transaction of $152,137.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.38% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in shares of Kaman Corporation during the 2nd quarter worth approximately $104,000. Huntington National Bank increased its holdings in shares of Kaman Corporation by 25.0% in the 2nd quarter. Huntington National Bank now owns 2,500 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 500 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Kaman Corporation by 5.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,652 shares of the industrial products company’s stock valued at $132,000 after acquiring an additional 145 shares during the period. Flinton Capital Management LLC increased its stake in Kaman Corporation by 67.7% in the 2nd quarter. Flinton Capital Management LLC now owns 3,706 shares of the industrial products company’s stock valued at $185,000 after buying an additional 1,496 shares during the period. Finally, Riverhead Capital Management LLC increased its stake in Kaman Corporation by 69.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,730 shares of the industrial products company’s stock valued at $186,000 after buying an additional 1,530 shares during the period. Institutional investors own 93.97% of the company’s stock.
Kaman Corporation (NYSE KAMN) opened at $56.55 on Thursday. The company has a market cap of $1,569.04, a PE ratio of 28.93 and a beta of 0.73. Kaman Corporation has a fifty-two week low of $43.15 and a fifty-two week high of $57.11. The company has a current ratio of 2.85, a quick ratio of 1.35 and a debt-to-equity ratio of 0.64.
Kaman Corporation (NYSE:KAMN) last released its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.07. Kaman Corporation had a net margin of 2.90% and a return on equity of 9.30%. The company had revenue of $447.00 million during the quarter, compared to analysts’ expectations of $461.06 million. During the same period in the previous year, the company earned $0.64 EPS. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. equities analysts predict that Kaman Corporation will post 2.34 earnings per share for the current fiscal year.
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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.
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