Kaman Co. (KAMN) Receives Average Rating of “Hold” from Analysts
Shares of Kaman Co. (NYSE:KAMN) have earned an average rating of “Hold” from the seven research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $57.50.
A number of brokerages recently issued reports on KAMN. Zacks Investment Research upgraded shares of Kaman from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. BidaskClub upgraded shares of Kaman from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th.
Kaman (KAMN) opened at $58.82 on Monday. Kaman has a 12 month low of $45.50 and a 12 month high of $60.43. The company has a quick ratio of 1.35, a current ratio of 2.85 and a debt-to-equity ratio of 0.64. The stock has a market cap of $1,636.08, a P/E ratio of 30.16 and a beta of 0.74.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Tuesday, December 19th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, December 18th. This represents a $0.80 dividend on an annualized basis and a yield of 1.36%. Kaman’s payout ratio is currently 44.20%.
In other Kaman news, Director Richard J. Swift sold 1,235 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $56.00, for a total transaction of $69,160.00. Following the sale, the director now owns 18,702 shares of the company’s stock, valued at $1,047,312. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director E Reeves Callaway III sold 2,697 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $56.41, for a total transaction of $152,137.77. The disclosure for this sale can be found here. 2.38% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in KAMN. Teachers Advisors LLC raised its holdings in Kaman by 16.3% during the first quarter. Teachers Advisors LLC now owns 66,284 shares of the industrial products company’s stock worth $3,190,000 after purchasing an additional 9,310 shares in the last quarter. Capstone Asset Management Co. acquired a new position in shares of Kaman in the 2nd quarter valued at $200,000. Louisiana State Employees Retirement System increased its holdings in shares of Kaman by 0.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the industrial products company’s stock valued at $554,000 after acquiring an additional 100 shares during the period. Aperio Group LLC increased its holdings in shares of Kaman by 72.0% in the 2nd quarter. Aperio Group LLC now owns 21,896 shares of the industrial products company’s stock valued at $1,092,000 after acquiring an additional 9,167 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of Kaman by 4.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 185,049 shares of the industrial products company’s stock valued at $9,228,000 after acquiring an additional 8,065 shares during the period. 92.58% of the stock is currently owned by institutional investors.
TRADEMARK VIOLATION WARNING: This piece was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this piece on another site, it was illegally stolen and republished in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://www.americanbankingnews.com/2017/12/04/kaman-co-kamn-receives-average-rating-of-hold-from-analysts.html.
Kaman 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.
Receive News & Ratings for Kaman Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kaman Co. and related companies with MarketBeat.com's FREE daily email newsletter.