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.

Kaman (NYSE:KAMN) last issued its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.07. Kaman 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 the consensus estimate of $461.06 million. During the same quarter in the previous year, the firm earned $0.64 earnings per share. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. equities research analysts forecast that Kaman will post 2.34 EPS for the current fiscal year.

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.

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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.

Analyst Recommendations for Kaman (NYSE:KAMN)

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