Kaman Co. (KAMN) Given Consensus Recommendation of “Hold” by Analysts

Shares of Kaman Co. (NYSE:KAMN) have earned an average recommendation of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $60.00.

A number of analysts have recently commented on KAMN shares. BidaskClub raised Kaman from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Zacks Investment Research raised Kaman from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th.

Kaman (KAMN) opened at $61.70 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.35 and a current ratio of 2.85. Kaman has a 12-month low of $45.50 and a 12-month high of $61.98. The stock has a market capitalization of $1,716.74, a price-to-earnings ratio of 34.09 and a beta of 0.75.

Kaman (NYSE:KAMN) last announced its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.07. Kaman had a return on equity of 9.30% and a net margin of 2.90%. The company had revenue of $447.00 million during the quarter, compared to analyst estimates of $461.06 million. During the same quarter in the previous year, the firm posted $0.64 EPS. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. sell-side analysts expect that Kaman will post 2.34 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Tuesday, December 19th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Monday, December 18th. Kaman’s dividend payout ratio is presently 44.20%.

In other news, Director E Reeves Callaway III sold 2,697 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $56.41, for a total transaction of $152,137.77. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard J. Swift sold 1,235 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $56.00, for a total value of $69,160.00. Following the sale, the director now directly owns 18,702 shares in the company, valued at $1,047,312. The disclosure for this sale can be found here. 2.38% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its position in shares of Kaman by 5.8% during the second quarter. Public Employees Retirement System of Ohio now owns 2,652 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 145 shares during the period. Prudential Financial Inc. raised its position in Kaman by 2.0% during the third quarter. Prudential Financial Inc. now owns 47,050 shares of the industrial products company’s stock valued at $2,624,000 after buying an additional 940 shares during the period. Thrivent Financial For Lutherans raised its position in Kaman by 7.1% during the second quarter. Thrivent Financial For Lutherans now owns 16,390 shares of the industrial products company’s stock valued at $817,000 after buying an additional 1,090 shares during the period. Voya Investment Management LLC raised its position in Kaman by 9.1% during the second quarter. Voya Investment Management LLC now owns 13,805 shares of the industrial products company’s stock valued at $688,000 after buying an additional 1,150 shares during the period. Finally, American International Group Inc. raised its position in Kaman by 6.2% during the third quarter. American International Group Inc. now owns 21,443 shares of the industrial products company’s stock valued at $1,196,000 after buying an additional 1,243 shares during the period. 92.29% 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.

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