StockNews.com Initiates Coverage on Kaman (NYSE:KAMN)

Stock analysts at StockNews.com initiated coverage on shares of Kaman (NYSE:KAMN) in a research report issued on Thursday. The firm set a “buy” rating on the industrial products company’s stock.

Separately, TheStreet upgraded Kaman from a “d+” rating to a “c-” rating in a report on Monday, January 22nd.

Kaman Price Performance

Kaman stock opened at $45.85 on Thursday. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 147.90 and a beta of 1.18. The company has a quick ratio of 0.71, a current ratio of 1.32 and a debt-to-equity ratio of 0.52. The business has a 50-day simple moving average of $45.62 and a 200 day simple moving average of $31.15. Kaman has a 52 week low of $18.06 and a 52 week high of $45.94.

Kaman (NYSE:KAMN) last posted its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. Kaman had a net margin of 1.12% and a return on equity of 2.14%. The firm had revenue of $203.12 million for the quarter, compared to analysts’ expectations of $196.70 million.

Institutional Trading of Kaman

Institutional investors have recently made changes to their positions in the stock. US Bancorp DE boosted its holdings in shares of Kaman by 236.6% during the second quarter. US Bancorp DE now owns 1,067 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 750 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Kaman by 99.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the industrial products company’s stock worth $35,000 after buying an additional 714 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Kaman by 140.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,566 shares of the industrial products company’s stock worth $35,000 after buying an additional 915 shares during the last quarter. Gladius Capital Management LP purchased a new position in shares of Kaman during the fourth quarter valued at approximately $36,000. Finally, FMR LLC raised its holdings in shares of Kaman by 55.2% during the first quarter. FMR LLC now owns 1,679 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 597 shares in the last quarter. Hedge funds and other institutional investors own 85.70% of the company’s stock.

Kaman Company Profile

Kaman Corporation, together with its subsidiaries, operates in the aerospace, defense, medical, and industrial markets. The company operates through three segments: Engineered Products, Precision Products, and Structures. The Engineered Products segment produces and markets aircraft bearings and components; super precision; miniature ball bearings; and spring energized seals, springs, and contacts, as well as wheels, brakes, and related hydraulic components for helicopters and fixed-wing, and UAV aircraft.