ValuEngine lowered shares of Kaman (NYSE:KAMN) from a buy rating to a hold rating in a research note issued to investors on Monday, February 4th.
Several other equities analysts also recently commented on KAMN. Zacks Investment Research raised Kaman from a sell rating to a hold rating in a research report on Thursday, October 11th. JPMorgan Chase & Co. downgraded Kaman from a neutral rating to an underweight rating and set a $56.86 target price on the stock. in a research report on Friday, December 14th. Finally, TheStreet cut Kaman from a b- rating to a c+ rating in a research note on Monday, December 24th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. Kaman currently has a consensus rating of Hold and an average target price of $61.95.
KAMN stock opened at $62.17 on Monday. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 21.59 and a beta of 0.60. Kaman has a 1-year low of $51.34 and a 1-year high of $75.08. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.59 and a current ratio of 2.70.
Kaman (NYSE:KAMN) last released its earnings results on Monday, February 25th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.28. The business had revenue of $500.90 million for the quarter, compared to the consensus estimate of $486.52 million. Kaman had a return on equity of 11.10% and a net margin of 2.40%. Kaman’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 earnings per share. Analysts predict that Kaman will post 3.68 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 11th. Shareholders of record on Tuesday, March 19th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.29%. The ex-dividend date is Monday, March 18th. Kaman’s payout ratio is presently 27.78%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Piedmont Investment Advisors Inc. increased its holdings in shares of Kaman by 3.1% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 6,648 shares of the industrial products company’s stock worth $373,000 after buying an additional 199 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Kaman by 4.1% in the fourth quarter. Victory Capital Management Inc. now owns 9,766 shares of the industrial products company’s stock valued at $548,000 after purchasing an additional 381 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Kaman by 30.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,747 shares of the industrial products company’s stock valued at $98,000 after purchasing an additional 411 shares during the period. Thrivent Financial for Lutherans increased its holdings in Kaman by 2.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 19,968 shares of the industrial products company’s stock valued at $1,120,000 after purchasing an additional 439 shares during the period. Finally, Teachers Advisors LLC increased its holdings in Kaman by 1.1% in the third quarter. Teachers Advisors LLC now owns 59,992 shares of the industrial products company’s stock valued at $4,006,000 after purchasing an additional 636 shares during the period. Hedge funds and other institutional investors own 96.89% of the company’s stock.
Kaman Corporation operates in the aerospace and distribution markets. It operates through two segments, Distribution and Aerospace. The Distribution segment distributes electro-mechanical products; bearings; and power transmission, motion control, and electrical and fluid power components, as well as offers value-added services.
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