Kaman (NYSE:KAMN) Stock Rating Upgraded by TheStreet

TheStreet upgraded shares of Kaman (NYSE:KAMN) from a c+ rating to a b rating in a research report report published on Thursday, TheStreetRatingsTable reports.

Several other analysts also recently commented on the stock. ValuEngine upgraded shares of Kaman from a buy rating to a strong-buy rating in a report on Friday, November 1st. Zacks Investment Research upgraded shares of Kaman from a strong sell rating to a hold rating in a report on Thursday, August 29th.

Shares of KAMN stock traded up $0.32 on Thursday, hitting $64.64. The stock had a trading volume of 113,872 shares, compared to its average volume of 129,077. The business has a 50 day moving average of $59.13 and a 200 day moving average of $59.73. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 22.44 and a beta of 0.76. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.00 and a quick ratio of 1.48. Kaman has a 12-month low of $51.34 and a 12-month high of $65.91.

Kaman (NYSE:KAMN) last announced its earnings results on Monday, November 4th. The industrial products company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.07. The company had revenue of $182.67 million during the quarter, compared to the consensus estimate of $177.33 million. Kaman had a net margin of 14.74% and a return on equity of 9.94%. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.57 earnings per share. As a group, research analysts expect that Kaman will post 1.92 earnings per share for the current fiscal year.

In related news, Director E Reeves Callaway III sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $57.25, for a total transaction of $57,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian E. Barents sold 6,733 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $56.78, for a total transaction of $382,299.74. Following the sale, the director now owns 29,144 shares of the company’s stock, valued at approximately $1,654,796.32. The disclosure for this sale can be found here. Company insiders own 2.01% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of KAMN. CWM LLC boosted its position in Kaman by 3,100.0% during the third quarter. CWM LLC now owns 416 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 403 shares during the period. Point72 Asset Management L.P. bought a new position in Kaman during the second quarter worth about $51,000. Bourgeon Capital Management LLC bought a new position in Kaman during the third quarter worth about $70,000. Advisory Services Network LLC boosted its position in Kaman by 45.0% during the second quarter. Advisory Services Network LLC now owns 1,581 shares of the industrial products company’s stock worth $101,000 after purchasing an additional 491 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in Kaman by 33.8% during the second quarter. Tower Research Capital LLC TRC now owns 1,631 shares of the industrial products company’s stock worth $104,000 after purchasing an additional 412 shares during the period. Institutional investors and hedge funds own 92.63% of the company’s stock.

Kaman Company Profile

Kaman Corporation operates in the aerospace and distribution markets. The company 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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