Kaman (NYSE:KAMN) Lifted to B at TheStreet

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

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

KAMN stock traded up $0.32 during trading on Thursday, reaching $64.64. 113,872 shares of the company were exchanged, compared to its average volume of 129,077. The company has a 50-day moving average of $59.13 and a two-hundred day moving average of $59.73. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 22.44 and a beta of 0.76. Kaman has a twelve month low of $51.34 and a twelve month high of $65.91. 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 (NYSE:KAMN) last released its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.07. Kaman had a net margin of 14.74% and a return on equity of 9.94%. The business had revenue of $182.67 million during the quarter, compared to analysts’ expectations of $177.33 million. During the same period in the prior year, the company earned $0.57 EPS. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. On average, analysts forecast that Kaman will post 1.92 EPS for the current year.

In other news, Director E Reeves Callaway III sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $57.25, for a total value of $57,250.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Brian E. Barents sold 6,733 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $56.78, for a total transaction of $382,299.74. Following the completion of the sale, the director now directly owns 29,144 shares in the company, valued at $1,654,796.32. The disclosure for this sale can be found here. Corporate insiders own 2.01% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its stake in shares of Kaman by 45.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,368 shares of the industrial products company’s stock valued at $141,000 after purchasing an additional 737 shares during the last quarter. Bourgeon Capital Management LLC bought a new stake in shares of Kaman in the 3rd quarter valued at $70,000. California Public Employees Retirement System boosted its stake in shares of Kaman by 12.9% in the 3rd quarter. California Public Employees Retirement System now owns 66,011 shares of the industrial products company’s stock valued at $3,925,000 after purchasing an additional 7,565 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Kaman in the 3rd quarter valued at $264,000. Finally, Bfsg LLC bought a new stake in shares of Kaman in the 3rd quarter valued at $972,000. 92.63% of the stock is currently owned by institutional investors.

About Kaman

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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