Kaman (NYSE:KAMN) Rating Increased to B at TheStreet

Kaman (NYSE:KAMN) was upgraded by stock analysts at TheStreet from a “c+” rating to a “b” rating in a research note issued to investors on Thursday, TheStreetRatingsTable reports.

Several other research analysts have also weighed in on the company. ValuEngine raised Kaman from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 1st. Zacks Investment Research raised Kaman from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 29th.

NYSE:KAMN traded up $0.32 during trading hours on Thursday, hitting $64.64. 113,872 shares of the company’s stock traded hands, compared to its average volume of 129,077. The firm has a market cap of $1.82 billion, a P/E 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 quick ratio of 1.48 and a current ratio of 4.00. The stock’s fifty day moving average price is $59.13 and its two-hundred day moving average price is $59.73.

Kaman (NYSE:KAMN) last posted its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.07. The firm had revenue of $182.67 million for the quarter, compared to analyst estimates of $177.33 million. Kaman had a return on equity of 9.94% and a net margin of 14.74%. Kaman’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 earnings per share. On average, equities research analysts predict that Kaman will post 1.92 earnings per share for the current year.

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

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its position in Kaman by 1.4% in the 2nd quarter. BlackRock Inc. now owns 4,068,538 shares of the industrial products company’s stock worth $259,125,000 after purchasing an additional 57,847 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Kaman by 1.2% during the 2nd quarter. Invesco Ltd. now owns 357,478 shares of the industrial products company’s stock worth $22,768,000 after acquiring an additional 4,318 shares in the last quarter. Investment Counselors of Maryland LLC boosted its stake in shares of Kaman by 1.1% during the 2nd quarter. Investment Counselors of Maryland LLC now owns 347,609 shares of the industrial products company’s stock worth $22,139,000 after acquiring an additional 3,913 shares in the last quarter. Morgan Stanley boosted its stake in shares of Kaman by 140.0% during the 2nd quarter. Morgan Stanley now owns 257,212 shares of the industrial products company’s stock worth $16,381,000 after acquiring an additional 150,036 shares in the last quarter. Finally, Nuveen Asset Management LLC bought a new stake in shares of Kaman during the 2nd quarter worth about $7,164,000. 92.63% of the stock is currently owned by institutional investors.

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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