Kaman (NYSE:KAMN) Lowered to “Hold” at StockNews.com - Defense World

2022-06-18 19:15:03 By : Ms. Cindy Fu

Posted by admin on Jun 18th, 2022

StockNews.com lowered shares of Kaman (NYSE:KAMN – Get Rating) from a buy rating to a hold rating in a research report sent to investors on Friday.

A number of other research analysts have also recently commented on the stock. CJS Securities assumed coverage on shares of Kaman in a research report on Tuesday. They issued a market outperform rating and a $45.00 target price on the stock. KeyCorp cut their price target on shares of Kaman from $52.00 to $45.00 in a research note on Wednesday, May 4th.

NYSE KAMN opened at $32.18 on Friday. The firm’s 50-day moving average is $37.42 and its two-hundred day moving average is $40.53. Kaman has a 12 month low of $32.18 and a 12 month high of $53.71. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.80 and a quick ratio of 2.93. The stock has a market capitalization of $900.33 million, a P/E ratio of 22.66 and a beta of 1.24.

Kaman (NYSE:KAMN – Get Rating) last posted its earnings results on Monday, May 2nd. The industrial products company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.11). Kaman had a net margin of 5.71% and a return on equity of 6.37%. The company had revenue of $158.05 million during the quarter, compared to analyst estimates of $178.00 million. During the same period in the previous year, the company earned $0.29 EPS. As a group, analysts anticipate that Kaman will post 1.82 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 14th. Shareholders of record on Tuesday, June 21st will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, June 17th. This represents a $0.80 dividend on an annualized basis and a yield of 2.49%. Kaman’s dividend payout ratio (DPR) is presently 56.34%.

In other Kaman news, Director E Reeves Callaway III sold 3,707 shares of the business’s stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $34.92, for a total transaction of $129,448.44. Following the sale, the director now directly owns 2,712 shares in the company, valued at $94,703.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.77% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Maryland State Retirement & Pension System increased its stake in shares of Kaman by 2.4% during the first quarter. Maryland State Retirement & Pension System now owns 11,265 shares of the industrial products company’s stock worth $490,000 after buying an additional 265 shares during the period. CWM LLC increased its stake in Kaman by 59.9% in the first quarter. CWM LLC now owns 734 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 275 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in Kaman by 13.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 2,677 shares of the industrial products company’s stock valued at $116,000 after purchasing an additional 322 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Kaman by 6.9% in the first quarter. Teacher Retirement System of Texas now owns 5,159 shares of the industrial products company’s stock valued at $224,000 after purchasing an additional 331 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in Kaman by 0.6% in the first quarter. Rhumbline Advisers now owns 80,515 shares of the industrial products company’s stock valued at $3,501,000 after purchasing an additional 452 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Kaman Company Profile (Get Rating)

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.

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