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Kaman (NYSE:KAMN - Get Rating) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Tuesday.
A number of other analysts have also recently weighed in on KAMN. CJS Securities initiated coverage on shares of Kaman in a research report on Tuesday, June 14th. They set a "market outperform" rating and a $45.00 price target for the company. KeyCorp cut their target price on shares of Kaman from $52.00 to $45.00 in a research note on Wednesday, May 4th.
Shares of NYSE:KAMN opened at $31.60 on Tuesday. The company has a quick ratio of 2.93, a current ratio of 4.80 and a debt-to-equity ratio of 0.25. The company has a market cap of $884.10 million, a P/E ratio of 22.25 and a beta of 1.25. Kaman has a 52 week low of $30.19 and a 52 week high of $51.17. The company has a 50-day moving average price of $34.96 and a 200 day moving average price of $39.82.
Kaman (NYSE:KAMN - Get Rating) last issued its quarterly earnings data on Monday, May 2nd. The industrial products company reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.11). The business had revenue of $158.05 million for the quarter, compared to analysts' expectations of $178.00 million. Kaman had a return on equity of 6.37% and a net margin of 5.71%. During the same period last year, the business earned $0.29 earnings per share. Analysts expect that Kaman will post 1.82 EPS for the current year.
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In related news, Director E Reeves Callaway III sold 3,707 shares of the firm's stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $34.92, for a total transaction of $129,448.44. Following the completion of 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 is available at this link. Company insiders own 0.77% of the company's stock.
A number of institutional investors have recently bought and sold shares of the stock. Wall Street Access Asset Management LLC acquired a new position in Kaman in the 1st quarter worth approximately $219,000. Advisors Asset Management Inc. lifted its position in Kaman by 32.8% in the 1st quarter. Advisors Asset Management Inc. now owns 15,121 shares of the industrial products company's stock worth $657,000 after buying an additional 3,731 shares in the last quarter. Royal Bank of Canada lifted its position in Kaman by 86.0% in the 1st quarter. Royal Bank of Canada now owns 2,197 shares of the industrial products company's stock worth $96,000 after buying an additional 1,016 shares in the last quarter. Captrust Financial Advisors lifted its position in Kaman by 21.9% in the 1st quarter. Captrust Financial Advisors now owns 4,582 shares of the industrial products company's stock worth $200,000 after buying an additional 822 shares in the last quarter. Finally, State Street Corp lifted its position in Kaman by 13.5% in the 1st quarter. State Street Corp now owns 1,458,842 shares of the industrial products company's stock worth $63,716,000 after buying an additional 173,595 shares in the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.
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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