Posted by admin on May 6th, 2022
Kaman Co. (NYSE:KAMN – Get Rating) – Analysts at KeyCorp cut their Q2 2022 earnings estimates for shares of Kaman in a research report issued on Tuesday, May 3rd. KeyCorp analyst S. Barger now expects that the industrial products company will earn $0.38 per share for the quarter, down from their previous estimate of $0.52. KeyCorp also issued estimates for Kaman’s FY2022 earnings at $1.82 EPS, Q1 2023 earnings at $0.39 EPS, Q2 2023 earnings at $0.47 EPS, Q3 2023 earnings at $0.61 EPS, Q4 2023 earnings at $0.57 EPS and FY2023 earnings at $2.04 EPS.
KAMN has been the topic of several other reports. StockNews.com raised Kaman from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Zacks Investment Research raised Kaman from a “sell” rating to a “hold” rating in a research report on Friday, April 29th.
Shares of NYSE KAMN opened at $34.64 on Friday. The company has a quick ratio of 2.92, a current ratio of 4.80 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average is $42.09 and its two-hundred day moving average is $41.30. The company has a market cap of $965.76 million, a P/E ratio of 24.39 and a beta of 1.23. Kaman has a 12 month low of $33.93 and a 12 month high of $57.36.
Kaman (NYSE:KAMN – Get Rating) last posted its earnings results on Monday, May 2nd. The industrial products company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.20). 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.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC grew its position 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 acquiring an additional 275 shares during the period. Parallel Advisors LLC grew its position in Kaman by 483.0% in the fourth quarter. Parallel Advisors LLC now owns 892 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 739 shares during the period. Quadrant Capital Group LLC grew its position in Kaman by 463.8% in the fourth quarter. Quadrant Capital Group LLC now owns 981 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 807 shares during the period. Point72 Hong Kong Ltd bought a new stake in Kaman in the third quarter valued at $52,000. Finally, Public Employees Retirement System of Ohio grew its position 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 acquiring an additional 322 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 14th. Stockholders of record on Tuesday, March 15th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date was Monday, March 14th. Kaman’s dividend payout ratio is presently 56.34%.
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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