Kaman Co. (NYSE:KAMN)’s share price reached a new 52-week high on Thursday . The stock traded as high as $65.74 and last traded at $65.74, with a volume of 569 shares traded. The stock had previously closed at $64.87.
Several research analysts have recently weighed in on KAMN shares. ValuEngine raised shares of Kaman from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 1st. Zacks Investment Research raised shares of Kaman from a “hold” rating to a “strong-buy” rating and set a $74.00 target price on the stock in a research report on Saturday. Finally, TheStreet raised shares of Kaman from a “c+” rating to a “b” rating in a research report on Thursday.
The firm’s 50-day moving average price is $59.13 and its two-hundred day moving average price is $59.73. The firm has a market capitalization of $1.82 billion, a PE ratio of 22.44 and a beta of 0.76. The company has a quick ratio of 1.48, a current ratio of 4.00 and a debt-to-equity ratio of 0.23.
Kaman (NYSE:KAMN) last announced its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.46 EPS for the quarter, beating 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 firm had revenue of $182.67 million for the quarter, compared to the consensus estimate of $177.33 million. During the same period in the previous year, the firm posted $0.57 earnings per share. The firm’s revenue was up 16.3% on a year-over-year basis. Equities research analysts forecast that Kaman Co. will post 1.92 EPS for the current year.
In related news, Director E Reeves Callaway III sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $57.25, for a total transaction of $57,250.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Brian E. Barents sold 6,733 shares of the business’s stock in a transaction that occurred 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 transaction, 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. Insiders own 2.01% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in KAMN. CWM LLC grew its position in Kaman by 3,100.0% during the third quarter. CWM LLC now owns 416 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 403 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Kaman during the second quarter valued at approximately $51,000. Bourgeon Capital Management LLC purchased a new position in Kaman during the third quarter valued at approximately $70,000. Advisory Services Network LLC grew its position in Kaman by 45.0% during the second quarter. Advisory Services Network LLC now owns 1,581 shares of the industrial products company’s stock valued at $101,000 after purchasing an additional 491 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Kaman by 33.8% in the second quarter. Tower Research Capital LLC TRC now owns 1,631 shares of the industrial products company’s stock valued at $104,000 after acquiring an additional 412 shares during the last quarter. 92.63% of the stock is currently owned by hedge funds and other institutional investors.
About Kaman (NYSE:KAMN)
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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