StockNews.com Begins Coverage on Kaman (NYSE:KAMN)

StockNews.com initiated coverage on shares of Kaman (NYSE:KAMN) in a research note published on Sunday morning. The brokerage issued a buy rating on the industrial products company’s stock.

Separately, TheStreet upgraded Kaman from a d+ rating to a c- rating in a report on Monday, January 22nd.

Kaman Stock Performance

Shares of KAMN opened at $45.99 on Friday. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 148.35 and a beta of 1.18. The company’s fifty day moving average is $45.86 and its 200-day moving average is $34.76. The company has a quick ratio of 0.71, a current ratio of 1.32 and a debt-to-equity ratio of 0.52. Kaman has a 12 month low of $18.06 and a 12 month high of $46.00.

Kaman (NYSE:KAMN) last posted its earnings results on Thursday, February 22nd. The industrial products company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. Kaman had a net margin of 1.12% and a return on equity of 2.14%. The firm had revenue of $203.12 million for the quarter, compared to the consensus estimate of $196.70 million.

Kaman Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Tuesday, March 19th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.80 annualized dividend and a yield of 1.74%. Kaman’s dividend payout ratio (DPR) is presently 258.06%.

Institutional Investors Weigh In On Kaman

A number of hedge funds have recently bought and sold shares of KAMN. Dimensional Fund Advisors LP increased its holdings in shares of Kaman by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,322,956 shares of the industrial products company’s stock worth $31,685,000 after purchasing an additional 15,661 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Kaman by 5.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 538,169 shares of the industrial products company’s stock valued at $10,575,000 after acquiring an additional 27,200 shares in the last quarter. Invesco Ltd. increased its stake in Kaman by 6.6% in the third quarter. Invesco Ltd. now owns 336,367 shares of the industrial products company’s stock valued at $6,610,000 after acquiring an additional 20,882 shares during the period. Kennedy Capital Management LLC raised its position in Kaman by 44.8% in the third quarter. Kennedy Capital Management LLC now owns 75,062 shares of the industrial products company’s stock worth $1,475,000 after purchasing an additional 23,219 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its stake in Kaman by 3.2% during the first quarter. New York State Teachers Retirement System now owns 55,966 shares of the industrial products company’s stock worth $2,567,000 after purchasing an additional 1,711 shares during the period. 85.70% of the stock is currently owned by institutional investors.

About Kaman

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, as well as wheels, brakes, and related hydraulic components for helicopters and fixed-wing, and UAV aircraft.