Kaman Corporation (KAMN) Receives $57.50 Average PT from Analysts
Kaman Corporation (NYSE:KAMN) has been assigned an average recommendation of “Hold” from the seven analysts that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $57.50.
A number of research analysts recently issued reports on the stock. BidaskClub upgraded shares of Kaman Corporation from a “strong sell” rating to a “sell” rating in a report on Thursday, July 6th. Northcoast Research initiated coverage on shares of Kaman Corporation in a report on Tuesday, July 25th. They set a “buy” rating and a $60.00 price target for the company. Finally, Zacks Investment Research upgraded shares of Kaman Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th.
Kaman Corporation (NYSE KAMN) traded up 0.62% during midday trading on Friday, hitting $55.62. 116,274 shares of the company were exchanged. The firm’s 50-day moving average price is $52.76 and its 200-day moving average price is $50.11. The stock has a market capitalization of $1.55 billion, a PE ratio of 29.94 and a beta of 0.70. Kaman Corporation has a one year low of $40.85 and a one year high of $56.50.
Kaman Corporation (NYSE:KAMN) last issued its quarterly earnings data on Monday, July 31st. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The business had revenue of $449.00 million during the quarter, compared to the consensus estimate of $469.24 million. Kaman Corporation had a net margin of 2.95% and a return on equity of 9.24%. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.64 EPS. Equities research analysts anticipate that Kaman Corporation will post $2.48 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Tuesday, September 19th were paid a $0.20 dividend. The ex-dividend date was Monday, September 18th. This represents a $0.80 annualized dividend and a dividend yield of 1.44%. Kaman Corporation’s dividend payout ratio is currently 43.24%.
In other news, Director Richard J. Swift sold 2,404 shares of Kaman Corporation stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $50.70, for a total value of $121,882.80. Following the completion of the sale, the director now owns 19,937 shares in the company, valued at approximately $1,010,805.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.38% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in Kaman Corporation in the 2nd quarter valued at $104,000. Envestnet Asset Management Inc. grew its position in Kaman Corporation by 5.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,176 shares of the industrial products company’s stock valued at $105,000 after purchasing an additional 122 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in Kaman Corporation in the 1st quarter valued at $112,000. Huntington National Bank grew its position in Kaman Corporation by 25.0% in the 2nd quarter. Huntington National Bank now owns 2,500 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 500 shares during the period. Finally, Public Employees Retirement System of Ohio grew its position in Kaman Corporation by 5.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,652 shares of the industrial products company’s stock valued at $132,000 after purchasing an additional 145 shares during the period. Institutional investors own 93.71% of the company’s stock.
About Kaman Corporation
Kaman Corporation conducts business in the aerospace and distribution markets. The Company operates through two segments: Distribution and Aerospace. The Company’s brands include KAflex, KAron and K-MAX. Distribution segment is a power transmission, motion control, and fluid power industrial distributor with operations throughout the United States.
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