E Reeves Callaway III Sells 2,697 Shares of Kaman Corporation (KAMN) Stock
Kaman Corporation (NYSE:KAMN) Director E Reeves Callaway III sold 2,697 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $56.41, for a total transaction of $152,137.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Kaman Corporation (NYSE KAMN) opened at $56.55 on Thursday. The company has a current ratio of 2.85, a quick ratio of 1.35 and a debt-to-equity ratio of 0.64. The firm has a market cap of $1,557.92, a PE ratio of 28.72 and a beta of 0.73. Kaman Corporation has a 1 year low of $43.15 and a 1 year high of $57.11.
Kaman Corporation (NYSE:KAMN) last issued its earnings results on Thursday, October 26th. The industrial products company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.07. The firm had revenue of $447.00 million during the quarter, compared to analyst estimates of $461.06 million. Kaman Corporation had a net margin of 2.90% and a return on equity of 9.30%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the business earned $0.64 earnings per share. sell-side analysts expect that Kaman Corporation will post 2.34 EPS for the current fiscal year.
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Several institutional investors have recently made changes to their positions in KAMN. SG Americas Securities LLC purchased a new stake in shares of Kaman Corporation in the second quarter worth about $104,000. Huntington National Bank lifted its holdings in shares of Kaman Corporation by 25.0% in the second quarter. Huntington National Bank now owns 2,500 shares of the industrial products company’s stock worth $125,000 after buying an additional 500 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Kaman Corporation by 5.8% in the second quarter. Public Employees Retirement System of Ohio now owns 2,652 shares of the industrial products company’s stock worth $132,000 after buying an additional 145 shares in the last quarter. Flinton Capital Management LLC lifted its holdings in shares of Kaman Corporation by 67.7% in the second quarter. Flinton Capital Management LLC now owns 3,706 shares of the industrial products company’s stock worth $185,000 after buying an additional 1,496 shares in the last quarter. Finally, Riverhead Capital Management LLC lifted its holdings in shares of Kaman Corporation by 69.5% in the second quarter. Riverhead Capital Management LLC now owns 3,730 shares of the industrial products company’s stock worth $186,000 after buying an additional 1,530 shares in the last quarter. 93.97% of the stock is currently owned by hedge funds and other institutional investors.
KAMN has been the subject of several analyst reports. BidaskClub upgraded shares of Kaman Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, October 4th. Northcoast Research initiated coverage on shares of Kaman Corporation in a report on Tuesday, July 25th. They issued a “buy” rating and a $60.00 target price for the company. Finally, Zacks Investment Research upgraded shares of Kaman Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $56.67.
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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