Shares of Kaman Co. (NYSE:KAMN) have earned a consensus rating of “Hold” from the six brokerages that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $60.00.

A number of brokerages have commented on KAMN. BidaskClub upgraded Kaman from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Zacks Investment Research upgraded Kaman from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th.

Kaman (NYSE KAMN) opened at $61.70 on Tuesday. The firm has a market capitalization of $1,716.74, a price-to-earnings ratio of 34.09 and a beta of 0.75. Kaman has a 52-week low of $45.50 and a 52-week high of $61.98. The company has a current ratio of 2.85, a quick ratio of 1.35 and a debt-to-equity ratio of 0.64.

Kaman (NYSE:KAMN) last posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.07. Kaman had a return on equity of 9.30% and a net margin of 2.90%. The firm had revenue of $447.00 million for the quarter, compared to analyst estimates of $461.06 million. During the same period in the previous year, the firm earned $0.64 earnings per share. Kaman’s quarterly revenue was down 1.4% on a year-over-year basis. equities analysts predict that Kaman will post 2.34 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Tuesday, December 19th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, December 18th. This represents a $0.80 dividend on an annualized basis and a yield of 1.30%. Kaman’s dividend payout ratio (DPR) is currently 44.20%.

In other Kaman news, Director E Reeves Callaway III sold 2,697 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $56.41, for a total value of $152,137.77. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard J. Swift sold 1,235 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $56.00, for a total value of $69,160.00. Following the completion of the transaction, the director now owns 18,702 shares in the company, valued at approximately $1,047,312. The disclosure for this sale can be found here. Insiders own 2.38% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of KAMN. Public Employees Retirement System of Ohio boosted its stake in shares of Kaman by 5.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,652 shares of the industrial products company’s stock worth $132,000 after acquiring an additional 145 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Kaman by 2.0% during the 3rd quarter. Prudential Financial Inc. now owns 47,050 shares of the industrial products company’s stock worth $2,624,000 after acquiring an additional 940 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in shares of Kaman by 7.1% during the 2nd quarter. Thrivent Financial For Lutherans now owns 16,390 shares of the industrial products company’s stock worth $817,000 after acquiring an additional 1,090 shares in the last quarter. Voya Investment Management LLC boosted its stake in shares of Kaman by 9.1% during the 2nd quarter. Voya Investment Management LLC now owns 13,805 shares of the industrial products company’s stock worth $688,000 after acquiring an additional 1,150 shares in the last quarter. Finally, American International Group Inc. boosted its stake in shares of Kaman by 6.2% during the 3rd quarter. American International Group Inc. now owns 21,443 shares of the industrial products company’s stock worth $1,196,000 after acquiring an additional 1,243 shares in the last quarter. Hedge funds and other institutional investors own 92.29% of the company’s stock.

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Kaman Company Profile

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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