Kaman (NYSE:KAMN) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Kaman (NYSE:KAMN) in a research report released on Tuesday. The brokerage issued a buy rating on the industrial products company’s stock.

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

Kaman Stock Up 0.0 %

KAMN stock opened at $45.87 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 0.71 and a debt-to-equity ratio of 0.52. Kaman has a twelve month low of $18.06 and a twelve month high of $45.94. The company’s 50 day moving average is $45.49 and its two-hundred day moving average is $29.65. The stock has a market cap of $1.30 billion, a P/E ratio of 147.97 and a beta of 1.18.

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

Kaman Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 11th. Investors of record on Tuesday, March 19th will be given a $0.20 dividend. The ex-dividend date is Monday, March 18th. This represents a $0.80 dividend on an annualized basis and a yield of 1.74%. Kaman’s dividend payout ratio (DPR) is 258.06%.

Hedge Funds Weigh In On Kaman

A number of hedge funds and other institutional investors have recently bought and sold shares of KAMN. Quadrature Capital Ltd lifted its holdings in Kaman by 10.3% in the fourth quarter. Quadrature Capital Ltd now owns 23,011 shares of the industrial products company’s stock valued at $551,000 after acquiring an additional 2,142 shares during the period. Quarry LP acquired a new stake in Kaman in the fourth quarter valued at $69,000. Price T Rowe Associates Inc. MD lifted its holdings in Kaman by 2.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 25,763 shares of the industrial products company’s stock valued at $618,000 after acquiring an additional 733 shares during the period. Barclays PLC lifted its holdings in Kaman by 119.5% in the fourth quarter. Barclays PLC now owns 66,966 shares of the industrial products company’s stock valued at $1,604,000 after acquiring an additional 36,458 shares during the period. Finally, Voya Investment Management LLC lifted its holdings in Kaman by 121.3% in the fourth quarter. Voya Investment Management LLC now owns 25,931 shares of the industrial products company’s stock valued at $621,000 after acquiring an additional 14,213 shares during the period. 85.70% of the stock is currently owned by hedge funds and other 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.