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

StockNews.com started coverage on shares of Kaman (NYSE:KAMN) in a research note released on Sunday morning. 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 Price Performance

Shares of NYSE KAMN opened at $45.99 on Friday. The firm has a market cap of $1.30 billion, a P/E ratio of 148.35 and a beta of 1.18. The business’s 50 day moving average is $45.87 and its 200-day moving average is $34.84. 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 1-year low of $18.06 and a 1-year high of $46.00.

Kaman (NYSE:KAMN) last released its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.12 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.74%. Kaman’s dividend payout ratio (DPR) is 258.06%.

Hedge Funds Weigh In On Kaman

A number of hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Kaman during the 3rd quarter worth approximately $339,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Kaman by 89.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,451 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 2,577 shares in the last quarter. Versor Investments LP acquired a new position in shares of Kaman during the third quarter valued at about $479,000. Illinois Municipal Retirement Fund bought a new position in shares of Kaman during the 3rd quarter worth about $368,000. Finally, Jump Financial LLC grew its stake in shares of Kaman by 69.7% in the 3rd quarter. Jump Financial LLC now owns 18,492 shares of the industrial products company’s stock valued at $363,000 after buying an additional 7,592 shares during the period. Institutional investors own 85.70% of the company’s stock.

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.