Shares of Kaman Corp. (NYSE:KAMN) have been assigned an average broker rating score of 1.50 (Buy) from the four brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and three have issued a strong buy recommendation on the company.
Analysts have set a 12-month consensus target price of $47.50 for the company and are anticipating that the company will post $0.56 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Kaman Corp. an industry rank of 157 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised shares of Kaman Corp. from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Wednesday, September 28th.
Shares of Kaman Corp. (NYSE:KAMN) opened at 43.09 on Wednesday. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 22.93 and a beta of 1.09. The stock has a 50 day moving average of $44.28 and a 200 day moving average of $42.93. Kaman Corp. has a 52-week low of $36.63 and a 52-week high of $45.62.
Kaman Corp. (NYSE:KAMN) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.64 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.64. Kaman Corp. had a net margin of 2.89% and a return on equity of 11.84%. The business earned $470.06 million during the quarter, compared to analyst estimates of $459.13 million. During the same period in the previous year, the business posted $0.63 EPS. The company’s quarterly revenue was up 5.3% on a year-over-year basis. On average, analysts predict that Kaman Corp. will post $2.55 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 6th. Stockholders of record on Tuesday, September 20th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Friday, September 16th. Kaman Corp.’s dividend payout ratio (DPR) is presently 38.30%.
In other news, CEO Neal J. Keating acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were purchased at an average cost of $42.65 per share, for a total transaction of $85,300.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John J. Tedone sold 9,442 shares of Kaman Corp. stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $44.82, for a total transaction of $423,190.44. Following the completion of the sale, the vice president now owns 19,190 shares in the company, valued at $860,095.80. The disclosure for this sale can be found here. 2.47% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of KAMN. Quantbot Technologies LP increased its stake in shares of Kaman Corp. by 71.7% in the second quarter. Quantbot Technologies LP now owns 2,436 shares of the company’s stock valued at $103,000 after buying an additional 1,017 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Kaman Corp. by 6.9% in the second quarter. Public Employees Retirement System of Ohio now owns 2,588 shares of the company’s stock valued at $110,000 after buying an additional 166 shares in the last quarter. Bruderman Asset Management LLC increased its stake in shares of Kaman Corp. by 64.7% in the second quarter. Bruderman Asset Management LLC now owns 3,287 shares of the company’s stock valued at $140,000 after buying an additional 1,291 shares in the last quarter. PineBridge Investments L.P. increased its stake in shares of Kaman Corp. by 4.0% in the second quarter. PineBridge Investments L.P. now owns 3,432 shares of the company’s stock valued at $146,000 after buying an additional 131 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Kaman Corp. by 77.2% in the second quarter. Victory Capital Management Inc. now owns 3,465 shares of the company’s stock valued at $147,000 after buying an additional 1,510 shares in the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.
Kaman Corp. Company Profile
Kaman Corporation conducts business in the aerospace and distribution markets. The Company operates through two segments: Distribution and Aerospace. Its Distribution segment is a power transmission, motion control, electrical and automation, and fluid power industrial distributor. It provides products, including bearings, mechanical and electrical power transmission, fluid power, motion control, automation, material handling components, electrical control and power distribution, and maintenance, repair and overhaul (MRO) supplies to a spectrum of industrial markets.
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