According to Zacks, “Kaman Corporation is in the following business segments: Aerospace, Industrial Distribution, and Music Distribution. The Aerospace segment serves commercial, U.S. defense and foreign government markets. The Industrial Distribution segment serves nearly every sector of U.S. industry with industrial replacement parts as well as support services. The Music Distribution segment serves domestic and foreign markets with a wide variety of music instruments and accessories and manufactures guitars and other music products for professional and amateur musicians. “
Shares of Kaman Corp. (NYSE:KAMN) opened at 43.09 on Tuesday. The company’s 50-day moving average is $44.28 and its 200-day moving average is $42.93. Kaman Corp. has a 52-week low of $36.63 and a 52-week high of $45.62. The firm has a market cap of $1.17 billion, a P/E ratio of 22.93 and a beta of 1.09.
Kaman Corp. (NYSE:KAMN) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.64 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.64. Kaman Corp. had a return on equity of 11.84% and a net margin of 2.89%. The company earned $470.06 million during the quarter, compared to the consensus estimate of $459.13 million. During the same period last year, the business earned $0.63 EPS. The business’s quarterly revenue was up 5.3% on a year-over-year basis. Equities research analysts forecast that Kaman Corp. will post $2.55 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 6th. Stockholders of record on Tuesday, September 20th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date was Friday, September 16th. Kaman Corp.’s dividend payout ratio (DPR) is presently 38.30%.
In related news, VP John J. Tedone sold 9,442 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $44.82, for a total value of $423,190.44. Following the transaction, the vice president now directly owns 19,190 shares of the company’s stock, valued at approximately $860,095.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Neal J. Keating acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was bought at an average cost of $42.65 per share, for a total transaction of $85,300.00. The disclosure for this purchase can be found here. Insiders own 2.47% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of KAMN. Quantbot Technologies LP increased its position 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 worth $103,000 after buying an additional 1,017 shares during the last quarter. Public Employees Retirement System of Ohio increased its position 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 worth $110,000 after buying an additional 166 shares during the last quarter. Bruderman Asset Management LLC increased its position 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 worth $140,000 after buying an additional 1,291 shares during the last quarter. PineBridge Investments L.P. increased its position 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 worth $146,000 after buying an additional 131 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position 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 worth $147,000 after buying an additional 1,510 shares during the last quarter. 97.31% of the stock is currently owned by institutional investors and hedge funds.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Kaman Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kaman Corp. and related companies with MarketBeat.com's FREE daily email newsletter.