Kaman Co. (NYSE:KAMN) Director E Reeves Callaway III sold 1,063 shares of Kaman stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $62.55, for a total transaction of $66,490.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of NYSE KAMN traded up $0.36 during mid-day trading on Wednesday, hitting $63.69. The stock had a trading volume of 132,154 shares, compared to its average volume of 131,973. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.27 and a current ratio of 4.00. Kaman Co. has a 1 year low of $51.34 and a 1 year high of $65.91. The business has a 50 day moving average price of $61.74 and a two-hundred day moving average price of $60.05. The firm has a market cap of $1.77 billion, a P/E ratio of 22.11 and a beta of 0.81.
Kaman (NYSE:KAMN) last issued its earnings results on Monday, November 4th. The industrial products company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.39 by $0.07. The company had revenue of $182.67 million for the quarter, compared to the consensus estimate of $177.33 million. Kaman had a net margin of 14.74% and a return on equity of 9.94%. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 earnings per share. Equities research analysts predict that Kaman Co. will post 1.9 EPS for the current fiscal year.
Several research analysts recently commented on KAMN shares. TheStreet raised shares of Kaman from a “c+” rating to a “b” rating in a research note on Thursday, November 7th. Zacks Investment Research raised shares of Kaman from a “hold” rating to a “strong-buy” rating and set a $74.00 target price on the stock in a research note on Saturday, November 9th. Finally, ValuEngine raised shares of Kaman from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 1st.
Large investors have recently added to or reduced their stakes in the stock. CWM LLC boosted its holdings in Kaman by 3,100.0% in the third quarter. CWM LLC now owns 416 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 403 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Kaman in the second quarter valued at $51,000. Bourgeon Capital Management LLC bought a new stake in Kaman in the third quarter valued at $70,000. Resources Management Corp CT ADV bought a new stake in Kaman in the third quarter valued at $74,000. Finally, Advisory Services Network LLC boosted its holdings in Kaman by 45.0% in the second quarter. Advisory Services Network LLC now owns 1,581 shares of the industrial products company’s stock valued at $101,000 after acquiring an additional 491 shares in the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.
Kaman Corporation operates in the aerospace and distribution markets. The company operates through two segments, Distribution and Aerospace. The Distribution segment distributes electro-mechanical products; bearings; and power transmission, motion control, and electrical and fluid power components, as well as offers value-added services.
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