Kaman Co. (NYSE:KAMN) Director Sells $66,490.65 in Stock

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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.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Tuesday, December 17th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.26%. The ex-dividend date is Monday, December 16th. Kaman’s dividend payout ratio (DPR) is currently 27.78%.

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.

About Kaman

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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