Kaman (NYSE:KAMN) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Kaman (NYSE:KAMN) in a report issued on Friday. The firm issued a buy rating on the industrial products company’s stock.

Separately, TheStreet raised shares of Kaman from a d+ rating to a c- rating in a research report on Monday, January 22nd.

Kaman Trading Up 0.3 %

NYSE KAMN opened at $45.99 on Friday. Kaman has a one year low of $18.06 and a one year high of $46.00. The company’s 50 day moving average price is $45.72 and its 200 day moving average price is $32.34. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.71 and a current ratio of 1.32. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 148.35 and a beta of 1.18.

Kaman (NYSE:KAMN) last issued its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. Kaman had a net margin of 1.12% and a return on equity of 2.14%. The company had revenue of $203.12 million during the quarter, compared to the consensus estimate of $196.70 million.

Kaman Announces Dividend

The business also recently declared 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. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Monday, March 18th. Kaman’s payout ratio is currently 258.06%.

Institutional Trading of Kaman

A number of hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers grew its position in shares of Kaman by 0.6% during the first quarter. Rhumbline Advisers now owns 80,515 shares of the industrial products company’s stock worth $3,501,000 after buying an additional 452 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Kaman by 0.9% during the second quarter. Goldman Sachs Group Inc. now owns 52,699 shares of the industrial products company’s stock worth $1,647,000 after buying an additional 466 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in Kaman by 5.8% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 8,990 shares of the industrial products company’s stock worth $218,000 after purchasing an additional 491 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Kaman by 2.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,429 shares of the industrial products company’s stock worth $468,000 after purchasing an additional 497 shares during the last quarter. Finally, FMR LLC lifted its stake in Kaman by 55.2% during the first quarter. FMR LLC now owns 1,679 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 597 shares during the last quarter. Institutional investors and hedge funds own 85.70% of the company’s stock.

Kaman Company Profile

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.