Kaman (NYSE:KAMN) Earns Buy Rating from Analysts at StockNews.com

Equities researchers at StockNews.com began coverage on shares of Kaman (NYSE:KAMN) in a report released on Saturday. The firm set a “buy” rating on the industrial products company’s stock.

Separately, TheStreet upgraded Kaman from a “d+” rating to a “c-” rating in a report on Monday, January 22nd.

Kaman Price Performance

Shares of NYSE:KAMN opened at $45.99 on Friday. The business’s fifty day moving average price is $45.79 and its two-hundred day moving average price is $33.46. The stock has a market cap of $1.30 billion, a PE ratio of 148.35 and a beta of 1.18. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.71 and a current ratio of 1.32. Kaman has a one year low of $18.06 and a one year high of $46.00.

Kaman (NYSE:KAMN) last announced its earnings results on Thursday, February 22nd. The industrial products company reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. Kaman had a return on equity of 2.14% and a net margin of 1.12%. The firm had revenue of $203.12 million for the quarter, compared to analysts’ expectations of $196.70 million.

Institutional Investors Weigh In On Kaman

Several hedge funds have recently made changes to their positions in the business. Gladius Capital Management LP purchased a new position in shares of Kaman in the 4th quarter worth $36,000. Quarry LP purchased a new position in shares of Kaman in the 4th quarter worth $69,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Kaman by 89.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,451 shares of the industrial products company’s stock worth $107,000 after buying an additional 2,577 shares during the period. EWA LLC purchased a new position in shares of Kaman in the 4th quarter worth $142,000. Finally, Quantbot Technologies LP raised its position in shares of Kaman by 76.7% in the 3rd quarter. Quantbot Technologies LP now owns 9,625 shares of the industrial products company’s stock worth $189,000 after buying an additional 4,179 shares during the period. 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.