Kaman (NYSE:KAMN) Now Covered by StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Kaman (NYSE:KAMN) in a research note issued on Sunday. The firm set 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 Price Performance

Kaman stock opened at $45.99 on Friday. Kaman has a 12-month low of $18.06 and a 12-month high of $46.00. The stock has a market capitalization of $1.30 billion, a P/E ratio of 148.35 and a beta of 1.18. The firm’s 50-day moving average is $45.85 and its two-hundred day moving average is $34.57. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.32 and a quick ratio of 0.71.

Kaman (NYSE:KAMN) last released its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to analysts’ expectations of $196.70 million.

Institutional Investors Weigh In On Kaman

Hedge funds have recently modified their holdings of the stock. Barclays PLC boosted its position in shares of Kaman by 69.9% in the third quarter. Barclays PLC now owns 30,508 shares of the industrial products company’s stock worth $598,000 after acquiring an additional 12,550 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Kaman by 5.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 538,169 shares of the industrial products company’s stock valued at $10,575,000 after buying an additional 27,200 shares in the last quarter. Quadrature Capital Ltd lifted its position in Kaman by 127.8% during the third quarter. Quadrature Capital Ltd now owns 20,869 shares of the industrial products company’s stock valued at $410,000 after buying an additional 11,706 shares in the last quarter. Versor Investments LP acquired a new position in Kaman during the third quarter valued at approximately $479,000. Finally, New York State Common Retirement Fund lifted its position in Kaman by 174.3% during the third quarter. New York State Common Retirement Fund now owns 30,150 shares of the industrial products company’s stock valued at $592,000 after buying an additional 19,158 shares in the last quarter. 85.70% of the stock is owned by institutional investors and hedge funds.

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.