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

Stock analysts at StockNews.com initiated coverage on shares of Kaman (NYSE:KAMN) in a research note issued on Friday. The firm set a “buy” rating on the industrial products company’s stock.

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

Kaman Trading Up 0.3 %

NYSE:KAMN opened at $46.00 on Friday. 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 cap of $1.30 billion, a price-to-earnings ratio of 148.39 and a beta of 1.18. Kaman has a 52 week low of $18.06 and a 52 week high of $46.00. The firm has a 50-day moving average price of $45.70 and a two-hundred day moving average price of $32.16.

Kaman (NYSE:KAMN) last issued 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 during the quarter, compared to analyst estimates of $196.70 million.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Rhumbline Advisers boosted its holdings in Kaman by 0.6% in the 1st quarter. Rhumbline Advisers now owns 80,515 shares of the industrial products company’s stock valued at $3,501,000 after purchasing an additional 452 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Kaman by 0.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 52,699 shares of the industrial products company’s stock valued at $1,647,000 after purchasing an additional 466 shares during the period. Teachers Retirement System of The State of Kentucky boosted its holdings in Kaman by 5.8% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 8,990 shares of the industrial products company’s stock valued at $218,000 after purchasing an additional 491 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Kaman by 2.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,429 shares of the industrial products company’s stock worth $468,000 after acquiring an additional 497 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Kaman by 55.2% during the 1st quarter. FMR LLC now owns 1,679 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 597 shares during the last quarter. 85.70% of the stock is currently owned by hedge funds and other institutional investors.

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.