StockNews.com Begins Coverage on Kaman (NYSE:KAMN)

StockNews.com began coverage on shares of Kaman (NYSE:KAMN) in a research report issued on Saturday. 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 report on Monday, January 22nd.

Kaman Price Performance

KAMN stock opened at $45.99 on Friday. The company has a fifty day moving average price of $45.79 and a 200 day moving average price of $33.27. Kaman has a 12 month low of $18.06 and a 12 month high of $46.00. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 148.35 and a beta of 1.18. 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 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 firm had revenue of $203.12 million during the quarter, compared to the consensus estimate of $196.70 million.

Hedge Funds Weigh In On Kaman

A number of large investors have recently bought and sold shares of KAMN. Barclays PLC grew its stake in shares of Kaman by 69.9% during the 3rd quarter. Barclays PLC now owns 30,508 shares of the industrial products company’s stock worth $598,000 after purchasing an additional 12,550 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Kaman by 5.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 538,169 shares of the industrial products company’s stock worth $10,575,000 after purchasing an additional 27,200 shares during the period. Quadrature Capital Ltd grew its stake in Kaman by 127.8% in the 3rd quarter. Quadrature Capital Ltd now owns 20,869 shares of the industrial products company’s stock valued at $410,000 after acquiring an additional 11,706 shares during the last quarter. Versor Investments LP acquired a new stake in Kaman in the 3rd quarter valued at about $479,000. Finally, New York State Common Retirement Fund grew its stake in Kaman by 174.3% in the 3rd quarter. New York State Common Retirement Fund now owns 30,150 shares of the industrial products company’s stock valued at $592,000 after acquiring an additional 19,158 shares during the last quarter. Hedge funds and other institutional investors own 85.70% of the company’s stock.

About Kaman

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.