Kaman (NYSE:KAMN) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Kaman (NYSE:KAMN) in a research report released on Saturday. The brokerage issued 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 Price Performance

Shares of KAMN stock opened at $45.99 on Friday. The firm has a fifty day moving average of $45.79 and a 200-day moving average of $33.36. The company has a quick ratio of 0.71, a current ratio of 1.32 and a debt-to-equity ratio of 0.52. Kaman has a 12-month low of $18.06 and a 12-month high of $46.00. The company 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, 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 the consensus estimate of $196.70 million.

Kaman Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Tuesday, March 19th were paid 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 dividend payout ratio is presently 258.06%.

Hedge Funds Weigh In On Kaman

Hedge funds have recently bought and sold shares of the business. Grizzlyrock Capital LLC bought a new position in Kaman in the 4th quarter valued at about $914,000. Charles Schwab Investment Management Inc. boosted its position in 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 buying an additional 27,200 shares during the period. Versor Investments LP acquired a new position in Kaman in the 3rd quarter valued at approximately $479,000. Kennedy Capital Management LLC raised its stake in shares of Kaman by 44.8% during the third quarter. Kennedy Capital Management LLC now owns 75,062 shares of the industrial products company’s stock valued at $1,475,000 after acquiring an additional 23,219 shares during the last quarter. Finally, Truist Financial Corp bought a new position in shares of Kaman during the fourth quarter valued at $507,000. 85.70% of the stock is owned by institutional investors.

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.