Kaman (NYSE:KAMN) Downgraded by StockNews.com to “Sell”

StockNews.com cut shares of Kaman (NYSE:KAMN – Get Rating) from a hold rating to a sell rating in a report published on Monday.

KAMN has been the topic of a number of other research reports. JPMorgan Chase & Co. began coverage on shares of Kaman in a research note on Monday, October 31st. They issued an underweight rating and a $37.00 price target on the stock. TheStreet cut shares of Kaman from a c rating to a d+ rating in a research note on Wednesday, November 2nd. Two investment analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $42.33.

Kaman Price Performance

Shares of NYSE:KAMN opened at $23.16 on Monday. Kaman has a twelve month low of $18.88 and a twelve month high of $46.50. The company’s 50 day moving average is $21.34 and its 200 day moving average is $27.03. The company has a current ratio of 4.39, a quick ratio of 2.46 and a debt-to-equity ratio of 0.80. The company has a market cap of $648.92 million, a PE ratio of 36.76 and a beta of 0.97.

Kaman (NYSE:KAMN – Get Rating) last issued its quarterly earnings data on Tuesday, November 1st. The industrial products company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.34). The firm had revenue of $172.00 million for the quarter, compared to analyst estimates of $189.87 million. Kaman had a return on equity of 4.52% and a net margin of 2.69%. On average, sell-side analysts forecast that Kaman will post 1.02 EPS for the current year.

Kaman Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 12th. Shareholders of record on Tuesday, December 20th were issued a $0.20 dividend. The ex-dividend date was Monday, December 19th. This represents a $0.80 dividend on an annualized basis and a yield of 3.45%. Kaman’s payout ratio is currently 126.99%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KAMN. BlackRock Inc. raised its holdings in shares of Kaman by 8.1% during the 1st quarter. BlackRock Inc. now owns 4,989,024 shares of the industrial products company’s stock worth $216,923,000 after acquiring an additional 375,067 shares during the period. State Street Corp increased its position in shares of Kaman by 18.2% during the 2nd quarter. State Street Corp now owns 1,724,590 shares of the industrial products company’s stock worth $54,173,000 after purchasing an additional 265,748 shares during the last quarter. Citadel Advisors LLC increased its position in shares of Kaman by 845.8% during the 2nd quarter. Citadel Advisors LLC now owns 271,019 shares of the industrial products company’s stock worth $8,470,000 after purchasing an additional 242,363 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Kaman by 10.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,398,105 shares of the industrial products company’s stock valued at $39,050,000 after acquiring an additional 137,979 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in Kaman by 46.3% in the 3rd quarter. Victory Capital Management Inc. now owns 375,653 shares of the industrial products company’s stock valued at $10,492,000 after acquiring an additional 118,807 shares in the last quarter. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Kaman Company Profile

(Get Rating)

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.