Kaman (NYSE:KAMN) Earns Buy Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Kaman (NYSE:KAMN) in a research report issued on Thursday. 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 opened at $45.85 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.32 and a quick ratio of 0.71. The stock has a market capitalization of $1.30 billion, a P/E ratio of 147.90 and a beta of 1.18. The company’s 50 day simple moving average is $45.62 and its 200-day simple moving average is $31.15. Kaman has a one year low of $18.06 and a one year high of $45.94.

Kaman (NYSE:KAMN) last announced its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. The firm had revenue of $203.12 million for the quarter, compared to analyst estimates of $196.70 million. Kaman had a return on equity of 2.14% and a net margin of 1.12%.

Hedge Funds Weigh In On Kaman

Several hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC boosted its position in shares of Kaman by 69.9% during the third 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 in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Kaman by 5.3% in 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 acquiring an additional 27,200 shares during the period. Quadrature Capital Ltd increased its holdings in shares of Kaman by 127.8% in the third quarter. Quadrature Capital Ltd now owns 20,869 shares of the industrial products company’s stock worth $410,000 after acquiring an additional 11,706 shares in the last quarter. Versor Investments LP bought a new stake in shares of Kaman in the third quarter worth about $479,000. Finally, New York State Common Retirement Fund raised its position in shares of 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 worth $592,000 after purchasing an additional 19,158 shares during the period. Institutional investors and hedge funds 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.