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

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

Kaman Stock Performance

Shares of 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 company’s fifty day moving average price is $45.70 and its 200 day moving average price is $32.16. The company has a market capitalization of $1.30 billion, a PE ratio of 148.39 and a beta of 1.18. Kaman has a 1 year low of $18.06 and a 1 year high of $46.00.

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

Institutional Investors Weigh In On Kaman

A number of hedge funds have recently modified their holdings of KAMN. Barclays PLC grew its holdings in shares of Kaman by 69.9% in the third quarter. Barclays PLC now owns 30,508 shares of the industrial products company’s stock valued at $598,000 after purchasing an additional 12,550 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 purchasing an additional 27,200 shares during the period. Quadrature Capital Ltd grew 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 valued at $410,000 after purchasing an additional 11,706 shares during the period. Versor Investments LP purchased a new stake in shares of Kaman in the third quarter valued at about $479,000. Finally, New York State Common Retirement Fund grew its holdings in shares of Kaman by 174.3% in the third quarter. New York State Common Retirement Fund now owns 30,150 shares of the industrial products company’s stock valued at $592,000 after purchasing an additional 19,158 shares during the period. 85.70% of the stock is currently owned by institutional investors and hedge funds.

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.