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

Equities research analysts at StockNews.com assumed coverage on shares of Kaman (NYSE:KAMN) in a note issued to investors on Saturday. The brokerage set a “buy” rating on the industrial products company’s stock.

Separately, TheStreet raised shares of Kaman from a “d+” rating to a “c-” rating in a research report on Monday, January 22nd.

Kaman Price Performance

Kaman stock opened at $45.99 on Friday. Kaman has a 52 week low of $18.06 and a 52 week high of $46.00. The stock has a fifty day moving average of $45.79 and a 200-day moving average of $33.27. 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 stock has a market capitalization of $1.30 billion, a P/E ratio of 148.35 and a beta of 1.18.

Kaman (NYSE:KAMN) last issued its earnings results on Thursday, February 22nd. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.12. The business had revenue of $203.12 million during the quarter, compared to analysts’ expectations 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

Hedge funds have recently modified their holdings of the company. Gladius Capital Management LP purchased a new stake in shares of Kaman during the 4th quarter worth approximately $36,000. Quarry LP purchased a new stake in Kaman during the fourth quarter valued at about $69,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Kaman by 89.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,451 shares of the industrial products company’s stock valued at $107,000 after buying an additional 2,577 shares during the period. EWA LLC purchased a new stake in Kaman during the fourth quarter valued at about $142,000. Finally, Olympiad Research LP purchased a new stake in shares of Kaman during the fourth quarter worth about $213,000. Institutional investors own 85.70% of the company’s stock.

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.