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

StockNews.com started coverage on shares of Kaman (NYSE:KAMN) in a report released on Sunday. The firm 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 note on Monday, January 22nd.

Kaman Price Performance

Shares of KAMN opened at $45.99 on Friday. The firm has a market cap of $1.30 billion, a P/E ratio of 148.35 and a beta of 1.18. Kaman has a 12 month low of $18.06 and a 12 month high of $46.00. The stock’s 50 day moving average is $45.84 and its two-hundred day moving average is $34.28. The company has a current ratio of 1.32, a quick ratio of 0.71 and a debt-to-equity ratio of 0.52.

Kaman (NYSE:KAMN) last announced its earnings results on Thursday, February 22nd. The industrial products company reported $0.12 earnings per share (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%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KAMN. SG Americas Securities LLC purchased a new stake in shares of Kaman during the third quarter worth $339,000. 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 worth $107,000 after acquiring an additional 2,577 shares during the last quarter. Versor Investments LP purchased a new stake in Kaman during the 3rd quarter valued at about $479,000. Illinois Municipal Retirement Fund acquired a new stake in Kaman in the 3rd quarter valued at about $368,000. Finally, Jump Financial LLC lifted its stake in Kaman by 69.7% in the 3rd quarter. Jump Financial LLC now owns 18,492 shares of the industrial products company’s stock worth $363,000 after purchasing an additional 7,592 shares in the last quarter. 85.70% of the stock is owned by institutional investors and hedge funds.

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.