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

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

Kaman Stock Performance

Shares of Kaman stock opened at $45.99 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.32 and a debt-to-equity ratio of 0.52. Kaman has a twelve month low of $18.06 and a twelve month high of $46.00. The business has a 50-day moving average price of $45.84 and a 200-day moving average price of $34.28. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 148.35 and a beta of 1.18.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of KAMN. Gladius Capital Management LP bought a new stake in shares of Kaman during the 4th quarter worth approximately $36,000. Quarry LP bought a new stake in shares of Kaman during the fourth quarter worth $69,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of 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 purchasing an additional 2,577 shares during the period. EWA LLC bought a new position in shares of Kaman in the fourth quarter worth about $142,000. Finally, Quantbot Technologies LP increased its stake in Kaman by 76.7% in the 3rd quarter. Quantbot Technologies LP now owns 9,625 shares of the industrial products company’s stock worth $189,000 after buying an additional 4,179 shares during the period. Hedge funds and other institutional investors 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.