Kaman Corporation (NYSE:KAMN) Director Richard J. Swift sold 1,235 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $56.00, for a total value of $69,160.00. Following the transaction, the director now owns 18,702 shares in the company, valued at approximately $1,047,312. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Kaman Corporation (NYSE KAMN) traded up $0.84 on Friday, hitting $56.88. The company had a trading volume of 205,764 shares, compared to its average volume of 135,401. The firm has a market cap of $1,582.12, a PE ratio of 29.17 and a beta of 0.73. The company has a current ratio of 2.85, a quick ratio of 1.35 and a debt-to-equity ratio of 0.64. Kaman Corporation has a 1-year low of $45.50 and a 1-year high of $57.56.
Kaman Corporation (NYSE:KAMN) last released its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.07. The business had revenue of $447.00 million for the quarter, compared to analysts’ expectations of $461.06 million. Kaman Corporation had a return on equity of 9.30% and a net margin of 2.90%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 EPS. equities analysts expect that Kaman Corporation will post 2.34 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Tuesday, December 19th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Monday, December 18th. Kaman Corporation’s dividend payout ratio is currently 44.20%.
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Several equities analysts have issued reports on KAMN shares. Zacks Investment Research cut Kaman Corporation from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 1st. BidaskClub upgraded Kaman Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, October 4th. Finally, Northcoast Research started coverage on Kaman Corporation in a research report on Tuesday, July 25th. They set a “buy” rating and a $60.00 target price on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $56.67.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California Public Employees Retirement System grew its holdings in shares of Kaman Corporation by 7.4% in the 3rd quarter. California Public Employees Retirement System now owns 54,021 shares of the industrial products company’s stock worth $3,013,000 after acquiring an additional 3,721 shares during the period. Granahan Investment Management Inc. MA grew its holdings in shares of Kaman Corporation by 26.0% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 201,637 shares of the industrial products company’s stock worth $11,247,000 after acquiring an additional 41,596 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of Kaman Corporation by 4.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 204,109 shares of the industrial products company’s stock worth $11,386,000 after acquiring an additional 8,455 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Kaman Corporation by 19.9% in the 3rd quarter. Wells Fargo & Company MN now owns 52,467 shares of the industrial products company’s stock worth $2,926,000 after acquiring an additional 8,720 shares during the period. Finally, Amalgamated Bank acquired a new stake in shares of Kaman Corporation in the 3rd quarter worth approximately $208,000. Institutional investors and hedge funds own 94.96% of the company’s stock.
Kaman Corporation Company Profile
Kaman Corporation conducts business in the aerospace and distribution markets. The Company operates through two segments: Distribution and Aerospace. The Company’s brands include KAflex, KAron and K-MAX. Distribution segment is a power transmission, motion control, and fluid power industrial distributor with operations throughout the United States.
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