News coverage about Kaman (NYSE:KAMN) has trended somewhat positive on Saturday, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kaman earned a news impact score of 0.12 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 46.5672991664385 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
KAMN has been the topic of several recent research reports. BidaskClub raised shares of Kaman from a “strong sell” rating to a “sell” rating in a report on Thursday, September 21st. Zacks Investment Research raised shares of Kaman from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Kaman currently has an average rating of “Hold” and a consensus price target of $60.00.
Shares of Kaman (NYSE:KAMN) traded up $0.66 on Friday, hitting $60.42. 108,563 shares of the company traded hands, compared to its average volume of 121,478. The company has a quick ratio of 1.35, a current ratio of 2.85 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $1,680.00, a P/E ratio of 33.38 and a beta of 0.75. Kaman has a fifty-two week low of $45.50 and a fifty-two week high of $60.60.
Kaman (NYSE:KAMN) last announced its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.07. The business had revenue of $447.00 million for the quarter, compared to the consensus estimate of $461.06 million. Kaman had a net margin of 2.90% and a return on equity of 9.30%. The company’s quarterly 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 earnings per share. equities research analysts expect that Kaman will post 2.34 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Tuesday, December 19th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Monday, December 18th. Kaman’s payout ratio is 44.20%.
In related news, Director Richard J. Swift sold 1,235 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $56.00, for a total transaction of $69,160.00. Following the transaction, the director now owns 18,702 shares of the company’s stock, valued at $1,047,312. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director E Reeves Callaway III sold 2,697 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $56.41, for a total transaction of $152,137.77. The disclosure for this sale can be found here. Corporate insiders own 2.38% of the company’s stock.
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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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