Kaman Co. (NYSE:KAMN) – Investment analysts at Northcoast Research issued their Q4 2018 EPS estimates for shares of Kaman in a note issued to investors on Thursday. Northcoast Research analyst R. Cieslak anticipates that the industrial products company will earn $0.99 per share for the quarter. Northcoast Research has a “Neutral” rating and a $65.00 price target on the stock.
Kaman (NYSE:KAMN) last announced its quarterly earnings results on Tuesday, February 27th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.10). Kaman had a net margin of 2.76% and a return on equity of 10.43%. The firm had revenue of $473.90 million during the quarter, compared to analyst estimates of $493.10 million. During the same period last year, the firm earned $0.56 EPS. Kaman’s quarterly revenue was up 9.4% on a year-over-year basis.
Separately, Zacks Investment Research raised shares of Kaman from a “sell” rating to a “hold” rating in a report on Saturday, December 30th.
Shares of Kaman (KAMN) traded up $0.51 during mid-day trading on Friday, hitting $62.27. 135,612 shares of the stock traded hands, compared to its average volume of 154,470. Kaman has a one year low of $45.50 and a one year high of $63.89. The firm has a market cap of $1,736.45, a price-to-earnings ratio of 35.03 and a beta of 0.81. The company has a quick ratio of 1.54, a current ratio of 3.04 and a debt-to-equity ratio of 0.62.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Tuesday, March 20th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Monday, March 19th. Kaman’s dividend payout ratio (DPR) is 45.20%.
In other news, Director Thomas W. Rabaut sold 10,000 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $60.25, for a total value of $602,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.38% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in KAMN. Cutler Group LP acquired a new position in Kaman in the 4th quarter worth $129,000. Public Employees Retirement System of Ohio boosted its stake in Kaman by 5.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,652 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 145 shares during the period. CIBC Asset Management Inc acquired a new position in Kaman in the 4th quarter worth $205,000. Amalgamated Bank acquired a new position in Kaman in the 3rd quarter worth $208,000. Finally, Crossmark Global Holdings Inc. acquired a new position in Kaman in the 3rd quarter worth $225,000. 93.83% of the stock is owned by hedge funds and other institutional investors.
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Kaman 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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