Kaman Co. (NYSE:KAMN) – Analysts at Northcoast Research issued their Q1 2018 EPS estimates for Kaman in a research report issued to clients and investors on Thursday. Northcoast Research analyst R. Cieslak anticipates that the industrial products company will post earnings of $0.39 per share for the quarter. Northcoast Research currently has a “Neutral” rating and a $65.00 price objective on the stock. Northcoast Research also issued estimates for Kaman’s Q2 2018 earnings at $0.67 EPS and Q3 2018 earnings at $1.00 EPS.
Kaman (NYSE:KAMN) last announced its quarterly earnings data on Tuesday, February 27th. The industrial products company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.10). Kaman had a return on equity of 10.43% and a net margin of 2.76%. The firm had revenue of $473.90 million during the quarter, compared to analysts’ expectations of $493.10 million. During the same period last year, the business posted $0.56 EPS. The company’s revenue was up 9.4% compared to the same quarter last year.
Separately, Zacks Investment Research raised Kaman from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a report on Wednesday, January 24th.
Shares of Kaman stock opened at $62.47 on Monday. Kaman has a twelve month low of $45.50 and a twelve month high of $63.89. The firm has a market capitalization of $1,735.06, a PE ratio of 35.29 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.
Hedge funds have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. grew its holdings in Kaman by 4.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 204,109 shares of the industrial products company’s stock valued at $11,386,000 after buying an additional 8,455 shares in the last quarter. New York State Common Retirement Fund grew its holdings in Kaman by 52.6% during the 3rd quarter. New York State Common Retirement Fund now owns 44,714 shares of the industrial products company’s stock valued at $2,494,000 after buying an additional 15,414 shares in the last quarter. California Public Employees Retirement System grew its holdings in Kaman by 7.4% during the 3rd quarter. California Public Employees Retirement System now owns 54,021 shares of the industrial products company’s stock valued at $3,013,000 after buying an additional 3,721 shares in the last quarter. Pinebridge Investments L.P. grew its holdings in Kaman by 21.1% during the 4th quarter. Pinebridge Investments L.P. now owns 47,231 shares of the industrial products company’s stock valued at $2,779,000 after buying an additional 8,234 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Kaman by 7.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 686,500 shares of the industrial products company’s stock valued at $38,293,000 after buying an additional 50,218 shares in the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.
In other Kaman news, Director Thomas W. Rabaut sold 10,000 shares of Kaman stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $60.25, for a total transaction of $602,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.38% of the stock is owned by insiders.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Tuesday, March 20th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Monday, March 19th. Kaman’s payout ratio is presently 45.20%.
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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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