Kaman Aircraft (NYSE:KAMN) – Northcoast Research issued their Q4 2018 earnings per share (EPS) estimates for Kaman Aircraft in a research note issued on Thursday, March 15th, according to Zacks Investment Research. Northcoast Research analyst R. Cieslak expects that the industrial products company will earn $0.99 per share for the quarter. Northcoast Research currently has a “Neutral” rating and a $65.00 target price on the stock.
Kaman Aircraft (NYSE:KAMN) last issued its quarterly earnings results on Tuesday, February 27th. The industrial products company reported $0.86 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.10). Kaman Aircraft had a return on equity of 10.43% and a net margin of 2.76%. The business had revenue of $473.90 million for the quarter, compared to analyst estimates of $493.10 million. During the same quarter in the previous year, the business posted $0.56 earnings per share. The business’s revenue was up 9.4% on a year-over-year basis.
Other analysts also recently issued reports about the company. ValuEngine upgraded Kaman Aircraft from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Zacks Investment Research upgraded Kaman Aircraft from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a report on Wednesday, January 24th.
Kaman Aircraft stock traded down $1.76 during trading hours on Friday, reaching $61.73. 168,289 shares of the company’s stock were exchanged, compared to its average volume of 140,423. The company has a current ratio of 3.04, a quick ratio of 1.54 and a debt-to-equity ratio of 0.62. Kaman Aircraft has a twelve month low of $45.50 and a twelve month high of $63.89. The company has a market cap of $1,765.09, a P/E ratio of 27.68 and a beta of 0.79.
Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of Kaman Aircraft by 2.1% in the 4th quarter. BlackRock Inc. now owns 3,645,872 shares of the industrial products company’s stock valued at $214,523,000 after buying an additional 73,728 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Kaman Aircraft by 7.5% in the 4th quarter. Bank of New York Mellon Corp now owns 737,871 shares of the industrial products company’s stock valued at $43,416,000 after buying an additional 51,371 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Kaman Aircraft by 2.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 716,871 shares of the industrial products company’s stock valued at $42,181,000 after buying an additional 13,825 shares during the period. Geode Capital Management LLC grew its stake in shares of Kaman Aircraft by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 234,954 shares of the industrial products company’s stock valued at $13,824,000 after buying an additional 7,096 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Kaman Aircraft by 3.6% in the 3rd quarter. Principal Financial Group Inc. now owns 234,288 shares of the industrial products company’s stock valued at $13,069,000 after buying an additional 8,047 shares during the period. Institutional investors own 93.89% of the company’s stock.
In other news, Director Thomas W. Rabaut sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $60.25, for a total value of $602,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.38% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 5th. Shareholders of record on Tuesday, March 20th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 19th. This represents a $0.80 dividend on an annualized basis and a yield of 1.30%. Kaman Aircraft’s payout ratio is currently 35.87%.
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Kaman Aircraft Company Profile
Kaman Corporation operates in the aerospace and distribution markets. It operates through two segments, Distribution and Aerospace. The Distribution segment distributes electro-mechanical products; bearings; and power transmission, motion control, and electrical and fluid power components, as well as offers value-added services.
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