Kaman Co. (NYSE:KAMN) – Equities researchers at KeyCorp raised their FY2019 EPS estimates for shares of Kaman in a note issued to investors on Monday, November 5th. KeyCorp analyst S. Barger now forecasts that the industrial products company will earn $3.70 per share for the year, up from their prior forecast of $3.46.
A number of other analysts also recently weighed in on KAMN. ValuEngine raised shares of Kaman from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Zacks Investment Research downgraded shares of Kaman from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Kaman in a report on Thursday, July 12th. They set a “neutral” rating and a $75.00 price target for the company.
Shares of Kaman stock opened at $59.02 on Wednesday. Kaman has a 1-year low of $55.14 and a 1-year high of $75.08. The company has a quick ratio of 1.59, a current ratio of 2.70 and a debt-to-equity ratio of 0.46. The company has a market cap of $1.65 billion, a PE ratio of 26.47 and a beta of 0.73.
Kaman (NYSE:KAMN) last issued its quarterly earnings results on Thursday, November 1st. The industrial products company reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.10). Kaman had a return on equity of 11.10% and a net margin of 2.40%. The firm had revenue of $443.06 million for the quarter, compared to the consensus estimate of $471.01 million. During the same period last year, the company posted $0.69 EPS. The business’s revenue was down .9% on a year-over-year basis.
Several institutional investors have recently modified their holdings of KAMN. Howe & Rusling Inc. lifted its stake in Kaman by 138.2% in the 3rd quarter. Howe & Rusling Inc. now owns 9,529 shares of the industrial products company’s stock valued at $636,000 after purchasing an additional 5,529 shares during the last quarter. Stone Ridge Asset Management LLC lifted its stake in Kaman by 17.0% in the 3rd quarter. Stone Ridge Asset Management LLC now owns 23,061 shares of the industrial products company’s stock valued at $1,540,000 after purchasing an additional 3,353 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new position in Kaman in the 3rd quarter valued at approximately $132,000. Lisanti Capital Growth LLC lifted its stake in Kaman by 321.6% in the 3rd quarter. Lisanti Capital Growth LLC now owns 48,190 shares of the industrial products company’s stock valued at $3,218,000 after purchasing an additional 36,760 shares during the last quarter. Finally, Virginia Retirement Systems ET AL bought a new position in Kaman in the 3rd quarter valued at approximately $621,000. 92.35% of the stock is owned by institutional investors.
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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