Kaman Co. (NYSE:KAMN) Director E Reeves Callaway III sold 1,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $57.25, for a total value of $57,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of KAMN stock traded up $0.34 on Tuesday, hitting $57.76. The stock had a trading volume of 81,252 shares, compared to its average volume of 128,887. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.86 and a quick ratio of 1.48. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 20.06 and a beta of 0.76. Kaman Co. has a 1 year low of $51.34 and a 1 year high of $68.79. The firm has a 50 day moving average of $61.37.
Kaman (NYSE:KAMN) last posted its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.39). The firm had revenue of $174.70 million during the quarter, compared to analysts’ expectations of $485.19 million. Kaman had a net margin of 3.34% and a return on equity of 11.02%. Kaman’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 EPS. Equities analysts forecast that Kaman Co. will post 1.94 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of the stock. Quadrant Capital Group LLC increased its holdings in Kaman by 810.5% during the 1st quarter. Quadrant Capital Group LLC now owns 956 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 851 shares during the period. Advisory Services Network LLC increased its holdings in Kaman by 45.0% during the 2nd quarter. Advisory Services Network LLC now owns 1,581 shares of the industrial products company’s stock worth $101,000 after purchasing an additional 491 shares during the period. Quantamental Technologies LLC purchased a new stake in Kaman during the 1st quarter worth about $119,000. Rockefeller Capital Management L.P. purchased a new stake in Kaman during the 1st quarter worth about $128,000. Finally, Bank of Montreal Can increased its holdings in Kaman by 108.9% during the 2nd quarter. Bank of Montreal Can now owns 3,301 shares of the industrial products company’s stock worth $210,000 after purchasing an additional 1,721 shares during the period. Hedge funds and other institutional investors own 91.84% of the company’s stock.
Several research firms recently issued reports on KAMN. ValuEngine upgraded Kaman from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Zacks Investment Research downgraded Kaman from a “buy” rating to a “hold” rating in a report on Wednesday, July 3rd.
Kaman Corporation operates in the aerospace and distribution markets. The company 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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