Kaman (NYSE:KAMN) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Kaman (NYSE:KAMN) in a report issued on Saturday. The brokerage set a “buy” rating on the industrial products company’s stock.

Separately, TheStreet upgraded Kaman from a “d+” rating to a “c-” rating in a research note on Monday, January 22nd.

Kaman Trading Up 0.3 %

Kaman stock opened at $45.99 on Friday. The business has a 50-day simple moving average of $45.79 and a two-hundred day simple moving average of $33.46. The company has a market cap of $1.30 billion, a P/E ratio of 148.35 and a beta of 1.18. Kaman has a 52-week low of $18.06 and a 52-week high of $46.00. The company has a quick ratio of 0.71, a current ratio of 1.32 and a debt-to-equity ratio of 0.52.

Kaman (NYSE:KAMN) last released its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. The business had revenue of $203.12 million during the quarter, compared to the consensus estimate of $196.70 million. Kaman had a return on equity of 2.14% and a net margin of 1.12%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KAMN. Gladius Capital Management LP bought a new position in Kaman in the 4th quarter worth approximately $36,000. Quarry LP bought a new position in Kaman in the 4th quarter worth approximately $69,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Kaman by 89.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,451 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 2,577 shares during the period. EWA LLC bought a new position in Kaman in the 4th quarter worth approximately $142,000. Finally, Quantbot Technologies LP boosted its stake in Kaman by 76.7% in the 3rd quarter. Quantbot Technologies LP now owns 9,625 shares of the industrial products company’s stock worth $189,000 after purchasing an additional 4,179 shares during the period. 85.70% of the stock is currently owned by institutional investors.

Kaman Company Profile

Kaman Corporation, together with its subsidiaries, operates in the aerospace, defense, medical, and industrial markets. The company operates through three segments: Engineered Products, Precision Products, and Structures. The Engineered Products segment produces and markets aircraft bearings and components; super precision; miniature ball bearings; and spring energized seals, springs, and contacts, as well as wheels, brakes, and related hydraulic components for helicopters and fixed-wing, and UAV aircraft.