StockNews.com Begins Coverage on Kaman (NYSE:KAMN)

Equities research analysts at StockNews.com began coverage on shares of Kaman (NYSE:KAMN) in a research report issued on Sunday. 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 report on Monday, January 22nd.

Kaman Price Performance

Shares of KAMN opened at $45.99 on Friday. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 148.35 and a beta of 1.18. Kaman has a fifty-two week low of $18.06 and a fifty-two week high of $46.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.32 and a quick ratio of 0.71. The business’s 50-day moving average is $45.85 and its 200-day moving average is $34.57.

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

Hedge Funds Weigh In On Kaman

Hedge funds have recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in Kaman by 69.9% during the third quarter. Barclays PLC now owns 30,508 shares of the industrial products company’s stock valued at $598,000 after purchasing an additional 12,550 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Kaman by 5.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 538,169 shares of the industrial products company’s stock valued at $10,575,000 after purchasing an additional 27,200 shares during the last quarter. Quadrature Capital Ltd grew its holdings in Kaman by 127.8% during the third quarter. Quadrature Capital Ltd now owns 20,869 shares of the industrial products company’s stock valued at $410,000 after purchasing an additional 11,706 shares during the last quarter. Versor Investments LP acquired a new position in Kaman during the third quarter valued at approximately $479,000. Finally, New York State Common Retirement Fund grew its holdings in Kaman by 174.3% during the third quarter. New York State Common Retirement Fund now owns 30,150 shares of the industrial products company’s stock valued at $592,000 after purchasing an additional 19,158 shares during the last quarter. Institutional investors and hedge funds own 85.70% of the company’s stock.

About Kaman

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.