Kaman (NYSE:KAMN) Hits New 1-Year High at $46.00

Kaman Co. (NYSE:KAMN) shares reached a new 52-week high during trading on Thursday . The company traded as high as $46.00 and last traded at $45.99, with a volume of 51094 shares changing hands. The stock had previously closed at $45.87.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KAMN. TheStreet upgraded Kaman from a “d+” rating to a “c-” rating in a research report on Monday, January 22nd. StockNews.com initiated coverage on Kaman in a report on Thursday, April 11th. They issued a “buy” rating on the stock.

Kaman Trading Up 0.3 %

The firm’s 50-day simple moving average is $45.69 and its 200-day simple moving average is $32.06. The firm has a market capitalization of $1.30 billion, a P/E ratio of 147.98 and a beta of 1.18. 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 posted its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.12. Kaman had a net margin of 1.12% and a return on equity of 2.14%. The company had revenue of $203.12 million during the quarter, compared to the consensus estimate of $196.70 million.

Kaman Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Tuesday, March 19th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Monday, March 18th. Kaman’s payout ratio is currently 258.06%.

Hedge Funds Weigh In On Kaman

A number of large investors have recently modified their holdings of KAMN. BlackRock Inc. lifted its stake in Kaman by 8.1% in the first quarter. BlackRock Inc. now owns 4,989,024 shares of the industrial products company’s stock worth $216,923,000 after purchasing an additional 375,067 shares during the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of Kaman by 12.2% in the fourth quarter. Gamco Investors INC. ET AL now owns 2,555,330 shares of the industrial products company’s stock worth $56,984,000 after buying an additional 278,738 shares during the period. State Street Corp lifted its stake in shares of Kaman by 18.2% in the 2nd quarter. State Street Corp now owns 1,724,590 shares of the industrial products company’s stock valued at $54,173,000 after acquiring an additional 265,748 shares during the last quarter. Norges Bank purchased a new stake in Kaman during the 4th quarter valued at about $5,564,000. Finally, Citadel Advisors LLC grew its position in Kaman by 845.8% during the 2nd quarter. Citadel Advisors LLC now owns 271,019 shares of the industrial products company’s stock worth $8,470,000 after acquiring an additional 242,363 shares during the last quarter. 85.70% of the stock is owned by hedge funds and other institutional investors.

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.