Kaman Corporation (KAMN) Getting Somewhat Positive Media Coverage, Analysis Finds

Media coverage about Kaman Corporation (NYSE:KAMN) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kaman Corporation earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 45.2382751044868 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

KAMN has been the subject of a number of research analyst reports. Northcoast Research initiated coverage on Kaman Corporation in a report on Tuesday, July 25th. They issued a “buy” rating and a $60.00 target price for the company. Zacks Investment Research downgraded Kaman Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Finally, BidaskClub downgraded Kaman Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $56.67.

Kaman Corporation (NYSE:KAMN) traded up $0.57 during mid-day trading on Wednesday, hitting $57.73. The stock had a trading volume of 85,700 shares, compared to its average volume of 171,326. The stock has a market cap of $1,589.91, a P/E ratio of 29.31 and a beta of 0.73. Kaman Corporation has a 52-week low of $45.50 and a 52-week high of $58.28. The company has a current ratio of 2.85, a quick ratio of 1.35 and a debt-to-equity ratio of 0.64.

Kaman Corporation (NYSE:KAMN) last released its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.07. The firm had revenue of $447.00 million for the quarter, compared to the consensus estimate of $461.06 million. Kaman Corporation had a return on equity of 9.30% and a net margin of 2.90%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period last year, the business posted $0.64 EPS. sell-side analysts expect that Kaman Corporation will post 2.34 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Tuesday, December 19th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, December 18th. This represents a $0.80 annualized dividend and a yield of 1.39%. Kaman Corporation’s dividend payout ratio (DPR) is presently 44.20%.

In other news, Director Richard J. Swift sold 1,235 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $56.00, for a total value of $69,160.00. Following the transaction, the director now directly owns 18,702 shares in the company, valued at $1,047,312. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director E Reeves Callaway III sold 2,697 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $56.41, for a total value of $152,137.77. The disclosure for this sale can be found here. 2.38% of the stock is currently owned by insiders.

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Kaman Corporation Company Profile

Kaman Corporation conducts business in the aerospace and distribution markets. The Company operates through two segments: Distribution and Aerospace. The Company’s brands include KAflex, KAron and K-MAX. Distribution segment is a power transmission, motion control, and fluid power industrial distributor with operations throughout the United States.

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