News headlines about Kaman (NYSE:KAMN) have trended somewhat positive on Monday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Kaman earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 46.8261943089679 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Kaman opened at $71.79 on Monday, according to Marketbeat.com. Kaman has a one year low of $47.66 and a one year high of $75.08. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 32.19 and a beta of 0.85. The company has a quick ratio of 1.87, a current ratio of 3.06 and a debt-to-equity ratio of 0.53.
Kaman (NYSE:KAMN) last announced its earnings results on Monday, May 7th. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.09. Kaman had a return on equity of 11.59% and a net margin of 3.14%. The business had revenue of $463.33 million during the quarter, compared to analyst estimates of $463.16 million. During the same quarter in the previous year, the business earned $0.22 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. analysts anticipate that Kaman will post 3.13 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 5th. Shareholders of record on Tuesday, June 19th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, June 18th. This represents a $0.80 annualized dividend and a dividend yield of 1.11%. Kaman’s dividend payout ratio (DPR) is presently 35.87%.
Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of Kaman from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a report on Friday, May 11th. ValuEngine upgraded shares of Kaman from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, Northcoast Research cut shares of Kaman from a “buy” rating to a “neutral” rating and set a $65.00 target price for the company. in a report on Thursday, March 15th.
In related news, Director Andrew William Higgins sold 6,173 shares of the business’s stock in a transaction that occurred on Tuesday, May 22nd. The stock was sold at an average price of $73.58, for a total value of $454,209.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert D. Starr purchased 1,000 shares of the stock in a transaction that occurred on Friday, May 11th. The stock was purchased at an average price of $69.44 per share, with a total value of $69,440.00. The disclosure for this purchase can be found here. Insiders have sold 26,653 shares of company stock valued at $1,927,755 in the last 90 days. Company insiders own 2.38% of the company’s stock.
Kaman Company Profile
Kaman Corporation operates in the aerospace and distribution markets. It 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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