Kaman Aircraft (NYSE:KAMN) reached a new 52-week high and low during trading on Wednesday after an insider bought additional shares in the company. The company traded as low as $71.17 and last traded at $70.88, with a volume of 2252 shares traded. The stock had previously closed at $69.92.

Specifically, Director E Reeves Callaway III sold 1,973 shares of the business’s stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $69.60, for a total transaction of $137,320.80. Following the completion of the sale, the director now directly owns 5,701 shares of the company’s stock, valued at approximately $396,789.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert D. Starr acquired 1,000 shares of the firm’s stock in a transaction on Friday, May 11th. The shares were bought at an average cost of $69.44 per share, with a total value of $69,440.00. The disclosure for this purchase can be found here. Insiders own 2.38% of the company’s stock.

Several research firms have recently issued reports on KAMN. ValuEngine raised Kaman Aircraft from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Zacks Investment Research raised Kaman Aircraft 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. Finally, Northcoast Research lowered Kaman Aircraft 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.

The firm has a market cap of $1.95 billion, a PE ratio of 31.78 and a beta of 0.81. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.06 and a quick ratio of 1.87.

Kaman Aircraft (NYSE:KAMN) last released its earnings results on Monday, May 7th. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.09. The company had revenue of $463.33 million during the quarter, compared to analyst estimates of $463.16 million. Kaman Aircraft had a return on equity of 11.59% and a net margin of 3.14%. Kaman Aircraft’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 earnings per share. equities analysts predict that Kaman Aircraft will post 3.13 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in KAMN. Cutler Group LP bought a new position in shares of Kaman Aircraft in the fourth quarter valued at approximately $129,000. Schwab Charles Investment Management Inc. grew its holdings in Kaman Aircraft by 3.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 211,276 shares of the industrial products company’s stock valued at $12,432,000 after purchasing an additional 7,167 shares during the period. CIBC Asset Management Inc bought a new position in Kaman Aircraft during the fourth quarter valued at $205,000. Teacher Retirement System of Texas bought a new position in Kaman Aircraft during the fourth quarter valued at $483,000. Finally, California Public Employees Retirement System grew its holdings in Kaman Aircraft by 3.3% during the fourth quarter. California Public Employees Retirement System now owns 55,794 shares of the industrial products company’s stock valued at $3,283,000 after purchasing an additional 1,773 shares during the period. 93.85% of the stock is owned by institutional investors.

Kaman Aircraft 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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