Somewhat Positive News Coverage Somewhat Unlikely to Affect Kaman (KAMN) Share Price
Media headlines about Kaman (NYSE:KAMN) have been trending somewhat positive on Sunday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Kaman earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 46.3228544049364 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Several research firms recently weighed in on KAMN. Zacks Investment Research raised Kaman from a “sell” rating to a “hold” rating in a research note on Saturday, December 30th. BidaskClub raised Kaman from a “hold” rating to a “buy” rating in a research note on Wednesday, October 4th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $60.00.
Shares of Kaman (NYSE:KAMN) opened at $60.42 on Friday. The firm has a market capitalization of $1,680.58, a PE ratio of 33.38 and a beta of 0.75. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.85 and a quick ratio of 1.35. Kaman has a 12 month low of $45.50 and a 12 month high of $60.60.
Kaman (NYSE:KAMN) last announced its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.07. Kaman had a return on equity of 9.30% and a net margin of 2.90%. The firm had revenue of $447.00 million for the quarter, compared to analyst estimates of $461.06 million. During the same period last year, the firm posted $0.64 earnings per share. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. equities analysts predict that Kaman will post 2.34 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Tuesday, December 19th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Monday, December 18th. Kaman’s payout ratio is 44.20%.
In other news, Director E Reeves Callaway III sold 2,697 shares of Kaman stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $56.41, for a total transaction of $152,137.77. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard J. Swift sold 1,235 shares of Kaman stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $56.00, for a total value of $69,160.00. Following the sale, the director now directly owns 18,702 shares in the company, valued at $1,047,312. The disclosure for this sale can be found here. Company insiders own 2.38% of the company’s stock.
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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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