Kaman (NYSE:KAMN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

According to Zacks, “Kaman Corporation is in the aerospace and industrial distribution markets. The company produces and/or markets widely used proprietary aircraft bearings and components; complex metallic and composite aerostructures for commercial, military and general aviation fixed and rotary wing aircraft; aerostructure engineering design analysis and FAA certification services; safe and arm solutions for missile and bomb systems for the U.S. and allied militaries; design and supply of aftermarket parts to MRO aerospace markets; K-MAX medium to heavy lift helicopters; and support for the company’s SH-2G Super Seasprite maritime helicopters and K-MAX aircraft. Additionally, Kaman provides engineering, design and support for automation, electrical, linear, hydraulic and pneumatic systems as well as belting and rubber fabrication, customized mechanical services, hose assemblies, repair, fluid analysis and motor management. “

Other equities research analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of Kaman from a “hold” rating to a “buy” rating in a research report on Thursday, January 10th. JPMorgan Chase & Co. cut shares of Kaman from a “neutral” rating to an “underweight” rating and set a $56.86 price objective for the company. in a research report on Friday, December 14th. Finally, TheStreet cut shares of Kaman from a “b-” rating to a “c+” rating in a research report on Monday, December 24th. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. The company has a consensus rating of “Hold” and an average price target of $61.95.

KAMN opened at $61.02 on Friday. The company has a quick ratio of 1.59, a current ratio of 2.70 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 27.36 and a beta of 0.60. Kaman has a 1-year low of $51.34 and a 1-year high of $75.08.

Large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Kaman by 30.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,747 shares of the industrial products company’s stock worth $98,000 after buying an additional 411 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of Kaman during the 3rd quarter worth approximately $104,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of Kaman during the 3rd quarter worth approximately $132,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Kaman during the 4th quarter worth approximately $220,000. Finally, Amalgamated Bank acquired a new stake in shares of Kaman during the 4th quarter worth approximately $243,000. Institutional investors own 96.58% 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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