Kaman Corporation (NYSE:KAMN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday.

According to Zacks, “Kaman Corporation is in the following business segments: Aerospace, Industrial Distribution, and Music Distribution. The Aerospace segment serves commercial, U.S. defense and foreign government markets. The Industrial Distribution segment serves nearly every sector of U.S. industry with industrial replacement parts as well as support services. The Music Distribution segment serves domestic and foreign markets with a wide variety of music instruments and accessories and manufactures guitars and other music products for professional and amateur musicians. “

KAMN has been the topic of a number of other reports. BidaskClub upgraded Kaman Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Northcoast Research began coverage on Kaman Corporation in a research note on Tuesday, July 25th. They issued a “buy” rating and a $60.00 target price on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $54.75.

Kaman Corporation (NYSE KAMN) traded down 1.27% during mid-day trading on Thursday, reaching $49.91. 159,496 shares of the company traded hands. The firm’s 50-day moving average is $50.50 and its 200 day moving average is $49.56. Kaman Corporation has a 52-week low of $40.85 and a 52-week high of $53.41. The stock has a market capitalization of $1.39 billion, a PE ratio of 26.86 and a beta of 0.69.

Kaman Corporation (NYSE:KAMN) last posted its earnings results on Monday, July 31st. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by $0.01. The company had revenue of $449 million during the quarter, compared to the consensus estimate of $469.24 million. Kaman Corporation had a net margin of 2.95% and a return on equity of 9.24%. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.64 earnings per share. On average, equities research analysts expect that Kaman Corporation will post $2.48 earnings per share for the current year.

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A number of large investors have recently bought and sold shares of KAMN. SG Americas Securities LLC bought a new stake in Kaman Corporation during the second quarter worth about $104,000. Envestnet Asset Management Inc. boosted its stake in shares of Kaman Corporation by 5.9% in the first quarter. Envestnet Asset Management Inc. now owns 2,176 shares of the industrial products company’s stock worth $105,000 after buying an additional 122 shares in the last quarter. Flinton Capital Management LLC bought a new stake in shares of Kaman Corporation during the first quarter worth $106,000. Ameritas Investment Partners Inc. bought a new stake in shares of Kaman Corporation during the first quarter worth $112,000. Finally, Huntington National Bank boosted its stake in shares of Kaman Corporation by 25.0% in the second quarter. Huntington National Bank now owns 2,500 shares of the industrial products company’s stock worth $125,000 after buying an additional 500 shares in the last quarter. Institutional investors own 99.14% of the company’s stock.

About Kaman Corporation

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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Analyst Recommendations for Kaman Corporation (NYSE:KAMN)

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