Media coverage about Kaman Corporation (NYSE:KAMN) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kaman Corporation earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 46.578985936902 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of research analysts recently weighed in on the stock. BidaskClub raised shares of Kaman Corporation from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 6th. Zacks Investment Research raised shares of Kaman Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Northcoast Research assumed coverage on shares of Kaman Corporation in a research report on Tuesday, July 25th. They issued a “buy” rating and a $60.00 target price for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $54.75.
Kaman Corporation (KAMN) traded up 0.81% on Friday, reaching $52.57. 151,367 shares of the company were exchanged. Kaman Corporation has a 12-month low of $40.85 and a 12-month high of $53.41. The stock has a market capitalization of $1.47 billion, a P/E ratio of 28.29 and a beta of 0.70. The company’s 50-day moving average price is $49.59 and its 200-day moving average price is $49.16.
Kaman Corporation (NYSE:KAMN) last announced its quarterly earnings results on Monday, July 31st. The industrial products company reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.01). The business had revenue of $449.00 million for 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 revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 EPS. Equities research analysts anticipate that Kaman Corporation will post $2.48 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Tuesday, September 19th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, September 18th. This represents a $0.80 dividend on an annualized basis and a yield of 1.52%. Kaman Corporation’s dividend payout ratio (DPR) is presently 43.24%.
In other Kaman Corporation news, Director Richard J. Swift sold 2,404 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $50.70, for a total transaction of $121,882.80. Following the completion of the sale, the director now owns 19,937 shares in the company, valued at approximately $1,010,805.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.38% of the company’s stock.
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Kaman Corporation Company Profile
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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