Northcoast Research Equities Analysts Cut Earnings Estimates for Kaman Co. (KAMN)

Kaman Co. (NYSE:KAMN) – Analysts at Northcoast Research decreased their FY2019 earnings per share (EPS) estimates for shares of Kaman in a research report issued on Tuesday, January 8th. Northcoast Research analyst R. Cieslak now forecasts that the industrial products company will earn $3.55 per share for the year, down from their prior estimate of $3.60.

A number of other equities research analysts have also recently commented on the company. JPMorgan Chase & Co. cut Kaman from a “neutral” rating to an “underweight” rating and set a $56.86 price target for the company. in a research note on Friday, December 14th. Zacks Investment Research upgraded Kaman from a “sell” rating to a “hold” rating in a research note on Thursday, October 11th. TheStreet cut Kaman from a “b-” rating to a “c+” rating in a research note on Monday, December 24th. Finally, ValuEngine upgraded Kaman from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $61.95.

Kaman stock opened at $57.22 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.70 and a quick ratio of 1.59. Kaman has a one year low of $51.34 and a one year high of $75.08. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 25.66 and a beta of 0.61.

Kaman (NYSE:KAMN) last released its quarterly earnings results on Thursday, November 1st. The industrial products company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). Kaman had a net margin of 2.40% and a return on equity of 11.10%. The business had revenue of $443.06 million during the quarter, compared to analysts’ expectations of $471.01 million. During the same quarter last year, the business posted $0.69 earnings per share. The company’s quarterly revenue was down .9% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 3rd. Stockholders of record on Tuesday, December 18th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Monday, December 17th. Kaman’s payout ratio is 35.87%.

In other news, CEO Neal J. Keating acquired 4,000 shares of Kaman stock in a transaction dated Tuesday, November 6th. The stock was purchased at an average cost of $59.04 per share, for a total transaction of $236,160.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.38% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Teachers Advisors LLC raised its position in Kaman by 1.1% during the third quarter. Teachers Advisors LLC now owns 59,992 shares of the industrial products company’s stock valued at $4,006,000 after acquiring an additional 636 shares in the last quarter. Vanguard Group Inc raised its position in Kaman by 2.7% during the third quarter. Vanguard Group Inc now owns 2,850,569 shares of the industrial products company’s stock valued at $190,361,000 after acquiring an additional 76,288 shares in the last quarter. Federated Investors Inc. PA raised its position in Kaman by 159,196.2% during the third quarter. Federated Investors Inc. PA now owns 41,417 shares of the industrial products company’s stock valued at $2,766,000 after acquiring an additional 41,391 shares in the last quarter. Marshall Wace North America L.P. purchased a new position in Kaman during the third quarter valued at approximately $1,151,000. Finally, Marshall Wace LLP purchased a new position in Kaman during the third quarter valued at approximately $3,389,000. Institutional investors own 93.65% of the company’s stock.

About Kaman

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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