Kaman Corporation (NYSE:KAMN) has been assigned a consensus recommendation of “Hold” from the seven analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $57.50.

Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Kaman Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. BidaskClub upgraded shares of Kaman Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Finally, Northcoast Research assumed coverage on shares of Kaman Corporation in a report on Tuesday, July 25th. They set a “buy” rating and a $60.00 price target on the stock.

In other Kaman Corporation news, Director E Reeves Callaway III sold 2,697 shares of Kaman Corporation stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $56.41, for a total transaction of $152,137.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.38% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in shares of Kaman Corporation during the 2nd quarter worth approximately $104,000. Huntington National Bank increased its holdings in shares of Kaman Corporation by 25.0% in the 2nd quarter. Huntington National Bank now owns 2,500 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 500 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Kaman Corporation by 5.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,652 shares of the industrial products company’s stock valued at $132,000 after acquiring an additional 145 shares during the period. Flinton Capital Management LLC increased its stake in Kaman Corporation by 67.7% in the 2nd quarter. Flinton Capital Management LLC now owns 3,706 shares of the industrial products company’s stock valued at $185,000 after buying an additional 1,496 shares during the period. Finally, Riverhead Capital Management LLC increased its stake in Kaman Corporation by 69.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,730 shares of the industrial products company’s stock valued at $186,000 after buying an additional 1,530 shares during the period. Institutional investors own 93.97% of the company’s stock.

Kaman Corporation (NYSE KAMN) opened at $56.55 on Thursday. The company has a market cap of $1,569.04, a PE ratio of 28.93 and a beta of 0.73. Kaman Corporation has a fifty-two week low of $43.15 and a fifty-two week high of $57.11. The company has a current ratio of 2.85, a quick ratio of 1.35 and a debt-to-equity ratio of 0.64.

Kaman Corporation (NYSE:KAMN) last released its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.07. Kaman Corporation had a net margin of 2.90% and a return on equity of 9.30%. The company had revenue of $447.00 million during the quarter, compared to analysts’ expectations of $461.06 million. During the same period in the previous year, the company earned $0.64 EPS. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. equities analysts predict that Kaman Corporation will post 2.34 earnings per share for the current fiscal year.

WARNING: This piece was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/11/09/kaman-corporation-kamn-given-average-recommendation-of-hold-by-brokerages.html.

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.

Analyst Recommendations for Kaman Corporation (NYSE:KAMN)

Receive News & Stock Ratings for Kaman Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kaman Corporation and related stocks with our FREE daily email newsletter.