Shares of Kaman Co. (NYSE:KAMN) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $60.05 and traded as high as $62.59. Kaman shares last traded at $61.83, with a volume of 1,167 shares trading hands.

A number of research analysts have weighed in on the company. ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd.

The company has a quick ratio of 1.43, a current ratio of 2.42 and a debt-to-equity ratio of 0.53. The stock’s 50 day moving average is $60.13. The company has a market cap of $1.71 billion, a PE ratio of 21.28 and a beta of 0.78.

Kaman (NYSE:KAMN) last issued its earnings results on Wednesday, May 1st. The industrial products company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.20. Kaman had a return on equity of 12.80% and a net margin of 2.90%. The company had revenue of $457.39 million during the quarter, compared to the consensus estimate of $466.47 million. During the same period in the previous year, the company posted $0.55 EPS. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. On average, sell-side analysts predict that Kaman Co. will post 2.46 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 11th. Stockholders of record on Tuesday, June 18th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 17th. This represents a $0.80 annualized dividend and a dividend yield of 1.30%. Kaman’s dividend payout ratio is currently 27.78%.

Several hedge funds and other institutional investors have recently modified their holdings of KAMN. Quadrant Capital Group LLC lifted its holdings in Kaman by 810.5% during the 1st quarter. Quadrant Capital Group LLC now owns 956 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 851 shares during the last quarter. Quantamental Technologies LLC acquired a new position in Kaman in the 1st quarter valued at $119,000. Rockefeller Capital Management L.P. acquired a new position in Kaman in the 1st quarter valued at $128,000. Amalgamated Bank acquired a new position in Kaman in the 4th quarter valued at $243,000. Finally, BBT Capital Management LLC acquired a new position in Kaman in the 1st quarter valued at $328,000. Institutional investors own 92.30% of the company’s stock.

Kaman Company Profile (NYSE:KAMN)

Kaman Corporation operates in the aerospace and distribution markets. The company 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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