Kaman (NYSE:KAMN) Reaches New 1-Year High at $46.00

Shares of Kaman Co. (NYSE:KAMN - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $46.00 and last traded at $45.99, with a volume of 51094 shares. The stock had previously closed at $45.87.

Wall Street Analysts Forecast Growth

KAMN has been the topic of several analyst reports. TheStreet upgraded Kaman from a "d+" rating to a "c-" rating in a report on Monday, January 22nd. StockNews.com initiated coverage on Kaman in a report on Thursday, April 11th. They set a "buy" rating on the stock.

Kaman Stock Up 0.3 %

The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 148.39 and a beta of 1.18. The company has a quick ratio of 0.71, a current ratio of 1.32 and a debt-to-equity ratio of 0.52. The stock has a fifty day moving average of $45.69 and a two-hundred day moving average of $32.06.

Kaman (NYSE:KAMN - Get Free Report) last issued its earnings results on Thursday, February 22nd. The industrial products company reported $0.12 earnings per share for the quarter, meeting analysts' consensus estimates of $0.12. Kaman had a return on equity of 2.14% and a net margin of 1.12%. The firm had revenue of $203.12 million for the quarter, compared to analysts' expectations of $196.70 million.

Kaman Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Tuesday, March 19th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Monday, March 18th. Kaman's payout ratio is currently 258.06%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KAMN. BlackRock Inc. raised its position in Kaman by 8.1% in the first quarter. BlackRock Inc. now owns 4,989,024 shares of the industrial products company's stock valued at $216,923,000 after purchasing an additional 375,067 shares during the period. Vanguard Group Inc. raised its position in Kaman by 1.1% in the third quarter. Vanguard Group Inc. now owns 3,061,719 shares of the industrial products company's stock valued at $85,513,000 after purchasing an additional 32,517 shares during the period. Gamco Investors INC. ET AL raised its position in Kaman by 12.2% in the fourth quarter. Gamco Investors INC. ET AL now owns 2,555,330 shares of the industrial products company's stock valued at $56,984,000 after purchasing an additional 278,738 shares during the period. State Street Corp raised its position in Kaman by 18.2% in the second quarter. State Street Corp now owns 1,724,590 shares of the industrial products company's stock valued at $54,173,000 after purchasing an additional 265,748 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Kaman by 4.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,450,494 shares of the industrial products company's stock valued at $33,158,000 after purchasing an additional 60,243 shares during the period. Institutional investors and hedge funds own 85.70% of the company's stock.

About Kaman

Kaman Corporation, together with its subsidiaries, operates in the aerospace, defense, medical, and industrial markets. The company operates through three segments: Engineered Products, Precision Products, and Structures. The Engineered Products segment produces and markets aircraft bearings and components; super precision; miniature ball bearings; and spring energized seals, springs, and contacts, as well as wheels, brakes, and related hydraulic components for helicopters and fixed-wing, and UAV aircraft.