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. The Precision Products segment provides safe and arming solutions for missile and bomb systems for the U.S. and allied militaries; undertakes subcontract helicopter works; restores, modifies, and supports its SH-2G Super Seasprite maritime helicopters; and manufactures and supports heavy lift K-MAX manned helicopter, the K-MAX TITAN unmanned aerial system, and the KARGO UAV unmanned aerial system. The Structures segment offers metallic and composite aero structures for commercial, military, and general aviation fixed and rotary wing aircrafts; and medical imaging solutions. The company operates in North America, Europe, the Middle East, Asia, Oceania, and internationally. Kaman Corporation was incorporated in 1945 and is headquartered in Bloomfield, Connecticut.
Kaman Stock Performance
Shares of KAMN traded up $1.22 during trading hours on Friday, reaching $34.87. 194,691 shares of the company traded hands, compared to its average volume of 153,929. Kaman has a 1-year low of $27.94 and a 1-year high of $46.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.86 and a current ratio of 4.90. The stock has a market cap of $975.66 million, a P/E ratio of 30.59 and a beta of 1.18. The stock's fifty day moving average is $31.94 and its 200 day moving average is $37.34.
Kaman Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Tuesday, September 20th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Monday, September 19th. Kaman's dividend payout ratio (DPR) is presently 70.18%.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on KAMN. CJS Securities began coverage on shares of Kaman in a report on Tuesday, June 14th. They issued a "market outperform" rating and a $45.00 price objective for the company. KeyCorp cut their target price on shares of Kaman from $52.00 to $45.00 in a research report on Wednesday, May 4th. Finally, StockNews.com raised shares of Kaman from a "hold" rating to a "buy" rating in a research report on Wednesday, July 13th.
Insiders Place Their Bets
In other Kaman news, Director E Reeves Callaway III sold 3,707 shares of the company's stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $34.92, for a total transaction of $129,448.44. Following the sale, the director now directly owns 2,712 shares of the company's stock, valued at $94,703.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.77% of the company's stock.