StockNews.com upgraded shares of Kaman (NYSE:KAMN – Get Rating) from a sell rating to a hold rating in a research report released on Saturday.
Kaman Stock Down 4.6 %
Shares of NYSE:KAMN traded down $1.03 during midday trading on Friday, reaching $21.40. 886,660 shares of the company’s stock were exchanged, compared to its average volume of 152,086. The company’s 50 day simple moving average is $24.30 and its two-hundred day simple moving average is $25.14. Kaman has a 12 month low of $18.88 and a 12 month high of $46.50. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.41 and a quick ratio of 2.02.
Kaman Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 13th. Investors of record on Tuesday, March 21st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.74%. The ex-dividend date is Monday, March 20th. Kaman’s dividend payout ratio is currently -48.19%.
Hedge Funds Weigh In On Kaman
Kaman Corp. engages in the design, manufacture and distribution of aircrafts, aircraft parts and components. It operates through the following three segments: Engineered Products, Precision Products and Structures. The firm produces and markets proprietary aircraft bearings and components, super precision, miniature ball bearings, proprietary spring energized seals, springs and contacts, complex metallic and composite aero structures for commercial, military, and general aviation fixed and rotary wing aircraft, and safe and arming solutions for missile and bomb systems for the U.S.
- Get a free copy of the StockNews.com research report on Kaman (KAMN)
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