Kaman (NYSE:KAMN) Sees Coverage Initiated By JP Morgan with a $75 Price

July 12, 2018 - By James Guidry

Kaman Corporation (NYSE:KAMN) Logo

Investors sentiment increased to 1.31 in Q1 2018. Its up 0.28, from 1.03 in 2017Q4. It is positive, as 13 investors sold Kaman Corporation shares while 46 reduced holdings. 21 funds opened positions while 56 raised stakes. 24.60 million shares or 2.49% less from 25.22 million shares in 2017Q4 were reported.

186,887 are held by Parametric Port Associate Limited Liability. 338,996 are owned by Inv Counselors Of Maryland Ltd Llc. Geode Capital Mgmt Ltd Co has invested 0% in Kaman Corporation (NYSE:KAMN). State Of Tennessee Treasury Department stated it has 19,628 shares or 0.01% of all its holdings. Cardinal Capital Mgmt Limited Liability Corporation Ct has invested 1.92% of its portfolio in Kaman Corporation (NYSE:KAMN). State Board Of Administration Of Florida Retirement Systems holds 27,252 shares. M&T Retail Bank Corporation invested 0% of its portfolio in Kaman Corporation (NYSE:KAMN). Northern Tru reported 0.01% in Kaman Corporation (NYSE:KAMN). Zurcher Kantonalbank (Zurich Cantonalbank) invested 0% of its portfolio in Kaman Corporation (NYSE:KAMN). Swiss Bank accumulated 41,400 shares. Bokf Na holds 0.01% or 4,030 shares in its portfolio. 167,939 were reported by Levin Cap Strategies Limited Partnership. Moreover, Metropolitan Life Insurance Co Ny has 0% invested in Kaman Corporation (NYSE:KAMN) for 9,070 shares. Voya Ltd Limited Liability Company has 0% invested in Kaman Corporation (NYSE:KAMN) for 12,912 shares. Fmr Lc invested 0.01% of its portfolio in Kaman Corporation (NYSE:KAMN).

Since March 5, 2018, it had 2 insider purchases, and 6 selling transactions for $2.32 million activity. Higgins Andrew William sold 6,173 shares worth $454,218. $139,058 worth of Kaman Corporation (NYSE:KAMN) shares were bought by Keating Neal J. RABAUT THOMAS W sold 10,000 shares worth $602,513. Tedone John J sold $794,333 worth of stock or 11,007 shares. GOODRICH PHILIP A sold 5,000 shares worth $361,850. CALLAWAY E REEVES III sold $137,319 worth of stock.

Why Has JP Morgan Given Kaman (NYSE:KAMN) a $75 Price Target

Equity analysts at JP Morgan began coverage on shares of Kaman (NYSE:KAMN) in a research report shared with investors on 12 July. The financial firm set Neutral rating on the stock. JP Morgan’s price target of $75 suggests potential of 11.28 % from the stock’s current price.

The stock decreased 0.46% or $0.31 during the last trading session, reaching $67.4. About 24,767 shares traded. Kaman Corporation (NYSE:KAMN) has risen 50.22% since July 12, 2017 and is uptrending. It has outperformed by 37.65% the S&P500.

Analysts await Kaman Corporation (NYSE:KAMN) to report earnings on July, 30. They expect $0.62 EPS, up 29.17 % or $0.14 from last year’s $0.48 per share. KAMN’s profit will be $17.31 million for 27.18 P/E if the $0.62 EPS becomes a reality. After $0.55 actual EPS reported by Kaman Corporation for the previous quarter, Wall Street now forecasts 12.73 % EPS growth.

Kaman Corporation operates in the aerospace and distribution markets. The company has market cap of $1.88 billion. It operates through two business divisions, Distribution and Aerospace. It has a 33.12 P/E ratio. The Distribution segment distributes electro-mechanical products, bearings, power transmission, motion control, and electrical and fluid power components, as well as offers value-added services.

More news for Kaman Corporation (NYSE:KAMN) were recently published by: Businesswire.com, which released: “Kaman Composites Wichita Announces New Work with Bell” on July 12, 2018. Nasdaq.com‘s article titled: “Market Trends Toward New Normal in Altria Group, WesBanco, NVR, Investors Real Estate Trust, Kaman, and Hostess …” and published on June 25, 2018 is yet another important article.

Kaman Corporation (NYSE:KAMN) Institutional Positions Chart

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