Notable Reporting: Time to Reconsider Kaman Corporation After Reaching 52-Week High?

Notable Reporting: Time to Reconsider Kaman Corporation After Reaching 52 Week High?

The stock of Kaman Corporation (NYSE:KAMN) hit a new 52-week high and has $59.48 target or 25.00% above today’s $47.58 share price. The 8 months bullish chart indicates low risk for the $1.32 billion company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $59.48 price target is reached, the company will be worth $330.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 140,409 shares traded hands or 18.66% up from the average. Kaman Corporation (NYSE:KAMN) has risen 12.96% since April 11, 2016 and is uptrending. It has outperformed by 6.81% the S&P500.

Kaman Corporation (NYSE:KAMN) Ratings Coverage

Out of 2 analysts covering Kaman (NYSE:KAMN), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Kaman has been the topic of 2 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was upgraded on Thursday, December 10 by Longbow. The company was initiated on Tuesday, July 21 by KeyBanc Capital Markets.

According to Zacks Investment Research, “Kaman Corporation is in the following business segments: Aerospace, Industrial Distribution, and Music Distribution. The Aerospace segment serves commercial, U.S. defense and foreign government markets. The Industrial Distribution segment serves nearly every sector of U.S. industry with industrial replacement parts as well as support services. The Music Distribution segment serves domestic and foreign markets with a wide variety of music instruments and accessories and manufactures guitars and other music products for professional and amateur musicians.”

Insitutional Activity: The institutional sentiment decreased to 0.95 in 2016 Q2. Its down 0.01, from 0.96 in 2016Q1. The ratio is negative, as 17 funds sold all Kaman Corporation shares owned while 45 reduced positions. 8 funds bought stakes while 51 increased positions. They now own 26.13 million shares or 1.49% less from 26.53 million shares in 2016Q1.
Comerica Retail Bank has invested 0.01% of its portfolio in Kaman Corporation (NYSE:KAMN). Assetmark has 0% invested in the company for 233 shares. Blackrock Fund Advisors accumulated 0.02% or 1.75 million shares. Citadel Advsr Ltd Com holds 0% of its portfolio in Kaman Corporation (NYSE:KAMN) for 50,203 shares. Lsv Asset Mgmt holds 0.03% or 399,700 shares in its portfolio. Geode Cap Ltd Llc has invested 0% of its portfolio in Kaman Corporation (NYSE:KAMN). Aqr Capital Mngmt Limited Liability Corporation has 33,119 shares for 0% of their US portfolio. The Arizona-based Arizona State Retirement System has invested 0.01% in Kaman Corporation (NYSE:KAMN). London Of Virginia last reported 0.76% of its portfolio in the stock. Tower Research Cap Llc (Trc) owns 633 shares or 0% of their US portfolio. Ubs Asset Mngmt Americas Inc last reported 0% of its portfolio in the stock. D E Shaw & has 67,271 shares for 0.01% of their US portfolio. Voya Invest Ltd Liability last reported 0% of its portfolio in the stock. Credit Suisse Ag reported 22,446 shares or 0% of all its holdings. Moreover, Pnc Services Group Inc Incorporated has 0% invested in Kaman Corporation (NYSE:KAMN) for 171 shares.

Insider Transactions: Since May 26, 2016, the stock had 2 insider purchases, and 3 insider sales for $785,860 net activity. 9,442 shares with value of $423,214 were sold by Tedone John J on Thursday, September 1. $87,272 worth of shares were bought by Keating Neal J on Tuesday, November 1. 4,005 Kaman Corporation (NYSE:KAMN) shares with value of $176,636 were sold by Steiner Gregory L.. GOODRICH PHILIP A sold 8,488 shares worth $358,572.

More notable recent Kaman Corporation (NYSE:KAMN) news were published by: Seekingalpha.com which released: “Kaman Corporation’s (KAMN) CEO Neal Keating on Q3 2016 Results – Earnings Call …” on October 29, 2016, also Businesswire.com with their article: “Kaman Appoints Tribby Warfield Senior VP & General Manager AC&E and Fluid …” published on December 16, 2015, Businesswire.com published: “Kaman Corporation Announces Release Date for Third Quarter 2016 Earnings” on October 11, 2016. More interesting news about Kaman Corporation (NYSE:KAMN) were released by: Businesswire.com and their article: “Kaman Announces Agreement to Acquire GRW Bearing GmbH” published on November 09, 2015 as well as Businesswire.com‘s news article titled: “Kaman to Acquire Timken Alcor Aerospace Technologies” with publication date: October 06, 2015.

KAMN Company Profile

Kaman Corporation, incorporated on December 13, 1945, conducts business in the aerospace and distribution markets. The Firm operates through two divisions: Distribution and Aerospace. The Company’s brands include KAflex, KAron and K-MAX. The Firm produces the wing control surfaces (inboard and outboard flaps, slats and deceleron assemblies) for the United States Air Force’s (USAF’s) A-10 fleet. The Company’s bearings products are included on various military platforms manufactured in North America, Asia and Europe. These products are used as original equipment or specified as replacement parts by the manufacturers. These products are self-lubricating, ball and roller bearings for aircraft flight controls, turbine engines, landing gear and helicopter driveline couplings. The Company’s bearings offerings include super precision miniature ball bearings used in aerospace applications, dental products, surgical power tools, analytical devices and various industrial applications.

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