The stock of Kaman Corporation (NYSE:KAMN) reached all time high today, Nov, 14 and still has $63.15 target or 32.00% above today’s $47.84 share price. This indicates more upside for the $1.32B company. This technical setup was reported by Barchart.com. If the $63.15 PT is reached, the company will be worth $422.40M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 128,522 shares traded hands or 5.86% up from the average. Kaman Corporation (NYSE:KAMN) has risen 15.53% since April 12, 2016 and is uptrending. It has outperformed by 10.55% 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 firm has “Buy” rating given 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 fall, 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.
The Illinois-based Thomas White Interest has invested 0% in Kaman Corporation (NYSE:KAMN). Aqr Capital Mngmt Limited Liability holds 33,119 shares or 0% of its portfolio. London Of Virginia, a Virginia-based fund reported 2.33 million shares. Tiaa Cref Investment Lc owns 82,610 shares or 0% of their US portfolio. Blackrock Management Limited Co holds 0.01% of its portfolio in Kaman Corporation (NYSE:KAMN) for 121,848 shares. First Republic Inv Mgmt last reported 0% of its portfolio in the stock. Goldman Sachs holds 1.14M shares or 0.02% of its portfolio. Schwab Charles Investment Incorporated has invested 0.01% of its portfolio in Kaman Corporation (NYSE:KAMN). Citigroup holds 0% of its portfolio in Kaman Corporation (NYSE:KAMN) for 15,809 shares. Stevens First Principles Inv Advsrs holds 5,285 shares or 0.17% of its portfolio. Essex Fincl has 0.08% invested in the company for 7,845 shares. Department Mb National Bank & Trust N A last reported 39 shares in the company. Hillsdale Inv Mngmt Inc has 50 shares for 0% of their US portfolio. Blackrock Institutional Na has 695,569 shares for 0% of their US portfolio. Cardinal Cap Mgmt Lc Ct has invested 2.3% of its portfolio in Kaman Corporation (NYSE:KAMN).
Insider Transactions: Since May 26, 2016, the stock had 2 insider buys, and 3 sales for $785,860 net activity. Keating Neal J also bought $87,272 worth of Kaman Corporation (NYSE:KAMN) on Tuesday, November 1. GOODRICH PHILIP A also sold $358,572 worth of Kaman Corporation (NYSE:KAMN) on Thursday, May 26. 4,005 Kaman Corporation (NYSE:KAMN) shares with value of $176,636 were sold by Steiner Gregory L.. Tedone John J sold $423,214 worth of Kaman Corporation (NYSE:KAMN) on Thursday, September 1.
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 Corporation Announces Release Date for Third Quarter 2016 Earnings” published on October 11, 2016, Equitiesfocus.com published: “Kaman Corporation (NYSE:KAMN) 200-Day MA At $43.11” on November 13, 2016. More interesting news about Kaman Corporation (NYSE:KAMN) were released by: Businesswire.com and their article: “Kaman Appoints Tribby Warfield Senior VP & General Manager AC&E and Fluid …” published on December 16, 2015 as well as Businesswire.com‘s news article titled: “Kaman Announces Agreement to Acquire GRW Bearing GmbH” with publication date: November 09, 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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