Stock Mover of the Day: After Making All-Time High, Is Kaman Corporation’s Near-Term Analysis Positive?

Stock Mover of the Day: After Making All Time High, Is Kaman Corporation's Near Term Analysis Positive?

The stock of Kaman Corporation (NYSE:KAMN) reached all time high today, Nov, 22 and still has $53.14 target or 8.00% above today’s $49.20 share price. This indicates more upside for the $1.34B company. This technical setup was reported by Barchart.com. If the $53.14 PT is reached, the company will be worth $107.20 million 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 63,024 shares traded hands. Kaman Corporation (NYSE:KAMN) has risen 16.63% since April 20, 2016 and is uptrending. It has outperformed by 12.07% 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 stock of Kaman Corporation (NYSE:KAMN) has “Sector Weight” rating given on Tuesday, July 21 by KeyBanc Capital Markets. Longbow upgraded the stock to “Buy” rating in Thursday, December 10 report.

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 increased to 1.62 in Q2 2016. Its up 0.67, from 0.95 in 2016Q1. The ratio is positive, 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.
Blackrock Invest Limited Liability Corp holds 121,848 shares or 0.01% of its portfolio. California Pub Employees Retirement Systems reported 59,400 shares or 0% of all its holdings. Granahan Invest Management Inc Ma holds 667,648 shares or 1.03% of its portfolio. The California-based Blackrock Fund Advsr has invested 0.02% in Kaman Corporation (NYSE:KAMN). Quantbot Techs Limited Partnership last reported 2,436 shares in the company. Teacher Retirement Systems Of Texas has 0.01% invested in the company for 18,010 shares. Utd Svcs Automobile Association holds 70,013 shares or 0.01% of its portfolio. Legal And General Group Pcl reported 6,224 shares or 0% of all its holdings. The Illinois-based Northern Corp has invested 0.01% in Kaman Corporation (NYSE:KAMN). Fmr Limited Liability Company accumulated 1.22 million shares or 0.01% of the stock. Rhumbline Advisers accumulated 43,977 shares or 0.01% of the stock. Invesco Ltd has invested 0% of its portfolio in Kaman Corporation (NYSE:KAMN). Nationwide Fund Advisors last reported 20,720 shares in the company. Mackenzie Financial accumulated 0% or 10,648 shares. Brown Advisory has 0% invested in the company for 11,389 shares.

Insider Transactions: Since May 26, 2016, the stock had 2 insider purchases, and 2 insider sales for $427,288 net activity. $423,214 worth of Kaman Corporation (NYSE:KAMN) was sold by Tedone John J. On Tuesday, August 2 the insider Keating Neal J bought $85,290. 8,488 Kaman Corporation (NYSE:KAMN) shares with value of $358,572 were sold by GOODRICH PHILIP A. $176,636 worth of Kaman Corporation (NYSE:KAMN) was sold by Steiner Gregory L. on Monday, August 15.

More news for Kaman Corporation (NYSE:KAMN) were recently published by: Businesswire.com, which released: “Kaman Corporation Announces Release Date for Third Quarter 2016 Earnings” on October 11, 2016. Businesswire.com‘s article titled: “Kaman Appoints Tribby Warfield Senior VP & General Manager AC&E and Fluid …” and published on December 16, 2015 is yet another important article.

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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