Price Action Alert: What Next for Kaman Corporation Stock After Achieving All Time High?

Price Action Alert: What Next for Kaman Corporation Stock After Achieving All Time High?

The stock of Kaman Corporation (NYSE:KAMN) reached all time high today, Nov, 29 and still has $53.51 target or 9.00% above today’s $49.09 share price. This indicates more upside for the $1.33 billion company. This technical setup was reported by Barchart.com. If the $53.51 PT is reached, the company will be worth $119.70M 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 250,185 shares traded hands or 69.38% up from the average. Kaman Corporation (NYSE:KAMN) has risen 16.79% since April 26, 2016 and is uptrending. It has outperformed by 11.53% the S&P500.

Analysts await Kaman Corporation (NYSE:KAMN) to report earnings on March, 6. They expect $0.69 EPS, 0.00% or $0.00 from last year’s $0.69 per share. KAMN’s profit will be $18.69 million for 17.79 P/E if the $0.69 EPS becomes a reality. After $0.64 actual EPS reported by Kaman Corporation for the previous quarter, Wall Street now forecasts 7.81% EPS growth.

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. As per Tuesday, July 21, the company rating was initiated 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 increased to 1.62 in 2016 Q2. 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 Advisors Ltd Llc holds 12,718 shares or 0% of its portfolio. The New Jersey-based Blackrock Invest Ltd Com has invested 0.01% in Kaman Corporation (NYSE:KAMN). Profund Advsrs has 8,688 shares for 0.02% of their US portfolio. Ubs Asset Management Americas has invested 0% of its portfolio in Kaman Corporation (NYSE:KAMN). Us Comml Bank De has invested 0% of its portfolio in Kaman Corporation (NYSE:KAMN). Nationwide Fund holds 20,720 shares or 0% of its portfolio. Goldman Sachs Grp Inc holds 1.14M shares or 0.02% of its portfolio. The Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Kaman Corporation (NYSE:KAMN). Jpmorgan Chase And, a New York-based fund reported 6,407 shares. Parametric Port Associate Ltd Company has 171,923 shares for 0.01% of their US portfolio. The New York-based Citigroup Incorporated has invested 0% in Kaman Corporation (NYSE:KAMN). Barrow Hanley Mewhinney Strauss Lc accumulated 61,739 shares or 0% of the stock. Deutsche Financial Bank Ag has invested 0% of its portfolio in Kaman Corporation (NYSE:KAMN). Weik Investment Services Inc accumulated 0.2% or 8,000 shares. The United Kingdom-based Blackrock Group Incorporated Ltd has invested 0% in Kaman Corporation (NYSE:KAMN).

Insider Transactions: Since August 2, 2016, the stock had 2 insider buys, and 2 selling transactions for $427,288 net activity. Tedone John J sold 9,442 shares worth $423,214. $85,290 worth of shares were bought by Keating Neal J on Tuesday, August 2. The insider Steiner Gregory L. sold $176,636.

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. Seekingalpha.com‘s article titled: “Kaman Corporation’s (KAMN) CEO Neal Keating on Q2 2016 Results – Earnings Call …” and published on July 29, 2016 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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