Kaman Corporation [NYSE: KAMN] price plunged by -0.54 percent to reach at -$0.12. The company report on March 7, 2023 that Kaman and PHI Aviation Announce Commercial Agreement.
PHI To Purchase 50 KARGO UAVTM Purpose-Built Autonomous Medium-Lift Logistics Vehicles.
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Kaman Corporation (NYSE: KAMN) and PHI Aviation LLC (“PHI”) announced at the 2023 HAI Heli-Expo that Kaman’s subsidiary, Kaman Aerospace Corporation (“Kaman”) and PHI have entered into a master commercial agreement for the promotion, sales and support of a commercial version of Kaman’s KARGO UAVTM unmanned aerial system, including collaboration relating to its ongoing design and certification. In connection with that agreement, Kaman and PHI entered into a Non-Binding Memorandum of Understanding that outlines PHI’s intent to purchase 50 units of Kaman’s commercial KARGO UAVTM. Kaman and PHI expressed their commitment to work together to bring KARGO UAVTM to the broader commercial market and offer field support in the future.
A sum of 68123 shares traded at recent session while its average daily volume was at 146.42K shares. Kaman Corporation shares reached a high of $22.275 and dropped to a low of $21.75 until finishing in the latest session at $21.99.
The one-year KAMN stock forecast points to a potential upside of 42.13. The average equity rating for KAMN stock is currently 3.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Kaman Corporation [KAMN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KAMN shares is $38.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KAMN stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
KeyBanc Capital Markets have made an estimate for Kaman Corporation shares, keeping their opinion on the stock as Sector Weight, with their previous recommendation back on November 02, 2022. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $45 to $37. The new note on the price target was released on October 31, 2022, representing the official price target for Kaman Corporation stock.
The Average True Range (ATR) for Kaman Corporation is set at 0.79, with the Price to Sales ratio for KAMN stock in the period of the last 12 months amounting to 0.87. The Price to Book ratio for the last quarter was 0.90, with the Price to Cash per share for the same quarter was set at 0.89.
KAMN Stock Performance Analysis:
Kaman Corporation [KAMN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.35. With this latest performance, KAMN shares dropped by -11.51% in over the last four-week period, additionally sinking by -25.71% over the last 6 months – not to mention a drop of -48.19% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for KAMN stock in for the last two-week period is set at 42.08, with the RSI for the last a single of trading hit 41.17, and the three-weeks RSI is set at 43.27 for Kaman Corporation [KAMN]. The present Moving Average for the last 50 days of trading for this stock 23.99, while it was recorded at 22.53 for the last single week of trading, and 26.54 for the last 200 days.
Insight into Kaman Corporation Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Kaman Corporation [KAMN] shares currently have an operating margin of -3.25 and a Gross Margin at +23.78. Kaman Corporation’s Net Margin is presently recorded at -6.72.
Return on Total Capital for KAMN is now -1.98, given the latest momentum, and Return on Invested Capital for the company is -4.11. Return on Equity for this stock declined to -6.25, with Return on Assets sitting at -3.44. When it comes to the capital structure of this company, Kaman Corporation [KAMN] has a Total Debt to Total Equity ratio set at 83.95. Additionally, KAMN Total Debt to Total Capital is recorded at 45.64, with Total Debt to Total Assets ending up at 38.50. Long-Term Debt to Equity for the company is recorded at 82.98, with the Long-Term Debt to Total Capital now at 45.11.
Reflecting on the efficiency of the workforce at the company, Kaman Corporation [KAMN] managed to generate an average of -$15,092 per employee. Receivables Turnover for the company is 3.32 with a Total Asset Turnover recorded at a value of 0.51.Kaman Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 3.40.
KAMN Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for KAMN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Kaman Corporation go to 10.00%.
Kaman Corporation [KAMN] Insider Position Details
There are presently around $543 million, or 91.00% of KAMN stock, in the hands of institutional investors. The top three institutional holders of KAMN stocks are: BLACKROCK INC. with ownership of 5,187,460, which is approximately 3.963% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 3,141,839 shares of the stock with an approximate value of $69.47 million in KAMN stocks shares; and GAMCO INVESTORS, INC. ET AL, currently with $56.5 million in KAMN stock with ownership of nearly 12.244% of the company’s market capitalization.
Positions in Kaman Corporation stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 73 institutional holders increased their position in Kaman Corporation [NYSE:KAMN] by around 2,541,872 shares. Additionally, 77 investors decreased positions by around 2,170,943 shares, while 22 investors held positions by with 19,846,606 shares. The mentioned changes placed institutional holdings at 24,559,421 shares, according to the latest SEC report filing. KAMN stock had 19 new institutional investments in for a total of 312,166 shares, while 32 institutional investors sold positions of 1,489,519 shares during the same period.