Longbow Issues an Upgrade on Kaman (NASDAQ:KAMN) Shares. What’s Next?

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Kaman (NASDAQ:KAMN) Stock Upgrade

It will be interesting to watch today’s trading of shares of Kaman (NASDAQ:KAMN) as Longbow upgraded the stock from a Neutral to a respectable Buy.

From a total of 5 analysts covering Kaman (NASDAQ:KAMN) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 63% of the ratings are positive. Kaman was the topic of 3 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Zacks upgraded shares on September 22 to “Hold” rating.

Approximately 95,988 shares of stock traded hands or 21.12% up from the average. Kaman Corporation (NASDAQ:KAMN) has declined 6.89% since May 7, 2015 and is downtrending. It has underperformed by 4.96% the S&P500.

The overall sentiment of institutions has decreased to 1.14 in Q2 2015. Its down 0.26, from 1.4 in 2015Q2. The ratio turned negative, as 17 institutions have sold all the shares of Kaman Corporation that they owned while 49 funds have taken shares off the table. 17 funds have purchased shares for the first time while 58 added to their positions. These institutions now hold 26.03 million shares or 0.87% less than the 26.25 million shares they owned in 2015Q2.

The Fund Cardinal Capital Management Llc Ct currently is holding shares equating to 2.08% of its total portfolio in Kaman Corporation representing a total of 928,320 shares. Another fund,Snyder Capital Management L P, is holding a total of 635,009 shares equating to 1.47% of their holdings. Additionally, Granahan Investment Management Inc Ma has a 737,427 share stake in Kaman Corporation which represents 0.96% of their total portfolio. The Fund, Gamco Investors Inc. Et Al, based out of New York, has also built up a stake in the stock, which represents a total of 0.85% of their total portfolio. Finally Investment Counselors Of Maryland Llc, a fund which is based in the state of Maryland reported a total holdings of 383,617 shares.

Insider activity is a very important aspect to track on any stock. Going back to May 4, 2015, shareholders of Kaman Corporation have witnessed 0 insider purchases, and a total of 2 insider sales equating to a net activity of approximately $112,062 . Gamco Investors – Inc. Et Al sold 2,000 shares worth approximately $79,621. Goodrich Philip A sold 5,442 shares worth approximately $231,795. Steiner Gregory L. sold 4,005 shares worth approximately $166,728. Keating Neal J bought 2,250 shares worth approximately $94,588.

Kaman Corporation is a diversified company that conducts business in the aerospace and distribution markets. The company has a market cap of $1.05 billion. The Firm operates in two divisions: Distribution and Aerospace. It has 15.16 P/E ratio. The Distribution segment is a power transmission, motion control, electrical and automation, and fluid power industrial distributor.

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.” Get a free copy of the Zacks research report on Kaman Corporation (KAMN).

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