NEW YORK (
) hit a new 52-week high Monday as it traded at $30.90 compared with its previous 52-Week high of $30.89. Kaman is changing hands at $30.88 with 1,876 shares traded as of 9:41 a.m. ET. Average volume has been 148,000 shares over the past 30 days. Kaman has a market cap of $789 million and is part of the
industry. Shares are up 5.7% year to date as of the close of trading on Friday.
Kaman Corporation operates in the industrial distribution and aerospace markets. The company's Industrial Distribution segment distributes products, including bearings, mechanical and electrical power transmission, fluid power, motion control, and materials handling components. The company has a P/E ratio of 24.7, equal to the average aerospace/defense industry P/E ratio and above the S&P 500 P/E ratio of 23.5.
TheStreet Ratings rates Kaman as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full