Kaman Stock Hits New 52-Week High (KAMN)

NEW YORK ( TheStreet) -- Kaman Corporation (Nasdaq: KAMN) hit a new 52-week high Friday as it is currently trading at $37.37, above its previous 52-week high of $37.36 with 20,758 shares traded as of 12:16 p.m. ET. Average volume has been 145,600 shares over the past 30 days.

Kaman has a market cap of $968.8 million and is part of the industrial goods sector and aerospace/defense industry. Shares are up 27.6% year to date as of the close of trading on Thursday.

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 25.3, equal to the average aerospace/defense industry P/E ratio and above the S&P 500 P/E ratio of 17.
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TheStreet Ratings rates Kaman as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Kaman Ratings Report.

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