Does Kaman Corporation (NYSE:KAMN) Have Gas After Even Less Sellers Involved?

April 9, 2018 - By reb123z

Kaman Corporation (NYSE:KAMN) Logo

Investors sentiment decreased to 1.03 in Q4 2017. Its down 0.34, from 1.37 in 2017Q3. It dropped, as 10 investors sold Kaman Corporation shares while 55 reduced holdings. 19 funds opened positions while 48 raised stakes. 25.22 million shares or 1.05% less from 25.49 million shares in 2017Q3 were reported.
M&T State Bank Corp, a New York-based fund reported 13,352 shares. Hightower Advisors Llc has 6,671 shares. Principal Financial Group Inc Inc accumulated 0.01% or 228,358 shares. Mason Street Advsrs Limited Liability, a Wisconsin-based fund reported 7,234 shares. Invesco Limited holds 313,767 shares. Maryland-based Brown Advisory Inc has invested 0% in Kaman Corporation (NYSE:KAMN). Essex Financial Services reported 0.1% in Kaman Corporation (NYSE:KAMN). Td Asset Management holds 0% of its portfolio in Kaman Corporation (NYSE:KAMN) for 18,800 shares. Hutchin Hill Ltd Partnership has invested 0.15% in Kaman Corporation (NYSE:KAMN). Moreover, Regions Fincl Corporation has 0% invested in Kaman Corporation (NYSE:KAMN). Thrivent Fincl For Lutherans reported 17,291 shares. 2,113 were reported by Envestnet Asset Mngmt. Geode Capital Management Ltd Co owns 234,954 shares for 0% of their portfolio. Royal Commercial Bank Of Canada invested in 478 shares. Arizona State Retirement reported 46,750 shares.

Since March 5, 2018, it had 0 buys, and 1 insider sale for $602,513 activity.

The stock of Kaman Corporation (NYSE:KAMN) registered a decrease of 5.94% in short interest. KAMN’s total short interest was 929,800 shares in April as published by FINRA. Its down 5.94% from 988,500 shares, reported previously. With 160,900 shares average volume, it will take short sellers 6 days to cover their KAMN’s short positions. The short interest to Kaman Corporation’s float is 3.42%.

The stock decreased 2.77% or $1.76 during the last trading session, reaching $61.73. About 168,289 shares traded or 6.79% up from the average. Kaman Corporation (NYSE:KAMN) has risen 29.19% since April 9, 2017 and is uptrending. It has outperformed by 17.64% the S&P500.

Kaman Corporation operates in the aerospace and distribution markets. The company has market cap of $1.72 billion. It operates through two business divisions, Distribution and Aerospace. It has a 35.27 P/E ratio. The Distribution segment distributes electro-mechanical products, bearings, power transmission, motion control, and electrical and fluid power components, as well as offers value-added services.

Kaman Corporation (NYSE:KAMN) Ratings Coverage

Among 2 analysts covering Kaman (NYSE:KAMN), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Kaman had 2 analyst reports since October 26, 2017 according to SRatingsIntel. Northcoast downgraded the stock to “Hold” rating in Thursday, March 15 report. The firm has “Hold” rating by KeyBanc Capital Markets given on Thursday, October 26.

Kaman Corporation (NYSE:KAMN) Institutional Positions Chart

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