Kaman Corporation, together with its subsidiaries, operates in the aerospace, medical, and industrial markets. The company produces and markets aircraft bearings and components; super precision miniature ball bearings; spring energized seals, springs, and contacts; and metallic and composite aero structures for commercial, military, and general aviation fixed and rotary wing aircrafts. It also provides safe and arming solutions for missile and bomb systems for the U.S. and allied militaries; manufactures and supports K-MAX manned and unmanned medium-to-heavy lift helicopters; and restores, modifies, and supports its SH-2G Super Seasprite maritime helicopters. The company operates in North America, Europe, the Middle East, Asia, Oceania, and internationally. Kaman Corporation was incorporated in 1945 and is headquartered in Bloomfield, Connecticut.
IPO Year:
Exchange: NYSE
Website: kaman.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/2/2022 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 10/31/2022 | $45.00 → $37.00 | Underweight | JP Morgan |
| 2/28/2022 | $59.00 → $52.00 | Overweight | Keybanc |
| 6/23/2021 | $65.00 → $59.00 | Overweight | Keybanc |
KeyBanc Capital Markets downgraded Kaman from Overweight to Sector Weight
JP Morgan resumed coverage of Kaman with a rating of Underweight and set a new price target of $37.00 from $45.00 previously
Keybanc reiterated coverage of Kaman with a rating of Overweight and set a new price target of $52.00 from $59.00 previously
Keybanc reiterated coverage of Kaman with a rating of Overweight and set a new price target of $59.00 from $65.00 previously
PORTLAND, Tenn., Aug. 12, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (NASDAQ:SHLS), a global leader in electrical balance of systems (EBOS) solutions for the energy transition market, today announced that its Board of Directors has appointed Niharika Taskar Ramdev to the Board, effective August 9, 2024. The Board also appointed Ms. Ramdev to be a member of the Audit Committee of the Board. Ms. Ramdev replaces Peter Wilver, who resigned from the Board of Directors as of August 9, 2024. Shoals thanks Mr. Wilver for his service to the Company and its stockholders. "We are grateful to Pete for his outstanding contribution to Shoals and are excited to welcome Niharika to the Boar
Kaman Corp. (NYSE:KAMN) ("Kaman" or the "Company") announced it delivered a new medium-to-heavy lift K‑MAX® helicopter to Black Tusk Helicopter Inc. of Squamish, BC, Canada. Black Tusk performs various external lift projects of every scale, ranging from aerial timber harvesting, ski tower setting, firefighting, and hydroelectric projects. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240424256620/en/The K-MAX ® aircraft is the second helicopter to be added to Black Tusk's fleet located in British Columbia, Canada. (Photo courtesy of Kaman) "Black Tusk is a highly respected operator, and we appreciate the confidence Black Tusk h
Kaman Corporation ("Kaman" or the "Company") today announced the completion of its acquisition by Arcline Investment Management, L.P. ("Arcline") in an all-cash transaction with a total enterprise value of approximately $1.8 billion. The transaction was previously announced on January 19, 2024, and was approved by Kaman shareholders on April 17, 2024. With the completion of the transaction, Kaman shareholders will receive $46.00 per share in cash. Kaman's common stock has ceased trading and will be delisted from the New York Stock Exchange. "We are thrilled to announce the completion of this value-maximizing transaction with Arcline and are proud to have delivered an outcome that is in
NEW YORK, April 18, 2024 /PRNewswire/ -- Cohen & Steers Inc. (NYSE:CNS) will replace Kaman Corp. (NYSE:KAMN) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, April 23. Arcline Investment Management LP is acquiring Kaman in a deal expected to close on April 19, pending final closing conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector April 23, 2024 S&P SmallCap 600 Addition Cohen & Steers CNS Financials S&P S
Fourth Quarter 2023 Highlights: Net sales: $203.1 million Operating income: $12.0 million Net earnings: $2.0 million Adjusted EBITDA*: $25.6 million; Adjusted EBITDA margin*: 12.6% Diluted earnings per share: $0.07 per share, $0.12 per share adjusted* Full Year 2023 Highlights: Net sales: $775.9 million Operating income: $49.1 million Net earnings: $7.9 million Adjusted EBITDA*: $106.7 million; Adjusted EBITDA margin*: 13.7% Diluted earnings per share: $0.28 per share, $0.49 per share adjusted* Kaman Corp. (NYSE:KAMN) ("Kaman" or "the Company") today reported financial results for the fourth fiscal quarter and full year ended December 31, 2023. Table 1
(NYSE:KAMN) The Kaman Corporation board of directors declared a regular quarterly dividend of 20 cents per common share. The dividend will be paid on April 11, 2024, to shareholders of record on March 19, 2024. About Kaman Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut, conducts business in the aerospace & defense, industrial and medical markets. Kaman produces and markets proprietary aircraft bearings and components; super precision, miniature ball bearings; proprietary spring energized seals, springs and contacts; wheels, brakes and related hydraulic components for helicopters, fixed-wing and UAV aircraft; complex
Kaman Shareholders to Receive $46.00 Per Share in Cash, Delivering Significant and Certain Cash Value to Shareholders Kaman Corp. (NYSE:KAMN) ("Kaman" or the "Company") today announced that it has entered into a definitive agreement to be acquired by Arcline Investment Management, L.P. ("Arcline"), a growth-oriented private equity firm with deep experience investing in technology-driven, meaningful-to-the-world industrial businesses, in an all-cash transaction with a total enterprise value of approximately $1.8 billion. Upon completion of the transaction, Kaman will become a privately held company. Under the terms of the agreement, Kaman shareholders will receive $46.00 per share in cas
(NYSE:KAMN) The Kaman Corporation board of directors declared a regular quarterly dividend of 20 cents per common share. The dividend will be paid on January 11, 2024, to shareholders of record on December 19, 2023. About Kaman Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut, conducts business in the aerospace & defense, industrial and medical markets. Kaman produces and markets proprietary aircraft bearings and components; super precision, miniature ball bearings; proprietary spring energized seals, springs and contacts; wheels, brakes and related hydraulic components for helicopters, fixed-wing and UAV aircraft; com
Third Quarter 2023 Highlights: Revising full year outlook after another strong quarter; Expect higher sales, operating income and adjusted EBITDA led by sustained growth in Engineered Products Net sales: $183.0 million Operating income: $11.9 million Net earnings: $1.5 million Adjusted EBITDA*: $25.2 million; Adjusted EBITDA margin*: 13.8% Diluted earnings per share: $0.05 per share, $0.10 per share adjusted* Kaman Corp. (NYSE:KAMN) today reported financial results for the third fiscal quarter ended September 29, 2023. Table 1. Summary of Financial Results (unaudited) Thousands of U.S. dollars (except share data)
Kaman Corp. (NYSE:KAMN) announced today that it will report its third quarter 2023 results after the stock market closes on Wednesday, November 1, 2023, and host a live webcast and conference call at 8:30 am ET on Thursday, November 2, 2023. A supplemental presentation relating to the third quarter 2023 results will be posted to the Company's website prior to the earnings call at http://www.kaman.com/investors/quarterly-earnings-calls. Participants must register for the teleconference. Once registration is complete, participants will be provided with a dial-in number containing a personalized PIN to access the call. While not required, it is recommended that participants join 10 minutes p
PORTLAND, Tenn., Aug. 12, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (NASDAQ:SHLS), a global leader in electrical balance of systems (EBOS) solutions for the energy transition market, today announced that its Board of Directors has appointed Niharika Taskar Ramdev to the Board, effective August 9, 2024. The Board also appointed Ms. Ramdev to be a member of the Audit Committee of the Board. Ms. Ramdev replaces Peter Wilver, who resigned from the Board of Directors as of August 9, 2024. Shoals thanks Mr. Wilver for his service to the Company and its stockholders. "We are grateful to Pete for his outstanding contribution to Shoals and are excited to welcome Niharika to the Boar
NEW YORK, April 18, 2024 /PRNewswire/ -- Cohen & Steers Inc. (NYSE:CNS) will replace Kaman Corp. (NYSE:KAMN) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, April 23. Arcline Investment Management LP is acquiring Kaman in a deal expected to close on April 19, pending final closing conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector April 23, 2024 S&P SmallCap 600 Addition Cohen & Steers CNS Financials S&P S
Kaman Corporation (NYSE:KAMN) announced today that Carroll K. Lane has been appointed a Senior Vice President of Kaman Corporation and President of its Air Vehicles and Precision Products divisions. Mr. Lane joins Kaman from Pratt & Whitney where he was the President of Commercial Engines and led the development, program management, and aftermarket operations of the company's portfolio of large commercial engines. He succeeds Darlene Smith who is retiring at the end of the year. Mr. Lane has expertise in P&L management, strategic planning, and investor relations and spent close to a decade at United Technologies Corporation (UTC), now Raytheon Technologies Corporation. Prior to leading Pra
Kaman Corporation (NYSE:KAMN) announced today that Niharika Taskar Ramdev has been appointed to its Board of Directors. Ms. Ramdev is a highly qualified finance executive with global work experience in the United States, India, China, and Singapore. "We are extremely pleased to welcome Niharika to our Board of Directors," said Ian Walsh, Chairman, President and CEO of Kaman. "Her impressive background in finance, operations and supply chain and her global perspective will be extremely valuable to our organization. With the addition of Niharika, we now have seven independent directors with a wide range of complementary skill sets. Diversifying our board will continue to make Kaman a stronge
Motorcar Parts of America, Inc. (NASDAQ:MPAA) today announced the appointment of Patricia (Tribby) W. Warfield to its board of directors --reflecting the company's strong commitment to board diversity, experience, and solid corporate governance policies. The Motorcar Parts of America board now consists of 11 directors, 10 of whom are independent. "Tribby offers a wealth of automotive, industrial and distribution experience that will be invaluable to the company as we continue to benefit from the company's global footprint. We look forward to her advice and counsel at an exciting stage in the company's evolution, which today includes numerous complementary and high-demand product line offe
James Coogan to Succeed Robert Starr as Chief Financial Officer Kaman Corporation (NYSE:KAMN) (the "Company") today announced the appointment of James Coogan as Senior Vice President and Chief Financial Officer, effective immediately. Mr. Coogan, who served as the Vice President, Investor Relations and Corporate Development of Kaman, will succeed Robert Starr. Mr. Starr will continue to be employed by the Company through July 31, 2021, as Executive Vice President and will work closely with Mr. Coogan and the Kaman leadership team to ensure a seamless transition. Mr. Coogan joined Kaman in 2008 as Manager of External Reporting and SEC Compliance, during which time he helped enhance Kaman's
Neal J. Keating to Retire as Chairman of Kaman's Board of Directors Ian K. Walsh, President and CEO of Kaman to become Chairman of the Board Jennifer Pollino to assume role of Lead Independent Director (NYSE:KAMN) Kaman Corporation (the "Company") announced today that Neal J. Keating, Chairman of the Board of Directors of Kaman, retired from the Board of Directors at the Company's 2021 Annual Meeting of Stockholders on April 14, 2021, in accordance with the previously announced transition plan. Upon Mr. Keating's retirement, the Board appointed Kaman President and Chief Executive Officer, Ian K. Walsh, as Chairman. Neal Keating has served Kaman Corporation as the Chairman of the Board f
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Fourth Quarter 2023 Highlights: Net sales: $203.1 million Operating income: $12.0 million Net earnings: $2.0 million Adjusted EBITDA*: $25.6 million; Adjusted EBITDA margin*: 12.6% Diluted earnings per share: $0.07 per share, $0.12 per share adjusted* Full Year 2023 Highlights: Net sales: $775.9 million Operating income: $49.1 million Net earnings: $7.9 million Adjusted EBITDA*: $106.7 million; Adjusted EBITDA margin*: 13.7% Diluted earnings per share: $0.28 per share, $0.49 per share adjusted* Kaman Corp. (NYSE:KAMN) ("Kaman" or "the Company") today reported financial results for the fourth fiscal quarter and full year ended December 31, 2023. Table 1
(NYSE:KAMN) The Kaman Corporation board of directors declared a regular quarterly dividend of 20 cents per common share. The dividend will be paid on April 11, 2024, to shareholders of record on March 19, 2024. About Kaman Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut, conducts business in the aerospace & defense, industrial and medical markets. Kaman produces and markets proprietary aircraft bearings and components; super precision, miniature ball bearings; proprietary spring energized seals, springs and contacts; wheels, brakes and related hydraulic components for helicopters, fixed-wing and UAV aircraft; complex
(NYSE:KAMN) The Kaman Corporation board of directors declared a regular quarterly dividend of 20 cents per common share. The dividend will be paid on January 11, 2024, to shareholders of record on December 19, 2023. About Kaman Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut, conducts business in the aerospace & defense, industrial and medical markets. Kaman produces and markets proprietary aircraft bearings and components; super precision, miniature ball bearings; proprietary spring energized seals, springs and contacts; wheels, brakes and related hydraulic components for helicopters, fixed-wing and UAV aircraft; com
Third Quarter 2023 Highlights: Revising full year outlook after another strong quarter; Expect higher sales, operating income and adjusted EBITDA led by sustained growth in Engineered Products Net sales: $183.0 million Operating income: $11.9 million Net earnings: $1.5 million Adjusted EBITDA*: $25.2 million; Adjusted EBITDA margin*: 13.8% Diluted earnings per share: $0.05 per share, $0.10 per share adjusted* Kaman Corp. (NYSE:KAMN) today reported financial results for the third fiscal quarter ended September 29, 2023. Table 1. Summary of Financial Results (unaudited) Thousands of U.S. dollars (except share data)
Kaman Corp. (NYSE:KAMN) announced today that it will report its third quarter 2023 results after the stock market closes on Wednesday, November 1, 2023, and host a live webcast and conference call at 8:30 am ET on Thursday, November 2, 2023. A supplemental presentation relating to the third quarter 2023 results will be posted to the Company's website prior to the earnings call at http://www.kaman.com/investors/quarterly-earnings-calls. Participants must register for the teleconference. Once registration is complete, participants will be provided with a dial-in number containing a personalized PIN to access the call. While not required, it is recommended that participants join 10 minutes p
(NYSE:KAMN) The Kaman Corporation board of directors declared a regular quarterly dividend of 20 cents per common share. The dividend will be paid on October 12, 2023, to shareholders of record on September 19, 2023. About Kaman Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut, conducts business in the aerospace & defense, industrial and medical markets. Kaman produces and markets proprietary aircraft bearings and components; super precision, miniature ball bearings; proprietary spring energized seals, springs and contacts; wheels, brakes and related hydraulic components for helicopters, fixed-wing and UAV aircraft; comp
Second Quarter 2023 Highlights: Revising full year guidance; Expect higher operating income and adjusted EBITDA led by sustained growth in Engineered Products Net sales: $195.2 million Operating income: $17.6 million Net earnings: $5.3 million Adjusted EBITDA*: $32.0 million; Adjusted EBITDA margin*: 16.4% Diluted earnings per share: $0.19 per share, $0.22 per share adjusted* Kaman Corp. (NYSE:KAMN) today reported financial results for the second fiscal quarter ended June 30, 2023. Table 1. Summary of Financial Results (unaudited) Thousands of U.S. dollars (except share data) Three Months Ended
Kaman Corp. (NYSE:KAMN) announced today that it will report its second quarter 2023 results after the stock market closes on Wednesday, August 2, 2023, and host a live webcast and conference call at 8:30 am ET on Thursday, August 3, 2023. A supplemental presentation relating to the second quarter 2023 results will be posted to the Company's website prior to the earnings call at http://www.kaman.com/investors/quarterly-earnings-calls. Participants must register for the teleconference. Once registration is complete, participants will be provided with a dial-in number containing a personalized PIN to access the call. While not required, it is recommended that participants join 10 minutes pri
(NYSE:KAMN) The Kaman Corporation board of directors declared a regular quarterly dividend of 20 cents per common share. The dividend will be paid on July 13, 2023, to shareholders of record on June 20, 2023. About Kaman Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut, conducts business in the aerospace & defense, industrial and medical markets. Kaman produces and markets proprietary aircraft bearings and components; super precision, miniature ball bearings; proprietary spring energized seals, springs and contacts; wheels, brakes and related hydraulic components for helicopters, fixed-wing and UAV aircraft; complex me
First Quarter 2023 Highlights: Net sales: $194.5 million Operating income: $8.6 million Net loss: $19 thousand Adjusted EBITDA*: $24.8 million; Adjusted EBITDA margin*: 12.7% Diluted (loss) earnings per share: $(0.00) per share, $0.08 per share adjusted* Kaman Corp. (NYSE:KAMN) today reported financial results for the first fiscal quarter ended March 31, 2023. Table 1. Summary of Financial Results (unaudited) Thousands of U.S. dollars (except share data) Three Months Ended March 31, 2023 December 31, 2022 April 1, 2022 Net sales $ 194,542 $
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Arcline Investment Management LP is acquiring Kaman in a deal expected to close on April 19, pending final closing conditions.
Friday marks the last chance for investors to receive the next dividend payout from Kaman (NYSE:KAMN). What's Happening The company announced on Wednesday that it would pay shareholders a quarterly dividend of 20 cents per share. On Monday, Kaman will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 20 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own KAMN as of the end of Friday's session are eligible to receive the 20 cents dividend payout for every share
Kaman (NYSE:KAMN) reported quarterly earnings of $0.12 per share which missed the analyst consensus estimate of $0.14 by 14.29 percent. This is a 71.43 percent decrease over earnings of $0.42 per share from the same period last year. The company reported quarterly sales of $203.10 million which beat the analyst consensus estimate of $195.77 million by 3.74 percent. This is a 3.02 percent increase over sales of $197.14 million the same period last year.
U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining more than 200 points on Friday. The Dow traded up 0.95% to 37,824.10 while the NASDAQ rose 1.39% to 15,264.30. The S&P 500 also rose, gaining, 1.06% to 4,831.75. Check This Out: Jim Cramer Predicts A 'Terrific Year' For This Manufacturer, And As For U-Haul? 'I'm Fine With It' Leading and Lagging Sectors Information technology shares rose by 1.6% on Friday. In trading on Friday, utilities shares fell by 0.6%. Top Headline State Street Corporation (NYSE:STT) posted better-than-expected earnings for its fourth quarter. State Street reported fourth-quarter revenues of $3.04 billion, down 4
Shares of TransCode Therapeutics, Inc. (NASDAQ:RNAZ) fell sharply during Friday’s session. TransCode Therapeutics priced a 5,942,623 share common stock offering at $1.22 per share. TransCode Therapeutics shares dipped 24.3% to $0.8248 on Friday. Here are some other stocks moving in today's mid-day session. Gainers Charge Enterprises, Inc. (NASDAQ:CRGE) shares surged 105.4% to $0.2510. Kaman Corporation (NASDAQ:KAMN) shares climbed 101.3% to $45.14 after the company announced it will be acquired by Arcline for $1.8 billion. Mesa Air Group Inc (NASDAQ:MESA) gained 70.4% to $1.09 as the company entered into new agreements with United Airlines for improved operating and financing terms
Gainers Kaman (NYSE:KAMN) shares increased by 101.1% to $45.12 during Friday's regular session. The market value of their outstanding shares is at $1.2 billion. Mesa Air Gr (NASDAQ:MESA) shares moved upwards by 59.35% to $1.02. The company's market cap stands at $41.6 million. Spirit Airlines (NYSE:SAVE) shares moved upwards by 22.28% to $6.97. The market value of their outstanding shares is at $760.8 million. Northann (AMEX:NCL) stock rose 12.03% to $1.21. The company's market cap stands at $25.8 million. Quhuo (NASDAQ:QH) stock increased by 11.96% to $1.17. The market value of their outstanding shares is at $6.4 million. Energy Focus (NASDAQ:EFOI) stock moved upwards by 7.43% to $1.5
U.S. stocks traded higher midway through trading, with the Dow Jones index gaining around 150 points on Friday. The Dow traded up 0.41% to 37,621.27 while the NASDAQ rose 0.66% to 15,154.43. The S&P 500 also rose, gaining, 0.46% to 4,803.12. Check This Out: Jim Cramer Predicts A 'Terrific Year' For This Manufacturer, And As For U-Haul? 'I'm Fine With It' Leading and Lagging Sectors Information technology shares rose by 1.1% on Friday. In trading on Friday, materials shares fell by 0.5%. Top Headline The University of Michigan's consumer sentiment jumped to 78.8 in January, notching the highest level since July 2021, up from 69.7 in December and versus market estimates of
U.S. stocks traded higher, with the Dow Jones index gaining around 50 points on Friday. Shares of World Acceptance Corporation (NASDAQ:WRLD) rose sharply during Friday’s session following upbeat quarterly results. World Acceptance posted quarterly earnings of $2.84 per share, beating market estimates of $1.88 per share. The company’s quarterly sales came in at $137.75 million versus expectations of $130.58 million. World Acceptance shares jumped 10.2% to $134.00 on Friday. Here are some other big stocks recording gains in today’s session. Kaman Corporation (NASDAQ:KAMN) shares gained 101.3% to $45.14 after the company announced it will be acquired by Arcline for $1.8 billion. Edgew
U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 50 points on Friday. Following the market opening Friday, the Dow traded up 0.18% to 37,536.76 while the NASDAQ rose 0.38% to 15,113.04. The S&P 500 also rose, gaining, 0.19% to 4,790.00. Check This Out: Jim Cramer Predicts A 'Terrific Year' For This Manufacturer, And As For U-Haul? 'I'm Fine With It' Leading and Lagging Sectors Information technology shares rose by 0.6% on Friday. In trading on Friday, utilities shares fell by 0.3%. Top Headline Schlumberger Limited (NYSE:SLB) posted better-than-expected earnings for its fourth quarter. SLB posted adjusted earnings of 86 cents per share,
Kaman Corporation (NYSE:KAMN) shares are trading higher in the premarket session on Friday. The company inked a pact to be acquired by private equity firm Arcline Investment Management in an all-cash transaction with a total enterprise value of approximately $1.8 billion. Kaman, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut, conducts business in the aerospace & defense, industrial and medical markets. Under the terms of the agreement, Kaman shareholders will receive $46.00 per share in cash. The per-share purchase price represents a premium of approximately 105% over Kaman’s closing share price on January 18, 2024. “Over the l