Kaman Corporation

NYSE:KAMN Stock Report

Market Cap: US$1.3b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Kaman Management

Management criteria checks 4/4

Kaman's CEO is Ian Walsh, appointed in Sep 2020, has a tenure of 3.58 years. total yearly compensation is $3.55M, comprised of 22% salary and 78% bonuses, including company stock and options. directly owns 0.37% of the company’s shares, worth $4.85M. The average tenure of the management team and the board of directors is 3.2 years and 3.6 years respectively.

Key information

Ian Walsh

Chief executive officer

US$3.6m

Total compensation

CEO salary percentage21.98%
CEO tenure3.6yrs
CEO ownership0.4%
Management average tenure3.2yrs
Board average tenure3.6yrs

Recent management updates

Recent updates

Seeking Alpha • Jan 26

Kaman Aerospace: Why The Take Over Is The Best Thing That Could Happen

Summary Arcline Investment Management offers $1.8 billion to take Kaman Corporation private, providing a 105% premium over the company's closing price. Kaman had significant debt maturing in 2024, making the acquisition a blessing for shareholders. The $46 offer is a sweet deal considering the company's weak performance and lack of potential for the stock to reach that value on its own. Read the full article on Seeking Alpha
Analysis Article • Jan 22

There's Reason For Concern Over Kaman Corporation's (NYSE:KAMN) Massive 88% Price Jump

Despite an already strong run, Kaman Corporation ( NYSE:KAMN ) shares have been powering on, with a gain of 88% in the...
Seeking Alpha • Jan 20

Kaman: Why The Acquisition Must Go Through

Summary Kaman announces an acquisition offer at $46 per share, causing the share price to double. Markets expect the transaction to go through, reflecting probable approval from substantial shareholders based on the acquisition spread. A termination fee of $46 million makes it unlikely for the merger to be terminated, and that's probably for the best. The price seems fine. Read the full article on Seeking Alpha
Analysis Article • Dec 13

Kaman (NYSE:KAMN) Has Announced A Dividend Of $0.20

Kaman Corporation's ( NYSE:KAMN ) investors are due to receive a payment of $0.20 per share on 11th of January. The...
Seeking Alpha • Oct 27

Kaman Stock Held Back By The Weight Of Debt

Summary Kaman operates in the aerospace and defense, medical, and industrial markets. Analysts expect a decline in earnings per share for Q3 2023, but the company has a history of beating estimates. Kaman pays a quarterly dividend of $0.20, bringing its yield to 4.28%. The dividend has not increased since 2017. Read the full article on Seeking Alpha
Analysis Article • Sep 03

Kaman's (NYSE:KAMN) Dividend Will Be $0.20

Kaman Corporation's ( NYSE:KAMN ) investors are due to receive a payment of $0.20 per share on 12th of October. This...
Analysis Article • Aug 20

Kaman (NYSE:KAMN) Has Affirmed Its Dividend Of $0.20

The board of Kaman Corporation ( NYSE:KAMN ) has announced that it will pay a dividend on the 12th of October, with...
Seeking Alpha • Aug 09

Kaman's Q2 Earnings: Navigating Turbulence

Summary Kaman Corporation's Q2 earnings exceeded estimates, with non-GAAP EPS of $0.22 and revenue of $195.2 million. The company saw growth in sales, operating income, and adjusted EBITDA due to acquisitions and cost-saving efforts. However, Kaman has underperformed in the market, struggled with dividend consistency, and faces challenges with interest expenses and overvaluation. Read the full article on Seeking Alpha
Analysis Article • Jul 27

Is Kaman Corporation (NYSE:KAMN) Trading At A 46% Discount?

Key Insights Kaman's estimated fair value is US$42.51 based on 2 Stage Free Cash Flow to Equity Kaman's US$22.91 share...
Seeking Alpha • May 25

Kaman Corporation: A High-Risk/High-Reward Turnaround Play

Summary Net sales remained stagnant for a few years. Profit margins are improving as the management is cutting expenses, improving operating efficiencies, and has acquired a manufacturer of high-value-added products. The company needs to deleverage the balance sheet urgently. The dividend is at risk as interest expenses skyrocketed in the past quarter. This is a high-risk/high-reward turnaround play worth the risks. Read the full article on Seeking Alpha
Analysis Article • Mar 09

Kaman (NYSE:KAMN) Has Announced A Dividend Of $0.20

The board of Kaman Corporation ( NYSE:KAMN ) has announced that it will pay a dividend of $0.20 per share on the 13th...
Seeking Alpha • Feb 22

Kaman declares $0.20 dividend

Kaman (NYSE:KAMN) declares $0.20/share quarterly dividend, in line with previous. Forward yield 3.2% Payable April 13; for shareholders of record March 21; ex-div March 20. See KAMN Dividend Scorecard, Yield Chart, & Dividend Growth.
Analysis Article • Nov 18

Kaman's (NYSE:KAMN) Dividend Will Be $0.20

The board of Kaman Corporation ( NYSE:KAMN ) has announced that it will pay a dividend of $0.20 per share on the 12th...
Analysis Article • Oct 19

We Think Kaman (NYSE:KAMN) Is Taking Some Risk With Its Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Seeking Alpha • Oct 18

Kaman unit receives purchase agreement for helicopter

Kaman Corporation (NYSE:KAMN) unit Kaman Air Vehicles received a signed purchase agreement from North American Helicopter for medium-to-heavy lift helicopter. The delivery is expected in Q4. Source: Press Release
Seeking Alpha • Oct 10

Kaman division to build logistics UAS prototype for US Marine Corps

Kaman (NYSE:KAMN) said Monday its division Kaman Air Vehicles was selected to build a logistics UAS prototype for the U.S. Marine Corps. The unit will build a funded military version of its KARGO UAV, an autonomous medium-lift logistics vehicle. The USMC project is being managed by NAVAIR PMA-263 under the Medium Unmanned Logistics Systems – Air (MULS-A) program. A full-scale demonstrator of the KARGO UAV is under construction, and first flight is scheduled later this year. Parallel testing is ongoing for the autonomy systems that will be employed on the Marine Corps prototype. Carroll Lane, president of KAMN's precision products segment, said KARGO UAV development for the U.S. Marines would remain a priority for the foreseeable future.
Seeking Alpha • Sep 29

Kaman: Failing To Take-Off

Summary Kaman has focused its operations on aerospace at the wrong point in time. The company furthermore announced a nice deal in May, yet it added quite some leverage amidst continued headwinds. A strong dollar, softer operating performance, and higher interest rate environment create real headwinds for the company here.
Analysis Article • Sep 01

Should You Investigate Kaman Corporation (NYSE:KAMN) At US$31.72?

Kaman Corporation ( NYSE:KAMN ), is not the largest company out there, but it saw a decent share price growth in the...
Seeking Alpha • Aug 15

Kaman unit gets $38M award from Boeing for SLAM-ER program

Kaman (NYSE:KAMN) said Monday its unit Kaman Precision Products Fuzing received a ~$38M award from Boeing (BA) for the Standoff Land Attack Missile Expanded Response (SLAM-ER) program. The unit will support engineering for obsolescence redesign and production of 650 safe and arming fuze systems for the SLAM-ER advanced precision-guided, air-launched cruise missile. The award secures deliveries in support of the SLAM-ER program through 2028. Kaman Precision's workforce in Middletown, Connecticut will support the program.
Analysis Article • Aug 11

Does This Valuation Of Kaman Corporation (NYSE:KAMN) Imply Investors Are Overpaying?

How far off is Kaman Corporation ( NYSE:KAMN ) from its intrinsic value? Using the most recent financial data, we'll...
Analysis Article • Jun 15

Is Kaman (NYSE:KAMN) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Seeking Alpha • May 27

Kaman: Buying Quality Parker Assets

Kaman became a pure-play aerospace company just ahead of the pandemic, an ill-timed move with the benefit of hindsight. The company has seen tough times in 2020 and 2021, something which created a long-lasting impact on the share price. The company made a nice bolt-on deal for Parker's assets, jacking up leverage in the meantime, but likely overall being a net positive deal.
Analysis Article • Apr 20

Should You Investigate Kaman Corporation (NYSE:KAMN) At US$44.08?

While Kaman Corporation ( NYSE:KAMN ) might not be the most widely known stock at the moment, it saw a decent share...
Analysis Article • Jan 24

An Intrinsic Calculation For Kaman Corporation (NYSE:KAMN) Suggests It's 24% Undervalued

How far off is Kaman Corporation ( NYSE:KAMN ) from its intrinsic value? Using the most recent financial data, we'll...
Analysis Article • Dec 28

Why Kaman Corporation (NYSE:KAMN) Could Be Worth Watching

Kaman Corporation ( NYSE:KAMN ), is not the largest company out there, but it received a lot of attention from a...
Analysis Article • Nov 05

Here's Why Kaman (NYSE:KAMN) Has A Meaningful Debt Burden

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Sep 09

Kaman (NYSE:KAMN) Has Announced A Dividend Of US$0.20

Kaman Corporation ( NYSE:KAMN ) will pay a dividend of US$0.20 on the 14th of October. This means the dividend yield...
Analysis Article • Aug 07

Kaman (NYSE:KAMN) Will Pay A Dividend Of US$0.20

Kaman Corporation ( NYSE:KAMN ) has announced that it will pay a dividend of US$0.20 per share on the 14th of October...
Analysis Article • Aug 05

Is Kaman Corporation (NYSE:KAMN) Potentially Undervalued?

Kaman Corporation ( NYSE:KAMN ), might not be a large cap stock, but it saw significant share price movement during...

CEO Compensation Analysis

How has Ian Walsh's remuneration changed compared to Kaman's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023n/an/a

US$8m

Sep 29 2023n/an/a

-US$48m

Jun 30 2023n/an/a

-US$49m

Mar 31 2023n/an/a

-US$50m

Dec 31 2022US$4mUS$781k

-US$49m

Sep 30 2022n/an/a

US$17m

Jul 01 2022n/an/a

US$31m

Apr 01 2022n/an/a

US$40m

Dec 31 2021US$5mUS$688k

US$44m

Sep 30 2021n/an/a

US$3m

Jun 30 2021n/an/a

-US$50m

Apr 02 2021n/an/a

-US$62m

Dec 31 2020US$2mUS$204k

-US$70m

Compensation vs Market: Ian's total compensation ($USD3.55M) is below average for companies of similar size in the US market ($USD5.52M).

Compensation vs Earnings: Ian's compensation has been consistent with company performance over the past year.

CEO

Ian Walsh (56 yo)

3.6yrs
Tenure
US$3,553,792
Compensation

Mr. Ian K. Walsh has been President, Chief Executive Officer and Director at Kaman Corporation since September 8, 2020. Mr. Walsh serves as Chairman of the Board at Kaman Corporation since April 14, 2021....

Leadership Team

NamePositionTenureCompensationOwnership
Ian Walsh
President3.6yrsUS$3.55m0.37%
$ 4.9m
Carroll Lane
Senior VPless than a yearUS$1.66m0.19%
$ 2.5m
Matthew Petterson
VP, Chief Accounting Officer & Controllerless than a yearno data0.014%
$ 178.1k
Richard Smith
Senior VP12.3yrsno data0.12%
$ 1.6m
Kristen Samson
VP and Chief Marketing & Communications Officer3.3yrsUS$794.37k0.024%
$ 307.7k
Philip Goodrich
Senior Vice President of Corporate Development12.2yrsno datano data
Megan Morgan
Chief Human Resources Officer & VP of Human Resources3.2yrsno data0.053%
$ 689.3k
John Michelon
Vice President of Tax & Treasurer1.3yrsno datano data
3.2yrs
Average Tenure
49yo
Average Age

Experienced Management: KAMN's management team is considered experienced (3.2 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Ian Walsh
President3.6yrsUS$3.55m0.37%
$ 4.9m
Scott Kuechle
Independent Director11.2yrsUS$247.42k0.11%
$ 1.4m
Jennifer Pollino
Lead Independent Director8.8yrsUS$275.76k0.088%
$ 1.2m
Andrew Higgins
Independent Director15yrsUS$230.01k0.11%
$ 1.5m
Niharika Ramdev
Independent Director1.8yrsUS$164.30k0.030%
$ 388.4k
Michelle Lohmeier
Independent Director3.4yrsUS$241.16k0.042%
$ 542.9k
Aisha Barry
Independent Director3.4yrsUS$225.76k0.042%
$ 542.9k
3.6yrs
Average Tenure
59yo
Average Age

Experienced Board: KAMN's board of directors are considered experienced (3.6 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/04/18 12:54
End of Day Share Price 2024/04/18 00:00
Earnings2023/12/31
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Kaman Corporation is covered by 10 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Robert LabickCJS Securities, Inc.
Scott GrahamJefferies LLC
Seth SeifmanJ.P. Morgan