Karman Holdings Inc. (NYSE:KRMN) Given Consensus Rating of “Buy” by Brokerages

Karman Holdings Inc. (NYSE:KRMN) has been assigned an average recommendation of “Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $50.75.

KRMN has been the topic of several recent analyst reports. Citigroup reaffirmed a “buy” rating and set a $58.00 price objective (up from $46.50) on shares of Karman in a report on Monday, June 9th. Robert W. Baird increased their price objective on shares of Karman from $40.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, May 14th. Finally, Royal Bank Of Canada increased their price objective on shares of Karman from $55.00 to $57.00 and gave the company an “outperform” rating in a report on Friday, August 8th.

Insider Buying and Selling at Karman

In other news, COO Jonathan Beaudoin sold 80,000 shares of the firm’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $49.00, for a total value of $3,920,000.00. Following the transaction, the chief operating officer directly owned 740,861 shares of the company’s stock, valued at approximately $36,302,189. This trade represents a 9.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Michael Willis sold 100,000 shares of the firm’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $49.00, for a total transaction of $4,900,000.00. Following the completion of the transaction, the chief financial officer directly owned 974,709 shares in the company, valued at approximately $47,760,741. This represents a 9.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 23,865,968 shares of company stock valued at $1,169,432,432.

Hedge Funds Weigh In On Karman

A number of institutional investors have recently bought and sold shares of KRMN. Global Trust Asset Management LLC purchased a new position in Karman during the second quarter worth about $50,000. Penserra Capital Management LLC purchased a new position in Karman during the second quarter worth about $95,000. Amalgamated Bank purchased a new position in Karman during the second quarter worth about $100,000. SBI Securities Co. Ltd. purchased a new position in Karman during the first quarter worth about $107,000. Finally, US Bancorp DE purchased a new position in Karman during the first quarter worth about $124,000.

Karman Stock Performance

KRMN stock opened at $53.38 on Tuesday. The company has a current ratio of 2.75, a quick ratio of 2.58 and a debt-to-equity ratio of 1.30. Karman has a one year low of $25.02 and a one year high of $57.31. The firm’s fifty day moving average price is $50.24.

Karman (NYSE:KRMN) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The business’s quarterly revenue was up 35.3% on a year-over-year basis. Karman has set its FY 2025 guidance at EPS.

About Karman

We specialize in the upfront design, testing, manufacturing, and sale of mission-critical systems for existing and emerging missile and defense, and space programs. Our integrated payload protection, propulsion, and interstage system solutions are deployed across a wide variety of existing and emerging programs supporting important Department of Defense (“DoD”) and space sector initiatives.