Karman (NYSE:KRMN) Sets New 12-Month High – Should You Buy?

Karman Holdings Inc. (NYSE:KRMN) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $57.99 and last traded at $56.50, with a volume of 434777 shares. The stock had previously closed at $53.38.

Analyst Ratings Changes

KRMN has been the subject of several analyst reports. Robert W. Baird boosted their price objective on Karman from $40.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 14th. Raymond James Financial initiated coverage on Karman in a research report on Friday. They set a “strong-buy” rating and a $100.00 price objective for the company. Royal Bank Of Canada boosted their price objective on Karman from $55.00 to $57.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Finally, Citigroup reiterated a “buy” rating and set a $58.00 price objective (up from $46.50) on shares of Karman in a research report on Monday, June 9th. Two research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $60.60.

Karman Stock Performance

The company has a quick ratio of 2.58, a current ratio of 2.75 and a debt-to-equity ratio of 1.30. The stock has a 50 day moving average price of $50.75 and a 200 day moving average price of $42.36.

Karman (NYSE:KRMN) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The firm’s revenue was up 35.3% compared to the same quarter last year. Karman has set its FY 2025 guidance at EPS.

Insider Buying and Selling

In other news, major shareholder Spaceco Spv Lp Tcfiii sold 23,623,968 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $49.00, for a total transaction of $1,157,574,432.00. Following the completion of the sale, the insider owned 50,450,859 shares in the company, valued at approximately $2,472,092,091. This represents a 31.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephanie Sawhill sold 62,000 shares of the stock in a transaction on Friday, July 25th. The shares were sold at an average price of $49.00, for a total value of $3,038,000.00. Following the sale, the insider owned 566,939 shares of the company’s stock, valued at $27,780,011. This trade represents a 9.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,865,968 shares of company stock worth $1,169,432,432 over the last quarter.

Institutional Trading of Karman

A number of hedge funds have recently modified their holdings of the business. Global Trust Asset Management LLC purchased a new stake in shares of Karman in the second quarter valued at $50,000. Penserra Capital Management LLC acquired a new position in shares of Karman in the second quarter worth $95,000. Amalgamated Bank acquired a new position in shares of Karman in the second quarter worth $100,000. Osaic Holdings Inc. acquired a new position in shares of Karman in the second quarter worth $123,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Karman in the first quarter worth $107,000.

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.