Analysts Set Karman Holdings Inc. (NYSE:KRMN) PT at $60.60

Karman Holdings Inc. (NYSE:KRMN) has been assigned a consensus rating of “Buy” from the seven research firms that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $68.00.

Several analysts recently issued reports on KRMN shares. Evercore ISI lifted their price target on shares of Karman from $58.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday. Royal Bank Of Canada lifted 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. Raymond James Financial initiated coverage on shares of Karman in a report on Friday, September 5th. They issued a “strong-buy” rating and a $100.00 target price on the stock. Finally, Citigroup reiterated a “buy” rating and set a $58.00 price target (up previously from $46.50) on shares of Karman in a research note on Monday, June 9th.

Karman Price Performance

KRMN stock opened at $71.37 on Friday. The stock’s 50 day simple moving average is $56.05 and its 200 day simple moving average is $46.20. The company has a quick ratio of 2.58, a current ratio of 2.75 and a debt-to-equity ratio of 1.30. Karman has a fifty-two week low of $25.02 and a fifty-two week high of $74.51.

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

Insider Buying and Selling

In other Karman news, CFO Michael Willis sold 100,000 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer directly owned 974,709 shares in the company, valued at approximately $47,760,741. This trade represents a 9.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephanie Sawhill sold 62,000 shares of Karman stock in a transaction on Friday, July 25th. The stock was sold at an average price of $49.00, for a total transaction of $3,038,000.00. Following the transaction, the insider directly owned 566,939 shares in the company, valued at $27,780,011. This represents a 9.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,865,968 shares of company stock worth $1,169,432,432 in the last ninety days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in KRMN. Global Trust Asset Management LLC purchased a new position in Karman during the second quarter worth about $50,000. Penserra Capital Management LLC bought a new position in shares of Karman during the 2nd quarter worth approximately $95,000. Amalgamated Bank purchased a new position in shares of Karman in the 2nd quarter worth approximately $100,000. Osaic Holdings Inc. bought a new position in shares of Karman in the second quarter valued at approximately $123,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Karman during the first quarter valued at approximately $107,000.

Karman Company Profile

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.