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

Shares of Karman Holdings Inc. (NYSE:KRMN) have been given an average rating of “Buy” by the nine analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $71.50.

KRMN has been the topic of several research reports. Evercore ISI upped their target price on Karman from $58.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Royal Bank Of Canada upped their target price on Karman from $55.00 to $57.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Karman in a research report on Wednesday, October 8th. Truist Financial assumed coverage on Karman in a report on Friday, October 10th. They set a “buy” rating and a $89.00 price objective on the stock. Finally, Raymond James Financial assumed coverage on Karman in a report on Friday, September 5th. They set a “strong-buy” rating and a $100.00 price objective on the stock.

Insider Buying and Selling

In other news, COO Jonathan Beaudoin sold 80,000 shares of the stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $49.00, for a total transaction of $3,920,000.00. Following the transaction, the chief operating officer owned 740,861 shares of the company’s stock, valued at approximately $36,302,189. This represents a 9.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Michael Willis sold 100,000 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $49.00, for a total value 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 represents a 9.30% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,865,968 shares of company stock worth $1,169,432,432.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Farther Finance Advisors LLC grew its stake in shares of Karman by 56.4% in the third quarter. Farther Finance Advisors LLC now owns 455 shares of the company’s stock worth $33,000 after acquiring an additional 164 shares during the last quarter. Global Retirement Partners LLC grew its position in Karman by 5,718.2% in the 3rd quarter. Global Retirement Partners LLC now owns 640 shares of the company’s stock worth $46,000 after purchasing an additional 629 shares during the last quarter. Global Trust Asset Management LLC bought a new position in shares of Karman during the 2nd quarter worth about $50,000. Penserra Capital Management LLC acquired a new position in shares of Karman during the second quarter valued at about $95,000. Finally, Amalgamated Bank bought a new stake in shares of Karman in the second quarter valued at about $100,000.

Karman Price Performance

Shares of KRMN stock opened at $79.16 on Wednesday. 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 $80.32. The stock’s 50-day moving average is $64.35 and its two-hundred day moving average is $50.66.

Karman (NYSE:KRMN) last issued its earnings results on Thursday, August 7th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). The business had revenue of $115.10 million during the quarter. Karman’s revenue for the quarter was up 35.3% compared to the same quarter last year. 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.