Karman Holdings Inc. (NYSE:KRMN) Receives Consensus Recommendation of “Buy” from Analysts

Karman Holdings Inc. (NYSE:KRMN) has earned an average recommendation of “Buy” from the ten research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $80.4286.

KRMN has been the topic of several research analyst reports. Evercore ISI increased their price target on shares of 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 reduced their target price on Karman from $93.00 to $85.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Truist Financial started coverage on Karman in a report on Friday, October 10th. They issued a “buy” rating and a $89.00 price target for the company. Citigroup started coverage on Karman in a research note on Thursday, December 11th. They set a “buy” rating and a $84.00 price objective on the stock. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Karman in a report on Monday, December 29th.

Insider Buying and Selling

In other news, COO Jonathan Beaudoin sold 74,000 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $63.69, for a total transaction of $4,713,060.00. Following the sale, the chief operating officer directly owned 666,861 shares in the company, valued at approximately $42,472,377.09. This represents a 9.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Willis sold 115,000 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $58.63, for a total value of $6,742,450.00. Following the completion of the sale, the chief financial officer directly owned 859,709 shares in the company, valued at approximately $50,404,738.67. This trade represents a 11.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 251,000 shares of company stock worth $15,419,170 over the last quarter.

Institutional Investors Weigh In On Karman

Hedge funds have recently added to or reduced their stakes in the stock. Baird Financial Group Inc. bought a new position in shares of Karman during the first quarter worth about $1,632,000. Alliancebernstein L.P. bought a new position in Karman in the 1st quarter worth about $37,182,000. Millennium Management LLC acquired a new stake in shares of Karman in the first quarter valued at approximately $10,199,000. Select Equity Group L.P. acquired a new stake in shares of Karman in the first quarter valued at approximately $6,550,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Karman during the first quarter valued at approximately $17,371,000.

Karman Stock Up 5.1%

KRMN stock opened at $76.87 on Monday. The company has a current ratio of 2.86, a quick ratio of 2.69 and a debt-to-equity ratio of 1.27. The firm has a 50 day simple moving average of $71.09 and a 200-day simple moving average of $62.90. The company has a market capitalization of $10.17 billion and a P/E ratio of 307.47. Karman has a twelve month low of $25.02 and a twelve month high of $88.82.

Karman (NYSE:KRMN) last posted its quarterly earnings data on Friday, November 7th. The company reported $0.10 EPS for the quarter, meeting analysts’ consensus estimates of $0.10. The firm had revenue of $121.79 million for the quarter. Karman had a net margin of 2.65% and a return on equity of 11.11%. The company’s revenue was up 41.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.04 earnings per share.

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. We estimate that no single program accounted for more than 10% of sales for the nine months ended September 30, 2024 or the twelve months ended December 31, 2023, with revenue from over 100 active programs supporting current production and next-generation space, missile, hypersonic, and defense applications.