Karman Holdings Inc. (NYSE:KRMN) Receives $116.90 Consensus Price Target from Brokerages

Karman Holdings Inc. (NYSE:KRMN) has earned an average rating of “Moderate Buy” from the eleven research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $116.90.

KRMN has been the topic of several research analyst reports. Truist Financial set a $118.00 price objective on Karman in a research note on Friday, January 9th. Robert W. Baird raised their target price on Karman from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday. Weiss Ratings restated a “hold (c-)” rating on shares of Karman in a research note on Monday, December 29th. BWS Financial reaffirmed a “sell” rating and set a $37.00 price target on shares of Karman in a research report on Thursday, January 22nd. Finally, Piper Sandler upgraded Karman from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $110.00 to $127.00 in a research note on Friday, March 6th.

Karman Stock Up 3.4%

Karman stock opened at $102.79 on Friday. The firm has a 50 day moving average price of $97.64 and a 200-day moving average price of $81.56. The company has a quick ratio of 2.69, a current ratio of 2.86 and a debt-to-equity ratio of 1.27. Karman has a twelve month low of $25.02 and a twelve month high of $118.38. The company has a market capitalization of $13.60 billion and a P/E ratio of 411.14.

Hedge Funds Weigh In On Karman

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in shares of Karman by 83.7% in the fourth quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock valued at $27,000 after purchasing an additional 170 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Karman by 889.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $28,000 after buying an additional 347 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in Karman in the 3rd quarter worth approximately $29,000. Huntington National Bank purchased a new position in Karman in the 4th quarter valued at approximately $32,000. Finally, Kestra Advisory Services LLC bought a new stake in Karman during the 4th quarter valued at $32,000.

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. 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.