Karman’s (KRMN) “Buy” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Karman (NYSE:KRMN) in a research report released on Thursday morning,Benzinga reports. They currently have a $125.00 target price on the stock.

A number of other equities analysts also recently weighed in on KRMN. Robert W. Baird boosted their price target on Karman from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, March 20th. Royal Bank Of Canada boosted their price target on Karman from $85.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. Truist Financial set a $118.00 price target on Karman in a report on Friday, January 9th. BWS Financial reaffirmed a “sell” rating and set a $37.00 price target on shares of Karman in a report on Friday, March 27th. Finally, KeyCorp raised their price target on Karman from $80.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.10.

Karman Stock Performance

Shares of NYSE:KRMN opened at $84.27 on Thursday. 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 stock has a market capitalization of $11.17 billion, a P/E ratio of 648.25 and a beta of 2.58. The business has a 50-day moving average price of $91.65 and a two-hundred day moving average price of $83.35. Karman has a 1-year low of $28.94 and a 1-year high of $118.38.

Karman (NYSE:KRMN) last issued its quarterly earnings data on Wednesday, March 25th. The company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. Karman had a return on equity of 13.36% and a net margin of 3.68%.The business had revenue of $134.49 million during the quarter. The company’s revenue was up 47.5% on a year-over-year basis.

Institutional Investors Weigh In On Karman

Several hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. lifted its holdings in Karman by 27.3% during the 4th quarter. Invesco Ltd. now owns 4,088,649 shares of the company’s stock valued at $299,166,000 after purchasing an additional 877,462 shares during the last quarter. Vident Advisory LLC acquired a new stake in Karman during the 4th quarter valued at $14,579,000. VARCOV Co. acquired a new stake in shares of Karman during the fourth quarter worth $485,000. Polymer Capital Management US LLC acquired a new stake in shares of Karman during the fourth quarter worth $569,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Karman during the fourth quarter worth $241,000.

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. 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.