Karman Holdings Inc. (NYSE:KRMN) Receives $117.10 Consensus Price Target from Analysts

Shares of Karman Holdings Inc. (NYSE:KRMN) have been assigned an average rating of “Moderate Buy” from the eleven brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $117.10.

KRMN has been the subject of several research analyst reports. BWS Financial reaffirmed a “sell” rating and set a $37.00 price target on shares of Karman in a research report on Friday, March 27th. Royal Bank Of Canada upped their price objective on Karman from $85.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Karman in a research report on Friday, March 27th. Citigroup lifted their target price on Karman from $125.00 to $127.00 and gave the company a “buy” rating in a report on Thursday, March 26th. Finally, Evercore upped their price target on Karman from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd.

Karman Stock Performance

Shares of NYSE KRMN opened at $83.39 on Wednesday. The company has a 50-day simple moving average of $90.12 and a 200-day simple moving average of $84.14. The company has a debt-to-equity ratio of 1.50, a current ratio of 3.29 and a quick ratio of 3.17. The company has a market cap of $11.05 billion, a PE ratio of 641.50 and a beta of 2.58. Karman has a 12 month low of $31.64 and a 12 month high of $118.38.

Karman (NYSE:KRMN) last issued its quarterly earnings results on Wednesday, March 25th. The company reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. Karman had a return on equity of 13.15% and a net margin of 3.68%.The company had revenue of $134.49 million for the quarter. Karman’s revenue was up 47.5% on a year-over-year basis.

Institutional Investors Weigh In On Karman

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its position in Karman by 83.7% during the 4th quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock worth $27,000 after purchasing an additional 170 shares during the period. EverSource Wealth Advisors LLC grew its stake in Karman by 889.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $28,000 after purchasing an additional 347 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in shares of Karman in the third quarter worth $29,000. Kestra Advisory Services LLC bought a new position in Karman during the 4th quarter valued at $32,000. Finally, Huntington National Bank bought a new position in Karman during the 4th quarter valued at $32,000.

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.