Karman Holdings Inc. (NYSE:KRMN) Receives $103.50 Consensus PT from Analysts

Shares of Karman Holdings Inc. (NYSE:KRMN) have received an average rating of “Moderate Buy” from the eleven brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $102.00.

A number of brokerages recently weighed in on KRMN. Weiss Ratings downgraded shares of Karman from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, June 29th. KeyCorp cut their price target on shares of Karman from $122.00 to $100.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Royal Bank Of Canada decreased their price target on shares of Karman from $100.00 to $85.00 and set an “outperform” rating on the stock in a report on Friday. BWS Financial restated a “sell” rating and set a $37.00 price objective on shares of Karman in a research report on Monday, May 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price objective on shares of Karman in a report on Thursday, April 9th.

Karman Price Performance

Shares of NYSE KRMN opened at $47.76 on Friday. The firm has a market capitalization of $6.33 billion, a P/E ratio of 207.66 and a beta of 0.51. The company has a quick ratio of 3.38, a current ratio of 3.53 and a debt-to-equity ratio of 2.08. The stock’s 50-day simple moving average is $52.30 and its two-hundred day simple moving average is $76.58. Karman has a twelve month low of $43.68 and a twelve month high of $118.38.

Karman (NYSE:KRMN) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. The firm had revenue of $151.21 million for the quarter, compared to analysts’ expectations of $150.19 million. Karman had a return on equity of 14.94% and a net margin of 5.73%.The company’s revenue was up 51.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.05 EPS. As a group, equities analysts anticipate that Karman will post 0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Karman

A number of large investors have recently added to or reduced their stakes in the company. Rakuten Securities Inc. boosted its holdings in shares of Karman by 28.5% in the 4th quarter. Rakuten Securities Inc. now owns 487 shares of the company’s stock worth $36,000 after purchasing an additional 108 shares in the last quarter. FIL Ltd raised its holdings in shares of Karman by 0.6% during the 4th quarter. FIL Ltd now owns 26,072 shares of the company’s stock valued at $1,908,000 after buying an additional 155 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Karman by 83.7% during the 4th quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock valued at $27,000 after buying an additional 170 shares in the last quarter. Barclays PLC boosted its stake in Karman by 2.2% in the third quarter. Barclays PLC now owns 12,964 shares of the company’s stock worth $936,000 after buying an additional 273 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in Karman by 8.1% in the first quarter. Janney Montgomery Scott LLC now owns 3,949 shares of the company’s stock worth $316,000 after buying an additional 297 shares in the last quarter.

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.