Karman (NYSE:KRMN) Stock Rating Upgraded by Piper Sandler

Karman (NYSE:KRMN) was upgraded by equities research analysts at Piper Sandler from a “neutral” rating to an “overweight” rating in a note issued to investors on Friday, Marketbeat reports. The firm currently has a $127.00 target price on the stock, up from their prior target price of $110.00. Piper Sandler’s price target would indicate a potential upside of 26.24% from the stock’s previous close.

KRMN has been the topic of a number of other reports. 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. KeyCorp boosted their price objective on Karman from $80.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Raymond James Financial reissued a “strong-buy” rating and set a $130.00 target price on shares of Karman in a research note on Thursday, January 22nd. Citigroup restated a “buy” rating on shares of Karman in a report on Thursday, February 19th. Finally, BWS Financial reissued a “sell” rating and set a $37.00 price target on shares of Karman in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Karman presently has a consensus rating of “Moderate Buy” and an average price target of $106.56.

Karman Stock Performance

Shares of KRMN stock opened at $100.60 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.69 and a current ratio of 2.86. The firm has a market cap of $13.31 billion and a P/E ratio of 402.40. The firm’s 50 day moving average price is $94.16 and its 200-day moving average price is $77.57. Karman has a one year low of $25.02 and a one year high of $118.38.

Institutional Trading of Karman

A number of large investors have recently made changes to their positions in KRMN. Rakuten Securities Inc. lifted its stake in Karman by 28.5% in the fourth quarter. Rakuten Securities Inc. now owns 487 shares of the company’s stock worth $36,000 after acquiring an additional 108 shares during the last quarter. FIL Ltd increased its position in shares of Karman by 0.6% in the 4th quarter. FIL Ltd now owns 26,072 shares of the company’s stock valued at $1,908,000 after purchasing an additional 155 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Karman by 56.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 455 shares of the company’s stock valued at $33,000 after purchasing an additional 164 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of 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 last quarter. Finally, Amalgamated Bank grew its stake in shares of Karman by 9.4% during the third quarter. Amalgamated Bank now owns 2,183 shares of the company’s stock worth $158,000 after purchasing an additional 188 shares in the last quarter.

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.