Karman (NYSE:KRMN) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Karman (NYSE:KRMN) had its price target upped by investment analysts at Robert W. Baird from $115.00 to $135.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price target indicates a potential upside of 35.93% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Truist Financial set a $118.00 target price on Karman in a report on Friday, January 9th. Citigroup restated a “buy” rating on shares of Karman in a report on Thursday, February 19th. BWS Financial reiterated a “sell” rating and set a $37.00 price objective on shares of Karman in a report on Thursday, January 22nd. Needham & Company LLC started coverage on Karman in a research report on Friday, March 13th. They issued a “buy” rating and a $125.00 target price on the stock. Finally, Evercore lifted their target price on Karman from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Karman has a consensus rating of “Moderate Buy” and an average target price of $116.90.

Karman Trading Down 6.3%

Shares of KRMN opened at $99.31 on Friday. The stock has a market cap of $13.14 billion and a PE ratio of 397.25. Karman has a 1 year low of $25.02 and a 1 year high of $118.38. The stock has a 50 day simple moving average of $97.73 and a 200-day simple moving average of $81.02. The company has a current ratio of 2.86, a quick ratio of 2.69 and a debt-to-equity ratio of 1.27.

Institutional Investors Weigh In On Karman

Several institutional investors and hedge funds have recently added to or reduced their stakes in KRMN. Vanguard Group Inc. increased its position in shares of Karman by 151.1% in the fourth quarter. Vanguard Group Inc. now owns 9,342,230 shares of the company’s stock valued at $683,571,000 after acquiring an additional 5,621,556 shares during the last quarter. Lexington Partners L.P. acquired a new position in Karman during the third quarter valued at approximately $319,861,000. Donaldson Capital Management LLC acquired a new position in Karman during the third quarter valued at approximately $252,803,000. Schusterman Interests LLC bought a new position in Karman in the third quarter valued at approximately $148,024,000. Finally, Trustees of the University of Pennsylvania bought a new position in Karman in the fourth quarter valued at approximately $142,869,000.

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.