Karman (NYSE:KRMN) Sets New 12-Month High – Time to Buy?

Karman Holdings Inc. (NYSE:KRMN)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $117.87 and last traded at $113.0490, with a volume of 278732 shares traded. The stock had previously closed at $113.34.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. BWS Financial reiterated a “sell” rating and set a $37.00 target price on shares of Karman in a research note on Thursday, January 22nd. Truist Financial set a $118.00 price objective on shares of Karman in a report on Friday, January 9th. Citigroup boosted their target price on shares of Karman from $123.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. KeyCorp increased their price target on shares of Karman from $80.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $130.00 price objective on shares of Karman in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.33.

Karman Stock Performance

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 company’s 50-day moving average is $81.23 and its two-hundred day moving average is $69.76. The stock has a market capitalization of $15.11 billion and a P/E ratio of 455.84.

Karman (NYSE:KRMN) last posted its earnings results on Friday, November 7th. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. Karman had a return on equity of 11.11% and a net margin of 2.65%.The firm had revenue of $121.79 million for the quarter. During the same quarter in the prior year, the business earned $0.04 earnings per share. The firm’s revenue was up 41.7% compared to the same quarter last year.

Insider Buying and Selling

In other news, CFO Michael Willis sold 115,000 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $58.63, for a total value of $6,742,450.00. Following the completion of the transaction, the chief financial officer directly owned 859,709 shares in the company, valued at $50,404,738.67. This trade represents a 11.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jonathan Beaudoin sold 74,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $63.69, for a total transaction of $4,713,060.00. Following the transaction, the chief operating officer owned 666,861 shares in the company, valued at $42,472,377.09. This represents a 9.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 251,000 shares of company stock valued at $15,419,170 over the last 90 days.

Institutional Investors Weigh In On Karman

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC boosted its position in shares of Karman by 83.7% in the 4th quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock valued at $27,000 after purchasing an additional 170 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in shares of Karman in the third quarter worth about $29,000. Farther Finance Advisors LLC increased its position in shares of Karman by 56.4% in the third quarter. Farther Finance Advisors LLC now owns 455 shares of the company’s stock worth $33,000 after acquiring an additional 164 shares in the last quarter. Wexford Capital LP acquired a new stake in shares of Karman during the third quarter valued at approximately $41,000. Finally, Hilltop National Bank purchased a new stake in shares of Karman in the 4th quarter valued at approximately $42,000.

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.