Karman Holdings Inc. (NYSE:KRMN) Given Consensus Rating of “Moderate Buy” by Brokerages

Karman Holdings Inc. (NYSE:KRMN) has received an average rating of “Moderate Buy” from the eleven brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $117.10.

A number of equities analysts have issued reports on the company. Royal Bank Of Canada upped their target price on Karman from $85.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. BWS Financial reaffirmed a “sell” rating and issued a $37.00 target price on shares of Karman in a report on Friday, March 27th. Piper Sandler raised Karman from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $110.00 to $127.00 in a report on Friday, March 6th. Evercore upped their target price on Karman from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. Finally, Weiss Ratings downgraded Karman from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, April 24th.

Karman Price Performance

Shares of KRMN opened at $60.62 on Friday. Karman has a 12-month low of $37.30 and a 12-month high of $118.38. The business has a 50-day simple moving average of $87.47 and a two-hundred day simple moving average of $83.95. The company has a quick ratio of 3.17, a current ratio of 3.29 and a debt-to-equity ratio of 1.50. The stock has a market cap of $8.03 billion, a PE ratio of 466.35 and a beta of 0.68.

Karman (NYSE:KRMN) last issued its earnings results on Wednesday, March 25th. The company reported $0.11 earnings per share (EPS) 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 business had revenue of $134.49 million during the quarter. The firm’s revenue was up 47.5% on a year-over-year basis. Analysts anticipate that Karman will post 0.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its holdings 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 buying an additional 170 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Karman by 889.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $28,000 after buying an additional 347 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in Karman during the 3rd quarter worth about $29,000. Kestra Advisory Services LLC acquired a new position in Karman during the 4th quarter worth about $32,000. Finally, Huntington National Bank acquired a new position in Karman during the 4th quarter worth about $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.