Karman (NYSE:KRMN) Stock Picked Up by Analysts at Barclays

Stock analysts at Barclays assumed coverage on shares of Karman (NYSE:KRMN) in a report issued on Friday, Marketbeat Ratings reports. The brokerage set an “overweight” rating and a $79.00 price target on the stock. Barclays‘s price target suggests a potential upside of 141.11% from the stock’s previous close.

A number of other brokerages have also recently commented on KRMN. Royal Bank Of Canada reduced their price objective on Karman from $85.00 to $70.00 and set an “outperform” rating on the stock in a research note on Monday, September 28th. BWS Financial reiterated a “sell” rating and set a $37.00 target price on shares of Karman in a report on Monday, August 10th. Citigroup raised their target price on Karman from $76.00 to $78.00 and gave the company a “buy” rating in a report on Monday, August 10th. Truist Financial reduced their price target on Karman from $118.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Finally, Weiss Ratings upgraded Karman from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $87.33.

Karman Price Performance

Karman stock opened at $32.77 on Friday. Karman has a 52-week low of $30.87 and a 52-week high of $118.38. The firm has a fifty day moving average of $43.61 and a 200-day moving average of $56.09. The firm has a market capitalization of $4.34 billion, a P/E ratio of 112.99 and a beta of 0.64. The company has a quick ratio of 3.40, a current ratio of 3.56 and a debt-to-equity ratio of 2.01.

Karman (NYSE:KRMN) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Karman had a net margin of 6.31% and a return on equity of 15.54%. The firm had revenue of $182.06 million during the quarter. During the same period last year, the company posted $0.10 earnings per share. The firm’s revenue for the quarter was up 58.2% on a year-over-year basis. As a group, analysts predict that Karman will post 0.59 EPS for the current year.

Insider Buying and Selling

In other Karman news, Director David Stinnett acquired 27,000 shares of the stock in a transaction on Wednesday, September 16th. The stock was purchased at an average price of $37.32 per share, for a total transaction of $1,007,640.00. Following the purchase, the director directly owned 3,530,395 shares in the company, valued at $131,754,341.40. This trade represents a 0.77% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.77% of the company’s stock.

Hedge Funds Weigh In On Karman

Institutional investors and hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC grew its holdings in Karman by 8.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 3,949 shares of the company’s stock worth $316,000 after acquiring an additional 297 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Karman by 3,471.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 500 shares of the company’s stock valued at $25,000 after purchasing an additional 486 shares in the last quarter. CX Institutional acquired a new stake in shares of Karman in the 2nd quarter valued at about $28,000. Hilltop National Bank lifted its position in shares of Karman by 87.8% during the second quarter. Hilltop National Bank now owns 1,258 shares of the company’s stock worth $63,000 after purchasing an additional 588 shares during the last quarter. Finally, Tsfg LLC bought a new position in shares of Karman during the second quarter worth about $30,000.

About Karman

Karman (NYSE: KRMN), through its subsidiaries, provides engineered components and manufacturing services for the aerospace and defense industries. The company focuses on mission-critical products used in space launch vehicles, missile systems, hypersonic platforms and other high-performance aerospace applications.

Its capabilities include the design and production of composite and metallic structures, precision-machined components, complex assemblies, thermal protection products and other specialized hardware.