Karman Holdings Inc. (NYSE:KRMN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Karman Holdings Inc. (NYSE:KRMN) has earned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $103.3333.

KRMN has been the topic of several research reports. Royal Bank Of Canada lifted their price target on shares of Karman from $85.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. Evercore ISI lifted their target price on shares of Karman from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. Piper Sandler began coverage on shares of Karman in a research note on Wednesday, January 21st. They issued a “neutral” rating and a $98.00 price target for the company. KeyCorp raised their price objective on Karman from $80.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $130.00 price objective on shares of Karman in a report on Thursday, January 22nd.

Insider Buying and Selling at Karman

In other Karman news, insider Stephanie Sawhill sold 62,000 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $63.93, for a total value of $3,963,660.00. Following the completion of the sale, the insider owned 504,939 shares in the company, valued at approximately $32,280,750.27. The trade was a 10.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Michael Willis sold 115,000 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $58.63, for a total transaction of $6,742,450.00. Following the completion of the transaction, the chief financial officer owned 859,709 shares in the company, valued at $50,404,738.67. This represents a 11.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 251,000 shares of company stock worth $15,419,170.

Hedge Funds Weigh In On Karman

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake 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 worth $683,571,000 after purchasing an additional 5,621,556 shares during the last quarter. Lexington Partners L.P. purchased a new stake in Karman in the 3rd quarter worth approximately $319,861,000. Donaldson Capital Management LLC purchased a new stake in Karman in the 3rd quarter worth approximately $252,803,000. Invesco Ltd. grew its position in shares of Karman by 68.6% in the 3rd quarter. Invesco Ltd. now owns 3,211,187 shares of the company’s stock worth $231,848,000 after buying an additional 1,306,135 shares during the last quarter. Finally, Bamco Inc. NY increased its stake in shares of Karman by 0.6% during the second quarter. Bamco Inc. NY now owns 2,415,134 shares of the company’s stock valued at $121,650,000 after buying an additional 14,486 shares during the period.

Karman Trading Down 3.8%

NYSE KRMN opened at $110.89 on Friday. The stock’s 50-day simple moving average is $83.35 and its two-hundred day simple moving average is $70.36. Karman has a twelve month low of $25.02 and a twelve month high of $118.38. The company has a quick ratio of 2.69, a current ratio of 2.86 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $14.67 billion and a price-to-earnings ratio of 443.56.

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

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.