Karman’s (KRMN) “Sell” Rating Reaffirmed at BWS Financial

Karman (NYSE:KRMN)‘s stock had its “sell” rating reiterated by stock analysts at BWS Financial in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $37.00 price target on the stock. BWS Financial’s price target would suggest a potential downside of 43.31% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. KeyCorp raised their price objective on Karman from $80.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Robert W. Baird raised their price objective on Karman from $115.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, March 20th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $130.00 target price on shares of Karman in a research report on Thursday, January 22nd. Citigroup lowered their target price on Karman from $127.00 to $97.00 and set a “buy” rating for the company in a research report on Monday. Finally, Weiss Ratings raised Karman from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Karman has an average rating of “Moderate Buy” and a consensus price target of $111.60.

Karman Price Performance

NYSE KRMN traded up $2.50 on Monday, hitting $65.27. 551,994 shares of the company’s stock were exchanged, compared to its average volume of 2,088,059. The stock has a 50-day moving average of $84.18 and a 200-day moving average of $83.20. The company has a current ratio of 3.53, a quick ratio of 3.38 and a debt-to-equity ratio of 2.08. Karman has a 52 week low of $41.29 and a 52 week high of $118.38. The stock has a market cap of $8.65 billion, a price-to-earnings ratio of 282.96 and a beta of 0.68.

Karman (NYSE:KRMN) last released its earnings results on Tuesday, May 12th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03. Karman had a return on equity of 14.94% and a net margin of 5.73%.The firm had revenue of $151.21 million during the quarter, compared to analysts’ expectations of $150.19 million. During the same period in the prior year, the company earned $0.05 earnings per share. The company’s quarterly revenue was up 51.0% on a year-over-year basis. Analysts expect that Karman will post 0.59 earnings per share for the current year.

Institutional Trading of Karman

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its stake in Karman by 83.7% in the fourth 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 last quarter. EverSource Wealth Advisors LLC lifted its stake in Karman by 889.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $28,000 after purchasing an additional 347 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in Karman in the third quarter valued at approximately $29,000. Huntington National Bank purchased a new position in Karman in the fourth quarter valued at approximately $32,000. Finally, Kestra Advisory Services LLC purchased a new position in Karman in the fourth quarter valued at approximately $32,000.

Karman Company Profile

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.