Karman (NYSE:KRMN) Stock Price Down 6.9% – Time to Sell?

Karman Holdings Inc. (NYSE:KRMN) shares traded down 6.9% during mid-day trading on Monday . The stock traded as low as $46.09 and last traded at $46.9180. 483,725 shares traded hands during trading, a decline of 80% from the average session volume of 2,420,537 shares. The stock had previously closed at $50.37.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Truist Financial upgraded shares of Karman to a “strong-buy” rating in a research report on Friday, May 1st. Royal Bank Of Canada reissued an “outperform” rating and set a $100.00 price target on shares of Karman in a research note on Tuesday, June 2nd. Needham & Company LLC restated a “buy” rating and set a $125.00 price objective on shares of Karman in a report on Thursday, April 9th. Citigroup lowered their price objective on Karman from $127.00 to $97.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Finally, Evercore set a $100.00 target price on Karman in a research note on Wednesday, May 13th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Karman has a consensus rating of “Moderate Buy” and an average price target of $105.60.

Karman Price Performance

The company’s 50 day moving average price is $63.29 and its 200-day moving average price is $80.37. The company has a current ratio of 3.53, a quick ratio of 3.38 and a debt-to-equity ratio of 2.08. The company has a market capitalization of $6.14 billion, a PE ratio of 201.49 and a beta of 0.32.

Karman (NYSE:KRMN) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The company had revenue of $151.21 million for the quarter, compared to the consensus estimate of $150.19 million. Karman had a return on equity of 14.94% and a net margin of 5.73%.The company’s quarterly revenue was up 51.0% compared to the same quarter last year. During the same period last year, the business posted $0.05 EPS. On average, sell-side analysts forecast that Karman Holdings Inc. will post 0.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC grew its stake in Karman by 83.7% during the fourth 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 raised its stake in shares of Karman by 889.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $28,000 after acquiring an additional 347 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in shares of Karman in the 3rd quarter valued at $29,000. Kestra Advisory Services LLC acquired a new position in shares of Karman during the 4th quarter valued at $32,000. Finally, Huntington National Bank acquired a new position in shares of Karman during the 4th quarter valued at $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.