Karman (NYSE:KRMN) Stock Price Down 9% – Should You Sell?

Karman Holdings Inc. (NYSE:KRMN)’s share price dropped 9% during trading on Friday . The company traded as low as $80.76 and last traded at $80.5110. Approximately 998,320 shares traded hands during trading, a decline of 53% from the average daily volume of 2,112,020 shares. The stock had previously closed at $88.46.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KRMN. Citigroup reaffirmed a “buy” rating on shares of Karman in a report on Thursday. Piper Sandler began coverage on shares of Karman in a research note on Wednesday, January 21st. They set a “neutral” rating and a $98.00 price target on the stock. Royal Bank Of Canada increased their price objective on shares of Karman from $85.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, January 22nd. Truist Financial set a $118.00 price objective on shares of Karman in a research note on Friday, January 9th. Finally, BWS Financial restated a “sell” rating and set a $37.00 target price on shares of Karman in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.33.

Karman Price Performance

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 $10.76 billion and a PE ratio of 325.31. The firm’s 50 day simple moving average is $90.82 and its 200 day simple moving average is $74.69.

Hedge Funds Weigh In On Karman

Large investors have recently made changes to their positions in the business. Rakuten Securities Inc. raised its position in Karman by 28.5% during the 4th quarter. Rakuten Securities Inc. now owns 487 shares of the company’s stock worth $36,000 after buying an additional 108 shares during the last quarter. FIL Ltd grew its holdings in Karman by 0.6% in the fourth quarter. FIL Ltd now owns 26,072 shares of the company’s stock valued at $1,908,000 after purchasing an additional 155 shares during the period. Farther Finance Advisors LLC increased its position in shares of Karman by 56.4% in the third quarter. Farther Finance Advisors LLC now owns 455 shares of the company’s stock valued at $33,000 after buying an additional 164 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of 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. Finally, Amalgamated Bank lifted its position in shares of Karman by 9.4% during the 3rd quarter. Amalgamated Bank now owns 2,183 shares of the company’s stock valued at $158,000 after buying an additional 188 shares in the last quarter.

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.