Karman (NYSE:KRMN) Coverage Initiated by Analysts at Needham & Company LLC

Needham & Company LLC initiated coverage on shares of Karman (NYSE:KRMN) in a research note released on Friday, Marketbeat reports. The brokerage issued a buy rating and a $125.00 price target on the stock.

A number of other brokerages have also recently commented on KRMN. BWS Financial restated a “sell” rating and set a $37.00 price objective on shares of Karman in a research note on Thursday, January 22nd. KeyCorp increased their target price on Karman from $80.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Royal Bank Of Canada raised their target price on Karman from $85.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Citigroup reissued a “buy” rating on shares of Karman in a research report on Thursday, February 19th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $130.00 price objective on shares of Karman in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Karman presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.40.

Karman Price Performance

KRMN stock opened at $99.93 on Friday. The stock has a 50-day moving average price of $96.90 and a two-hundred day moving average price of $79.15. Karman has a 12-month low of $25.02 and a 12-month high of $118.38. The company has a current ratio of 2.86, a quick ratio of 2.69 and a debt-to-equity ratio of 1.27. The company has a market cap of $13.22 billion and a PE ratio of 399.73.

Institutional Trading of Karman

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted 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 acquiring an additional 5,621,556 shares in the last quarter. Lexington Partners L.P. purchased a new position in Karman in the third quarter valued at about $319,861,000. Donaldson Capital Management LLC acquired a new stake in Karman during the 3rd quarter valued at approximately $252,803,000. Schusterman Interests LLC purchased a new stake in Karman during the 3rd quarter worth approximately $148,024,000. Finally, Trustees of the University of Pennsylvania purchased a new stake in Karman during the 4th quarter worth approximately $142,869,000.

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.