Karman (NYSE:KRMN) Trading Down 6.7% – What’s Next?

Karman Holdings Inc. (NYSE:KRMN)’s stock price traded down 6.7% on Tuesday . The company traded as low as $61.01 and last traded at $60.95. 878,219 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 2,016,987 shares. The stock had previously closed at $65.32.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KRMN. Royal Bank Of Canada increased their target price on Karman from $85.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. Evercore increased their target price on Karman from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. Piper Sandler raised shares of Karman from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $110.00 to $127.00 in a research note on Friday, March 6th. Weiss Ratings cut shares of Karman from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, April 24th. Finally, Citigroup raised their price target on shares of Karman from $125.00 to $127.00 and gave the stock a “buy” rating in a research note on Thursday, March 26th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.10.

Karman Trading Down 3.8%

The firm has a fifty day moving average price of $88.66 and a 200 day moving average price of $84.24. The company has a market cap of $8.33 billion, a price-to-earnings ratio of 483.59 and a beta of 0.68. The company has a debt-to-equity ratio of 1.50, a quick ratio of 3.17 and a current ratio of 3.29.

Karman (NYSE:KRMN) last released its quarterly earnings data on Wednesday, March 25th. The company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. Karman had a net margin of 3.68% and a return on equity of 13.15%. The firm had revenue of $134.49 million for the quarter. The company’s quarterly revenue was up 47.5% compared to the same quarter last year. As a group, equities analysts predict that Karman Holdings Inc. will post 0.61 EPS for the current fiscal year.

Institutional Investors Weigh In On Karman

A number of institutional investors have recently modified their holdings of KRMN. GAMMA Investing LLC raised 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 in the last quarter. EverSource Wealth Advisors LLC raised its stake in Karman by 889.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $28,000 after acquiring an additional 347 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in Karman during the third quarter worth about $29,000. Huntington National Bank bought a new stake in shares of Karman during the fourth quarter worth about $32,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of Karman during the fourth quarter worth about $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.