Karman (NYSE:KRMN) Shares Down 7.3% – What’s Next?

Shares of Karman Holdings Inc. (NYSE:KRMN) were down 7.3% during mid-day trading on Monday . The stock traded as low as $54.00 and last traded at $53.2750. Approximately 1,125,308 shares changed hands during trading, a decline of 49% from the average daily volume of 2,185,691 shares. The stock had previously closed at $57.50.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on KRMN shares. Evercore set a $100.00 price objective on shares of Karman in a research report on Wednesday, May 13th. Piper Sandler lowered their price objective on shares of Karman from $127.00 to $114.00 and set an “overweight” rating for the company in a research report on Tuesday, May 19th. Robert W. Baird increased their price objective on shares of Karman from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, March 20th. Weiss Ratings raised shares of Karman from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, BWS Financial reissued a “sell” rating and set a $37.00 price objective on shares of Karman in a research report on Monday, May 18th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $108.10.

Karman Trading Down 6.7%

The business’s 50-day moving average is $76.51 and its two-hundred day moving average is $81.97. The firm has a market cap of $7.11 billion, a P/E ratio of 234.17 and a beta of 0.33. The company has a debt-to-equity ratio of 2.08, a current ratio of 3.53 and a quick ratio of 3.38.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. AustralianSuper Pty Ltd bought a new position in shares of Karman in the 4th quarter valued at about $33,679,000. Robert Wood Johnson Foundation bought a new position in shares of Karman in the 3rd quarter valued at about $70,488,000. Congress Asset Management Co. bought a new position in shares of Karman in the 4th quarter valued at about $24,212,000. UBS Group AG lifted its stake in shares of Karman by 103.7% during the 4th quarter. UBS Group AG now owns 926,976 shares of the company’s stock worth $67,827,000 after buying an additional 471,894 shares during the last quarter. Finally, Federated Hermes Inc. acquired a new stake in shares of Karman during the 3rd quarter worth about $2,055,000.

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.