Barclays Forecasts Strong Price Appreciation for Karman (NYSE:KRMN) Stock

Karman (NYSE:KRMN) had its price objective lifted by equities researchers at Barclays from $79.00 to $80.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 71.97% from the stock’s previous close.

A number of other research analysts have also recently weighed in on KRMN. Needham & Company LLC dropped their price target on Karman from $80.00 to $50.00 and set a “buy” rating for the company in a research report on Friday. Truist Financial decreased their price objective on shares of Karman from $118.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Weiss Ratings raised shares of Karman from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Royal Bank Of Canada cut their target price on shares of Karman from $70.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, October 28th. Finally, Citigroup lifted their price objective on Karman from $76.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.07.

Karman Price Performance

Shares of KRMN traded up $0.91 on Monday, reaching $46.52. The stock had a trading volume of 542,962 shares, compared to its average volume of 2,883,177. The firm has a market capitalization of $6.17 billion, a PE ratio of 117.84 and a beta of 0.45. The company has a quick ratio of 2.87, a current ratio of 3.10 and a debt-to-equity ratio of 2.21. The firm has a 50-day moving average of $35.93 and a 200 day moving average of $62.50. Karman has a twelve month low of $29.34 and a twelve month high of $118.38.

Karman (NYSE:KRMN) last issued its quarterly earnings data on Friday, November 6th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. The firm had revenue of $201.62 million during the quarter. Karman had a return on equity of 17.68% and a net margin of 7.54%. The business’s revenue for the quarter was up 65.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 earnings per share. Sell-side analysts expect that Karman will post 0.63 EPS for the current year.

Insider Buying and Selling at Karman

In related news, Director David Stinnett acquired 27,000 shares of the stock in a transaction dated Wednesday, September 16th. The stock was bought at an average cost of $37.32 per share, with a total value of $1,007,640.00. Following the purchase, the director directly owned 3,530,395 shares of the company’s stock, valued at approximately $131,754,341.40. This represents a 0.77% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.77% of the stock is currently owned by company insiders.

Institutional Trading of Karman

Institutional investors have recently modified their holdings of the company. Danske Bank A S grew its stake in Karman by 14.1% during the third quarter. Danske Bank A S now owns 6,576 shares of the company’s stock worth $213,000 after buying an additional 812 shares during the period. Mawer Investment Management Ltd. purchased a new stake in shares of Karman during the third quarter worth about $5,472,000. William Blair Investment Management LLC increased its holdings in Karman by 87.4% during the 3rd quarter. William Blair Investment Management LLC now owns 1,832,222 shares of the company’s stock worth $59,401,000 after purchasing an additional 854,760 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in shares of Karman in the third quarter worth $29,000. Finally, Fifth Third Bancorp increased its position in shares of Karman by 34.8% in the 3rd quarter. Fifth Third Bancorp now owns 167,935 shares of the company’s stock worth $5,444,000 after purchasing an additional 43,387 shares during the last quarter.

Karman Company Profile

Karman Holdings, Inc is an aerospace and defense company that designs and manufactures systems and components for missile and space programs. Its products support applications including propulsion, payload delivery, launch vehicles and spacecraft.

The company supplies mission-critical hardware such as rocket motor components, separation systems, structures and related assemblies. Its products are used by government and commercial customers across the United States and in international markets.

Karman brings together businesses with capabilities in engineering, manufacturing and testing for aerospace and defense applications.