Karman Holdings Inc. (NYSE:KRMN) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Karman Holdings Inc. (NYSE:KRMN) have been given a consensus recommendation of “Moderate Buy” by the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $105.60.

A number of equities analysts have commented on the stock. Evercore set a $100.00 price objective on shares of Karman in a research note on Wednesday, May 13th. Piper Sandler dropped their price objective on shares of Karman from $127.00 to $114.00 and set an “overweight” rating for the company in a research note on Tuesday, May 19th. KeyCorp dropped their price objective on shares of Karman from $122.00 to $100.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. BWS Financial reissued a “sell” rating and issued a $37.00 price objective on shares of Karman in a research note on Monday, May 18th. Finally, Truist Financial raised shares of Karman to a “strong-buy” rating in a research note on Friday, May 1st.

Hedge Funds Weigh In On Karman

Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC grew its stake in shares of Karman by 83.7% in the 4th quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock worth $27,000 after buying an additional 170 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Karman by 889.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $28,000 after purchasing an additional 347 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in shares of Karman during the 3rd quarter worth about $29,000. Huntington National Bank purchased a new position in shares of Karman during the 4th quarter worth about $32,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of Karman during the 4th quarter worth about $32,000.

Karman Stock Performance

Shares of NYSE KRMN opened at $45.98 on Thursday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 3.38 and a current ratio of 3.53. The company has a market cap of $6.09 billion, a P/E ratio of 199.91 and a beta of 0.32. The firm’s fifty day moving average is $69.57 and its two-hundred day moving average is $81.36. Karman has a 52-week low of $43.49 and a 52-week high of $118.38.

Karman (NYSE:KRMN) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.11 earnings per share (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 for the quarter, compared to the consensus estimate of $150.19 million. During the same period in the previous year, the firm posted $0.05 EPS. Karman’s revenue for the quarter was up 51.0% compared to the same quarter last year. As a group, analysts anticipate that Karman will post 0.59 EPS for the current fiscal year.

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.