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

Karman Holdings Inc. (NYSE:KRMN) has received a consensus recommendation of “Moderate Buy” from the eleven brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $103.50.

Several analysts recently weighed in on KRMN shares. Weiss Ratings lowered Karman from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, June 29th. Royal Bank Of Canada reissued an “outperform” rating and set a $100.00 target price on shares of Karman in a research note on Tuesday, June 2nd. BWS Financial reissued a “sell” rating and issued a $37.00 target price on shares of Karman in a report on Monday, May 18th. Needham & Company LLC restated a “buy” rating and issued a $125.00 price target on shares of Karman in a research note on Thursday, April 9th. Finally, Citigroup decreased their price target on shares of Karman from $97.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday.

Institutional Trading of Karman

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hilltop National Bank lifted its stake in shares of Karman by 87.8% in the 2nd quarter. Hilltop National Bank now owns 1,258 shares of the company’s stock valued at $63,000 after acquiring an additional 588 shares during the last quarter. CX Institutional acquired a new position in Karman in the 2nd quarter worth about $28,000. BankChampaign National Association bought a new position in Karman in the first quarter valued at about $254,000. Bank of America Corp DE boosted its stake in shares of Karman by 123.8% during the first quarter. Bank of America Corp DE now owns 459,531 shares of the company’s stock valued at $36,785,000 after purchasing an additional 254,161 shares in the last quarter. Finally, Amundi grew its holdings in shares of Karman by 44.6% during the first quarter. Amundi now owns 512,231 shares of the company’s stock worth $41,004,000 after purchasing an additional 158,068 shares during the last quarter.

Karman Stock Performance

Shares of Karman stock opened at $56.26 on Monday. The company has a current ratio of 3.53, a quick ratio of 3.38 and a debt-to-equity ratio of 2.08. The company has a market cap of $7.46 billion, a PE ratio of 244.60 and a beta of 0.51. The company has a 50 day moving average of $57.56 and a 200-day moving average of $79.43. Karman has a 1-year low of $43.49 and a 1-year high of $118.38.

Karman (NYSE:KRMN) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. The business had revenue of $151.21 million during the quarter, compared to the consensus estimate of $150.19 million. Karman had a net margin of 5.73% and a return on equity of 14.94%. The company’s revenue was up 51.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.05 earnings per share. As a group, equities research analysts forecast that Karman will post 0.58 earnings per share for the current fiscal year.

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.