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

Shares of Karman Holdings Inc. (NYSE:KRMN) have been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, seven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $102.00.

KRMN has been the subject of several research reports. Royal Bank Of Canada dropped their target price on Karman from $100.00 to $85.00 and set an “outperform” rating for the company in a research report on Friday, July 24th. Citigroup reduced their price target on Karman from $97.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. 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 report on Wednesday, May 20th. Truist Financial upgraded shares of Karman to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Weiss Ratings lowered shares of Karman from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 29th.

Karman Stock Performance

Shares of NYSE:KRMN opened at $47.39 on Friday. The company’s 50 day moving average price is $50.95 and its two-hundred day moving average price is $75.20. Karman has a 12-month low of $43.68 and a 12-month high of $118.38. The firm has a market cap of $6.28 billion, a PE ratio of 206.05 and a beta of 0.51. The company has a quick ratio of 3.38, a current ratio of 3.53 and a debt-to-equity ratio of 2.08.

Karman (NYSE:KRMN) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $151.21 million for the quarter, compared to the consensus estimate of $150.19 million. During the same period in the prior year, the company posted $0.05 earnings per share. The business’s revenue for the quarter was up 51.0% on a year-over-year basis. Equities research analysts predict that Karman will post 0.58 earnings per share for the current year.

Institutional Trading of Karman

A number of large investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in shares of Karman by 83.7% during the 4th quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock valued at $27,000 after acquiring an additional 170 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Karman by 889.7% in the fourth 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 acquired a new stake in Karman in the third quarter worth $29,000. Kestra Advisory Services LLC bought a new stake in Karman in the fourth quarter valued at $32,000. Finally, Huntington National Bank bought a new stake in Karman in the fourth quarter valued at $32,000.

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.