Karman (NYSE:KRMN) Hits New 1-Year Low – Should You Sell?

Karman Holdings Inc. (NYSE:KRMN)’s stock price reached a new 52-week low during trading on Thursday. The company traded as low as $32.11 and last traded at $32.1010, with a volume of 140760 shares changing hands. The stock had previously closed at $32.42.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KRMN. Needham & Company LLC dropped their price objective on Karman from $125.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, August 7th. BWS Financial reissued a “sell” rating and issued a $37.00 price target on shares of Karman in a report on Monday, August 10th. Royal Bank Of Canada dropped their price target on Karman from $85.00 to $70.00 and set an “outperform” rating for the company in a research note on Monday. Guggenheim began coverage on shares of Karman in a research report on Monday, September 14th. They set a “buy” rating and a $63.00 price objective on the stock. Finally, Weiss Ratings downgraded shares of Karman from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $88.09.

Karman Trading Down 1.3%

The stock has a 50 day simple moving average of $45.81 and a 200-day simple moving average of $59.20. The company has a current ratio of 3.56, a quick ratio of 3.40 and a debt-to-equity ratio of 2.01. The firm has a market cap of $4.24 billion, a P/E ratio of 110.32 and a beta of 0.47.

Karman (NYSE:KRMN) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01. The business had revenue of $182.06 million during the quarter. Karman had a net margin of 6.31% and a return on equity of 15.54%. Karman’s revenue for the quarter was up 58.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.10 EPS. On average, equities research analysts expect that Karman Holdings Inc. will post 0.59 EPS for the current fiscal year.

Insider Buying and Selling at Karman

In related news, Director David Stinnett purchased 27,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The shares were bought at an average price of $37.32 per share, for a total transaction of $1,007,640.00. Following the acquisition, the director 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.77% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of KRMN. HBK Investments L P purchased a new stake in shares of Karman in the second quarter valued at $998,000. Tidal Investments LLC boosted its stake in shares of Karman by 78.1% during the 2nd quarter. Tidal Investments LLC now owns 29,199 shares of the company’s stock worth $1,458,000 after purchasing an additional 12,807 shares during the period. Engineers Gate Manager LP bought a new position in Karman during the 2nd quarter valued at about $470,000. NewEdge Advisors LLC grew its holdings in Karman by 163.3% during the 2nd quarter. NewEdge Advisors LLC now owns 3,112 shares of the company’s stock valued at $155,000 after purchasing an additional 1,930 shares during the last quarter. Finally, Arizona State Retirement System raised its position in Karman by 13.2% in the 2nd quarter. Arizona State Retirement System now owns 16,456 shares of the company’s stock worth $821,000 after purchasing an additional 1,915 shares during the period.

About Karman

Karman (NYSE: KRMN), through its subsidiaries, provides engineered components and manufacturing services for the aerospace and defense industries. The company focuses on mission-critical products used in space launch vehicles, missile systems, hypersonic platforms and other high-performance aerospace applications.

Its capabilities include the design and production of composite and metallic structures, precision-machined components, complex assemblies, thermal protection products and other specialized hardware.