Karman Holdings Inc. (NYSE:KRMN) Stock Has Average Price Target of $77.57 According to Analysts

Karman Holdings Inc. (NYSE:KRMN) has earned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $77.57.

KRMN has been the subject of a number of recent analyst reports. Royal Bank Of Canada lowered their price target on Karman from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday. Weiss Ratings raised shares of Karman from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. UBS Group set a $40.00 price objective on shares of Karman in a report on Thursday, October 22nd. Citigroup upped their target price on shares of Karman from $76.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Finally, Needham & Company LLC cut their target price on shares of Karman from $125.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, August 7th.

Karman Stock Down 4.5%

NYSE KRMN opened at $39.81 on Friday. The stock has a fifty day moving average of $37.11 and a 200-day moving average of $64.25. The company has a debt-to-equity ratio of 2.01, a quick ratio of 3.40 and a current ratio of 3.56. The stock has a market capitalization of $5.28 billion, a P/E ratio of 137.28 and a beta of 0.64. Karman has a 52 week low of $29.34 and a 52 week high of $118.38.

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

Insider Activity

In related news, Director David Stinnett acquired 27,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The shares were acquired at an average cost of $37.32 per share, for a total transaction of $1,007,640.00. Following the completion of the acquisition, the director directly owned 3,530,395 shares in the company, valued at approximately $131,754,341.40. The trade was a 0.77% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.77% of the company’s stock.

Hedge Funds Weigh In On Karman

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KRMN. Oregon Public Employees Retirement Fund bought a new position in shares of Karman during the third quarter worth about $908,000. VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in Karman by 170.8% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 13,000 shares of the company’s stock valued at $421,000 after buying an additional 8,200 shares during the last quarter. D.A. Davidson & CO. raised its position in Karman by 19.5% in the 3rd quarter. D.A. Davidson & CO. now owns 13,815 shares of the company’s stock valued at $448,000 after buying an additional 2,250 shares during the last quarter. Pinnacle Wealth Planning Services Inc. bought a new stake in Karman in the 3rd quarter valued at approximately $32,000. Finally, Park Avenue Securities LLC lifted its stake in Karman by 17.2% in the 3rd quarter. Park Avenue Securities LLC now owns 20,753 shares of the company’s stock valued at $673,000 after acquiring an additional 3,041 shares in the last quarter.

About Karman

Karman Holdings Corp., doing business as Karman Space & Defense, is an aerospace and defense company that develops and manufactures mission-critical components, assemblies and structures. Its products are used in space-launch vehicles, missiles, hypersonic systems and other defense applications where performance, reliability and precision are essential.

The company’s capabilities include the production of composite and metallic structures, propulsion-related components, precision-machined parts and other highly engineered hardware.