Karman (NYSE:KRMN) Stock Price Expected to Rise, Citigroup Analyst Says

Karman (NYSE:KRMNGet Free Report) had its price objective raised by stock analysts at Citigroup from $123.00 to $125.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 15.63% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. KeyCorp began coverage on shares of Karman in a report on Thursday, December 18th. They issued an “overweight” rating and a $80.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Karman in a report on Monday, December 29th. BWS Financial began coverage on shares of Karman in a report on Monday, January 12th. They issued a “sell” rating and a $37.00 price target for the company. Truist Financial set a $118.00 price target on shares of Karman in a report on Friday, January 9th. Finally, Piper Sandler initiated coverage on Karman in a research report on Wednesday. They issued a “neutral” rating and a $98.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Karman has an average rating of “Moderate Buy” and an average price target of $98.67.

Check Out Our Latest Research Report on Karman

Karman Trading Down 3.1%

NYSE:KRMN opened at $108.10 on Thursday. Karman has a 1 year low of $25.02 and a 1 year high of $116.90. The stock’s fifty day moving average price is $79.13 and its two-hundred day moving average price is $68.56. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.86 and a quick ratio of 2.69. The company has a market cap of $14.30 billion and a P/E ratio of 432.41.

Karman (NYSE:KRMNGet Free Report) last announced its quarterly earnings results on Friday, November 7th. The company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $121.79 million during the quarter. Karman had a return on equity of 11.11% and a net margin of 2.65%.Karman’s revenue for the quarter was up 41.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.04 earnings per share.

Insider Transactions at Karman

In other news, insider Stephanie Sawhill sold 62,000 shares of the firm’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $63.93, for a total transaction of $3,963,660.00. Following the sale, the insider owned 504,939 shares in the company, valued at approximately $32,280,750.27. This trade represents a 10.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Michael Willis sold 115,000 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $58.63, for a total transaction of $6,742,450.00. Following the completion of the transaction, the chief financial officer owned 859,709 shares of the company’s stock, valued at $50,404,738.67. This trade represents a 11.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 251,000 shares of company stock valued at $15,419,170 in the last quarter.

Hedge Funds Weigh In On Karman

A number of large investors have recently modified their holdings of KRMN. GAMMA Investing LLC lifted its position in 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 during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in shares of Karman during the third quarter worth approximately $29,000. Farther Finance Advisors LLC raised its stake in shares of Karman by 56.4% during the third quarter. Farther Finance Advisors LLC now owns 455 shares of the company’s stock worth $33,000 after acquiring an additional 164 shares in the last quarter. Wexford Capital LP bought a new stake in shares of Karman in the 3rd quarter worth approximately $41,000. Finally, Hilltop National Bank purchased a new stake in shares of Karman in the 4th quarter valued at $42,000.

Trending Headlines about Karman

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About Karman

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Karman (NYSE:KRMN)

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