Karman Holdings Inc. (NYSE:KRMN) Receives Consensus Rating of “Moderate Buy” from Analysts

Karman Holdings Inc. (NYSE:KRMN) has been given an average rating of “Moderate Buy” by the eleven research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $103.3333.

Several analysts have recently commented on KRMN shares. BWS Financial restated a “sell” rating and issued a $37.00 target price on shares of Karman in a research note on Thursday, January 22nd. Raymond James Financial reissued a “strong-buy” rating and set a $130.00 target price on shares of Karman in a research report on Thursday, January 22nd. Truist Financial set a $118.00 price objective on Karman in a research note on Friday, January 9th. Piper Sandler started coverage on shares of Karman in a report on Wednesday, January 21st. They set a “neutral” rating and a $98.00 price objective on the stock. Finally, Evercore ISI upped their price objective on shares of Karman from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd.

Karman Stock Down 3.8%

Shares of Karman stock opened at $110.89 on Friday. Karman has a one year low of $25.02 and a one year high of $118.38. 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 stock’s 50-day moving average is $83.35 and its 200 day moving average is $70.36. The firm has a market cap of $14.67 billion and a price-to-earnings ratio of 443.56.

Karman (NYSE:KRMN) last issued its earnings results on Friday, November 7th. The company reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. Karman had a return on equity of 11.11% and a net margin of 2.65%.The business had revenue of $121.79 million during the quarter. During the same quarter in the previous year, the firm posted $0.04 earnings per share. The company’s revenue for the quarter was up 41.7% compared to the same quarter last year.

Insider Transactions at Karman

In other news, insider Stephanie Sawhill sold 62,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider owned 504,939 shares in the company, valued at $32,280,750.27. This trade represents a 10.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Michael Willis sold 115,000 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $58.63, for a total value of $6,742,450.00. Following the completion of the sale, the chief financial officer directly owned 859,709 shares of the company’s stock, valued at $50,404,738.67. This represents a 11.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 251,000 shares of company stock worth $15,419,170 in the last ninety days.

Institutional Investors Weigh In On Karman

Institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC purchased a new stake in shares of Karman during the 1st quarter valued at approximately $10,199,000. Goldman Sachs Group Inc. bought a new stake in shares of Karman during the first quarter valued at about $17,371,000. Jane Street Group LLC bought a new position in shares of Karman in the first quarter valued at approximately $532,000. Public Employees Retirement System of Ohio purchased a new stake in Karman in the 2nd quarter worth approximately $414,000. Finally, LBP AM SA bought a new position in shares of Karman in the second quarter worth $459,000.

Karman Company Profile

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.