Karman (NYSE:KRMN) Price Target Raised to $135.00

Karman (NYSE:KRMN) had its price objective increased by Robert W. Baird from $115.00 to $135.00 in a research note published on Friday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Several other research firms have also commented on KRMN. BWS Financial restated a “sell” rating and set a $37.00 price target on shares of Karman in a research report on Thursday, January 22nd. Piper Sandler upgraded shares of Karman from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $110.00 to $127.00 in a research report on Friday, March 6th. Evercore increased their target price on shares of Karman from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. Royal Bank Of Canada lifted their price target on Karman from $85.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. Finally, Truist Financial set a $118.00 price target on Karman in a report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Karman presently has an average rating of “Moderate Buy” and a consensus target price of $116.90.

Karman Price Performance

NYSE:KRMN opened at $99.31 on Friday. 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 50 day moving average price of $97.73 and a 200-day moving average price of $81.22. Karman has a 1-year low of $25.02 and a 1-year high of $118.38. The firm has a market cap of $13.14 billion and a price-to-earnings ratio of 397.25.

Hedge Funds Weigh In On Karman

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Karman by 151.1% during the fourth quarter. Vanguard Group Inc. now owns 9,342,230 shares of the company’s stock valued at $683,571,000 after purchasing an additional 5,621,556 shares in the last quarter. Lexington Partners L.P. purchased a new stake in shares of Karman during the third quarter worth about $319,861,000. Donaldson Capital Management LLC acquired a new position in shares of Karman during the 3rd quarter worth about $252,803,000. Schusterman Interests LLC acquired a new position in shares of Karman during the 3rd quarter worth about $148,024,000. Finally, Trustees of the University of Pennsylvania purchased a new position in Karman in the 4th quarter valued at about $142,869,000.

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.