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

Karman Holdings Inc. (NYSE:KRMN) has been given a consensus rating of “Moderate Buy” by the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, seven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $105.60.

Several equities analysts have commented on the company. Weiss Ratings raised Karman from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Truist Financial upgraded shares of Karman to a “strong-buy” rating in a research note on Friday, May 1st. Robert W. Baird boosted their price objective on shares of Karman from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, March 20th. Royal Bank Of Canada restated an “outperform” rating and issued a $100.00 price objective on shares of Karman in a report on Tuesday, June 2nd. Finally, BWS Financial reaffirmed a “sell” rating and set a $37.00 target price on shares of Karman in a research note on Monday, May 18th.

Karman Stock Down 0.1%

KRMN stock opened at $46.38 on Monday. Karman has a fifty-two week low of $43.49 and a fifty-two week high of $118.38. The company has a market capitalization of $6.15 billion, a price-to-earnings ratio of 201.66 and a beta of 0.33. The business’s 50 day moving average price is $60.63 and its two-hundred day moving average price is $79.94. The company has a debt-to-equity ratio of 2.08, a quick ratio of 3.38 and a current ratio of 3.53.

Karman (NYSE:KRMN) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. The company had revenue of $151.21 million for the quarter, compared to analyst estimates of $150.19 million. Karman had a return on equity of 14.94% and a net margin of 5.73%.The firm’s revenue was up 51.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.05 earnings per share. As a group, analysts forecast that Karman will post 0.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BankChampaign National Association purchased a new position in Karman during the first quarter valued at $254,000. Bank of America Corp DE grew its stake in shares of Karman by 123.8% in the first quarter. Bank of America Corp DE now owns 459,531 shares of the company’s stock worth $36,785,000 after acquiring an additional 254,161 shares during the last quarter. Amundi increased its holdings in shares of Karman by 44.6% during the first quarter. Amundi now owns 512,231 shares of the company’s stock valued at $41,004,000 after acquiring an additional 158,068 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Karman by 23.4% in the 1st quarter. California State Teachers Retirement System now owns 61,105 shares of the company’s stock worth $4,891,000 after purchasing an additional 11,597 shares during the last quarter. Finally, Royal Bank of Canada raised its position in shares of Karman by 17.9% in the 1st quarter. Royal Bank of Canada now owns 101,236 shares of the company’s stock worth $8,104,000 after purchasing an additional 15,357 shares during the last quarter.

About Karman

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.