Karman (NYSE:KRMN) Stock Price Down 6.9% – What’s Next?

Shares of Karman Holdings Inc. (NYSE:KRMN) were down 6.9% during trading on Monday . The stock traded as low as $46.09 and last traded at $46.9180. 483,725 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 2,420,537 shares. The stock had previously closed at $50.37.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on KRMN shares. Evercore set a $100.00 target price on Karman in a research report on Wednesday, May 13th. Weiss Ratings raised Karman from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Citigroup lowered their target price on Karman from $127.00 to $97.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Robert W. Baird raised their target price on shares of Karman from $115.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, March 20th. Finally, Truist Financial upgraded shares of Karman to a “strong-buy” rating in a research report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $105.60.

Karman Stock Down 3.3%

The company has a 50 day simple moving average of $64.75 and a two-hundred day simple moving average of $80.62. The company has a quick ratio of 3.38, a current ratio of 3.53 and a debt-to-equity ratio of 2.08. The company has a market capitalization of $6.46 billion, a P/E ratio of 212.31 and a beta of 0.33.

Karman (NYSE:KRMN) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. The business had revenue of $151.21 million during 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 company’s revenue for the quarter was up 51.0% on a year-over-year basis. During the same period last year, the company earned $0.05 EPS. As a group, equities analysts predict that Karman Holdings Inc. will post 0.59 EPS for the current year.

Institutional Inflows and Outflows

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

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.